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Question
Which of the following is/are features of KARTA in HUF form of business?
Which of the following is/are features of KARTA in HUF form of business?
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Solution
The correct option is C All of above
The affairs of business are managed by
the head of the family, who is known as the Karta. In the entire Hindu
joint family, the karta occupies a very important position. Karta is the
eldest member of the family. Only a coparcener can become Karta. Features of Karta in HUF form of business are:a) Karta is the eldest male member of the family. b) Karta is the custodian of the income and assets of the HUF.c) Karta is to manage the HUF property.
The affairs of business are managed by the head of the family, who is known as the Karta. In the entire Hindu joint family, the karta occupies a very important position. Karta is the eldest member of the family. Only a coparcener can become Karta. Features of Karta in HUF form of business are:a) Karta is the eldest male member of the family. b) Karta is the custodian of the income and assets of the HUF.c) Karta is to manage the HUF property.
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