Conversion of HUF into Partnership firm

sardul singh (Querist) 05 June 2009 This query is : Resolved
Can a HUF be converted into a Partnership firm? If so, what are the formalities?

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A V Vishal (Expert) 05 June 2009
The HUF cannot be converted into a partnership, however the Karta and the coparceners can become partners in the partnership firm and they can get the HUF property as investment.

Y V Vishweshwar Rao (Expert) 06 June 2009
HUF Kartha & HUF Memebrs Can be partner of the Partnership Firm

B.B.R.Goud. (Expert) 06 June 2009
No. A HUF can not be converted into a Partnership firm, but the HUF Kartha & HUF Memebrs can become partners of the Partnership Firm, they can get the HUF property as an investment against their share of investment.

A. A. JOSE (Expert) 06 June 2009
Right, HUF cannot be converted into a Partnership firm.

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