Case study
My father had created huf in 1990 and filed ITR every year. He has 2 sons , I am the eldest son. My mother is alive.
Father died in 2012. I and my brother were not married. In 2013 I became karta. Bank I sign cheques and ITR return filing I do signature. Huf is still on father name.
I am not aware if we have transferred all his assets and liabilities ( only cash/bank/ unsecured loans are there in huf , there is no property in huf)
I got married in 2019.
My brother got married in 2020. He opened his new huf account.
Query
1) can mother become karta of father's huf now ?
2) can I open a new huf on my name (I married in 2019 and have no kids )
3) if I can open my own huf , can I continue with father's huf as well ? And file returns for both accounts ?
4) if I can open my own new huf account, but I can not continue with father's huf account , then what happens to father's huf account ?
Thank you in anticipation.
