Father is having his HUF and he is the Karta of the said HUF along with 2 sons & wife as coparceners.
- I want to know can his son (having their family but staying with fathers doing the business in partnership firm in which the father is also a partner (all in individual capacity as partner)) make their own HUF without dividing their fathers HUF?
- How can the son make their own HUF and how can they generate the capital of HUF? What are the options?