SRIDHAR BABU.S (PARTNER) 15 April 2009

HUF

Dear Sir,

HUF means how many member (min) should be in that family. And Please explain what are its adavantages & disadvantages?

Thk U,

kind regards,

Babu.S

Y V Vishweshwar Rao (Advocate ) 16 April 2009

Hindu Undivided Family - it means more than one person at any point of time- this number may be changing from time time ( by births & deaths )

The Property acquired from Undivided Family needs no investment and no need to explain any sorce to acquire the proerty

In HUF you can not enjoy the proerty as you like till it is in Joint Nature , you have to consider the view /opinions of other Members/ share holders