(Guest)

Huf & divorce

My client is married and getting divorced. No children.

1. Will his HUF where he is the karta come to an end automatically?

2. What happens to the FDs in HUF bank account?

3. In the past he filed HUF ITRs. Does he need to notify IT dept

4. Can he maintain the HUF funds under HUF entity even after divorce?

Thanks.

vishak (manager) 21 September 2015

i think unless devorce decree, HUF can be continued legally.

Dr J C Vashista (Advocate) 22 September 2015

@"Q",

1. Since the experts do not respond to anonymous author why do you want to remain anonymous?

2. Your query is vague and silent about basic question such as:

a. Divorce is from wife of the Karta or from the entire family where he is Karta?

b. Whether the Karta (who is getting divorced) has only his wife constituting the HUF?

c. Why and how does divorce affect the status of HUF, wherein the Karta is to be divorced?

Consult a local senior advocate for better results/relief to your client.

Best wishes