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nlr (na)     17 October 2024

Karta of huf' as partner in firm

Person X joined partnership firm and his name in the deed is X (karta of huf'). This is a registered partnership firm.

Later, he retired from the firm and certain assets of the firm were allotted to him.

He passed away and left a registered will that his share in the partnership shall go to child Y.

My question is.....whatever he received on retirement from the partnership firm, are those his individual assets that he bequeathed in his will?

Or whatever he received...are they assets of his huf?

 



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