If two or more persons have inherited from a common ancestor and the property with respect to which income is received belongs to the family,then the family may be treated as HUF.And in respect of income from such property,HUF will be treated as a separate taxable entity.The manager or karta of the HUF,who will normally be the seniormost male member of the family will be responsible for filing tax returns,etc.However,formation of HUF is allowed only in case of Hindus,Sikhs and Jains.
