RE:Criteria to be a Hindu Undivided Family
by Amitabh on Apr 23, 2007 12:42 PM Permalink
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.
RE:Criteria to be a Hindu Undivided Family
by SOUNDARARAJAN DORAISAMY on Apr 23, 2007 06:42 PM Permalink
It is rite. But the HUF so formed should consist atleast one male member of the family.That is female memmbers of any family could be members but not permitted to file returns.
