divorced women is eligible to make huf with her adult child?


Hello experts! 

Can u guide me in following?  

1. Divorced women is eligible to make Huf with her adult child? 

2.  karta/ members caN introduce thier shares (from stock exchange /share market) in Huf ? and if yes  profit of that will apply clubbing taxation Or it will be taxed to Huf? 

Thanks .

 
Reply   
 
Proprietor

In Surjit Lal Chhabda v. Commissioner of Income Tax

the Hon'ble Supreme Court said that, (i) the expressions ‘Hindu Undivided Family’ (HUF) and ‘Joint Hindu Family’ (JHF) are synonymous terms; (ii) the terms being not independently defined in any act, is evidence enough of the underlying connotation that the terms must be understood as they are understood in Hindu Law; (iii) a joint Hindu family consists of persons lineally descended from a common ancestor and includes their wives and unmarried daughters. The daughter, on marriage, ceases to be a member of her father's family and becomes a member of her husband's family. The joint Hindu family is thus a larger body consisting of a group of persons who are united by the tie of Sapindaship arising by birth, marriage or adoption; and (iv) HUF is a creature of law.

 
Reply   
 


LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

  Search Forum








×

  LAWyersclubindia Menu

Indian Evidence Act     |    x