HUF means how many member (min) should be in that family. And Please explain what are its adavantages & disadvantages?
Y V Vishweshwar Rao (Advocate ) 16 April 2009
Hindu Undivided Family - it means more than one person at any point of time- this number may be changing from time time ( by births & deaths )
The Property acquired from Undivided Family needs no investment and no need to explain any sorce to acquire the proerty
In HUF you can not enjoy the proerty as you like till it is in Joint Nature , you have to consider the view /opinions of other Members/ share holders