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Ashwinkumar (NA)     22 December 2010

HUF Karta

Hi,

Can an individual have 2 HUF's and be a karta in both:

a. One HUF inherited from his father as eldest surviving member (Mother is alive)

b. Two a HUF of his immediate family, (wife and children)

As a follow-up query, is there a definition/understanding under HUF as to when a HUF cease to exist ?

regards

Ashwin



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