Saturday, April 19, 2014

How to Create Hindu Undivided Family (HUF)

MODES OF CREATION OF HUF
A Hindu Undivided Family can be created by following ways:
  1. Blending of individual property with the family Hotchpot
  2. Receipts of Gifts
  3. Doing Joint labour for the benefit of HUF
  4. Inheritance through a specific bequest under a Will
  5. Partitionof a larger Hindu Undivided Family
  6. Reunion of separated coparceners