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Q. > Please Help: HUF PROPERTY
What will happen of HUF property in case of a HUF having husband and wife having no son or daughter, if karta i.e. husband expire, is HUF property will become the wife`s personal property or else.
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Rambabu Senkarasetti
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Comments
maneesh
01-Mar-2017 , 11:26:56 amWILL BE TREATED AS PERSONAL PROPERTY
sameer suresh sawant
01-Mar-2017 , 11:50:45 amEven after death of sole male member so long as original property of joint family remains in hands of widows of members of family and same is not divided among them. Joint family continues to exist. CIT v. Veerapa chettair 76 ITR 467 (SC)