Joint Hindu Undivided Family (HUF)

A HUF is a business owned by

• Any family

• Any Indian family

• A joint Hindu family

• A Hindu individual

HUF is governed by

• Hindu law of succession

• Muslim law of succession

Inheritance of property is among

• only nuclear family members

• all members of the hindu community

• all male members of a joint hindu family

• all members of a hindu family

A male child becomes a member of the HUF when

• immediately on birth no matter what

• when he turns 18

• immediately on birth provided he is part of the 3rd generation in the family

• when he finishes his education

A HUF will end when

• karta dies

• when all members of the HUF decide to end it or there are no more male members left in the HUF

• when any one co-parcener dies

• when the liability of the HUF is beyond Rs. 1 crore

All decisions of a HUF are made by

• all members

• karta

• karta and all senior co parceners

• by all co parceners

Whose liability in a HUF is unlimited

• co parceners

• karta and co parceners

• nobody

• karta

The maximum number of members is

• no limit at all

• 50

• 7

• no limit except it's members are from only 3 generations

a HUF can be started by people of which faith

• only Hindu

• Muslims

• Christians

• None of the 3 above

Membership in a HUF is given by

• contribution of capital

• birth

• agreement

• choice