| HUF HINDU UNDIVIDED FAMILY SHORT QUESTION ANSWER Posted: 04 Jul 2010 07:38 PM PDT 
Q-1.What is HUF? Ans: HUF includes those persons who acquired by birth an interest in joint family property. Q-2.Dose HUF include the wives and daughters of the abovesaid persons? Ans: Yes. A family consists of all persons lineally descended from a common ancestor and include their wives and unmarried daughters. Q-3.Does HUF arise from a contract? Ans: No HUF arises only from status. Q-4.Who is a coparcener? Ans:The persons who acquire by birth and interest in joint family... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| HINDU UNDIVIDED FAMILY (HUF) FREQUENTLY ASKED QUS (FAQ) Posted: 04 Jul 2010 07:26 PM PDT 
Q.1 How does Hindu Undivided Family come into existence under Hindu Law as well as under Income-tax Act, 1961? Ans. The concept of HUF under Hindu law as well as Income-tax Act, 1961 is the same. As stated earlier, HUF is purely a creature of law and cannot be created by an act of parties (except in case of adoption and reunion). A HUF is a fluctuating body, its size increases with birth of a male member in the family and decreases on death of a member of the family. Females go and come into... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Beware of 'RBI' scam! Posted: 04 Jul 2010 10:18 AM PDT 
If you receive a mail or phone call from the Reserve Bank of India (RBI) asking you to deposit money in the form of processing fees for availing of a lottery bonanza, don't start thanking your stars. Instead, ignore it, because there's no chance of the persons on the other end being the real McCoy. According to RBI regional director Jasbir Singh, fraudsters have found a new way to fleece the more gullible among the populace. Posing as RBI officials, they inform people through mail or... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
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