A HUF with a father and son continued after the wife's death in 2010. The son separated from the HUF after receiving assets, leading to its dissolution. The father cannot retain HUF status post-partition and must report it to the income tax officer
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.