https://www.taxtmi.com/article/detailed?id=12749 An HUF requires at least two coparceners; under tax law a child's birth can create an HUF while a wife remains a member not a coparcener. Daughters obtained coparcenary rights by the 2005 amendment and may become Karta; Karta must be a coparcener and the eldest coparcener customarily succeeds. Property inherited intestate remains individual unless a will expressly names the HUF; gifts to HUF require formal deed and registration and may attract clubbing provisions. Accumulated profits form corpus and are distributable only on full partition, which requires notice to the assessing officer and a speaking order after hearing stakeholders. en-us Fri, 28 Jun 2024 17:33:24 +0530 Fri, 28 Jun 2024 17:33:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12749 An HUF requires at least two coparceners; under tax law a child's birth can create an HUF while a wife remains a member not a coparcener. Daughters obtained coparcenary rights by the 2005 amendment and may become Karta; Karta must be a coparcener and the eldest coparcener customarily succeeds. Property inherited intestate remains individual unless a will expressly names the HUF; gifts to HUF require formal deed and registration and may attract clubbing provisions. Accumulated profits form corpus and are distributable only on full partition, which requires notice to the assessing officer and a speaking order after hearing stakeholders. Articles Income Tax Fri, 28 Jun 2024 17:33:24 +0530 https://www.taxtmi.com/article/detailed?id=12749