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HUF is a distinct legal entity and can own property in its name. Thus the property in HUF does not belong to you absolutely and belongs to all the members of the HUF.
The Karnataka High Court has held that the wife of an original allottee becomes the absolute owner of the property if, before registration of property, the allottee died and thereafter on making the.
SUPREME COURTCriminal Proceedings For Dowry Demand Cannot Be Quashed Merely Because Divorce Petition Is PendingCase Title: X vs State of Uttar PradeshCase Citation: 2023 LiveLaw (SC) 26The Supreme.
Nithin Kamath, the billionaire co-founder and CEO of Zerodha, highlighted the benefits of the Hindu Undivided Family (HUF) through a post on the social media platform X, emphasizing its unique role as a legal and tax entity designed specifically for Hindu families in India. He underscored how this structure enables individuals to save on taxes effectively.