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Joint hindu family business project wikipedia
Hindu Undivided Family (‘HUF’) is treated as a See more. A joint family or undivided family is an extended family arrangement prevalent throughout the Indian subcontinent, particularly in India, consisting of many generations living in the same household, all bound by the common relationship. he can manage or mismanage the property, family, business any way he likes. The position of Karta is unique in a joint Hindu family. You will always find what you are searching for with Yahoo. . Find all types of results for joint hindu family business project wikipedia in Yahoo. News, Images, Videos and many more relevant results all in one place. Hindu Undivided Family is treated as a ‘person’ under section 2 of the Income-tax Act, HUF is a separate entity for the purpose of assessment under the Act. Except for Kerala, HUF is recognized throughout India. A joint family or undivided family is an extended family arrangement prevalent throughout the Indian subcontinent, particularly in India, consisting of many generations living in the same household, all bound by the common relationship. [1] Hindu Undivided Family ('HUF') is treated as a 'person' under section 2 (31) [2] of the Income-tax Act, A joint family or undivided family is an extended family arrangement prevalent throughout the Indian subcontinent, particularly in India, consisting of many generations living in the same household, all bound by the common relationship. Joint Hindu Family Firm is created by the operation of law. It . Meaning of Joint Hindu Family Business: The Joint Hindu Family Business is a distinct form of organisation peculiar to India. It is governed by Hindu. Joint Hindu Family (HUF) is a form of business organization wherein the members of a family can only own and manage the business.