Hindu Undivided Family .
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Just because a business was run by a
karta of a Hindu Undivided Family in a tenented premise, there is no presumption that it is a joint Hindu family business, held the Supreme Court in a recent judgment. There can be presumption of Hindu joint family property if the property has been acquired by the male member or if the same has been treated as joint Hindu family. But no such presumption is attached to a business activity carried out by an individual in a tenanted premise , observed the Supreme Court in the case
Synopsis A widow s share in the joint family property of the deceased husband is only up to the share that would have come to him out of that family property, in the event of a partition/division of the joint property.
We regularly hear terms such as joint family, Hindu Undivided Family (HUF) and generally assume them to be the same. However, these terms have a fine but significant distinction which is important because of its implications on inheritance. These terms are explained below in a simple manner:
Joint hindu family property
A Hindu Joint Family consists of a common ancestor and all his lineal male descendants up to any generation together with the