huf: Can woman be the karta of an HUF?

1.An HUF has coparceners who are born into the family and members who become part of the HUF through marriage.

2.Typically, the karta is the eldest coparcener of an HUF who acts as the head and is responsible for managing its legal and fi nancial affairs.

3.A junior coparcener of the HUF can be appointed as the karta if all the coparceners and members give their consent.

4.A Woman can be the Karta of a family in her capacity as a coparcener of the HUF, if she is the eldest member of the family.

5.In absence of the father, the elder minor son could act as the Karta of the HUF.

Content on this page is courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.

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