What is an HUF and an HUF firm? – InterviewSolution

1.	What is an HUF and an HUF firm?
Answer» The meaning of Hindu Undivided Family is defined by Hindu law. As per this law a family that consists of persons lineally (unbroken straight line) descending from a common ancestor is called a Hindu Undivided Family or HUF. HUF consists of father, sons, daughters and wives. The business firm held by HUF is called HUF firm or simply HUF.

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