Hindu Undivided Family (HUF)
Hindu Undivided Family (HUF) Definition: HUF stands for Hindu Undivided Family, governed under Hindu law board and could be formed by a married couple or by members of a joint family. HUF could be formed by two members, at least one among whom should be a male member of the family. Senior-most male member of the family would become ‘Karta’. Although it is governed by the Hindu law board, it can be formed by Jains, Sikhs, and Buddhists as well. Individuals of other religions except the above st ...
