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Don’t miss the latest developments in business and finance.
Up to 4th line of Hindu descendants can claim share in ancestral wealth
However, assets inherited from one's maternal grandfather are not regarded as ancestral
A deep dive into the SC ruling on daughter's right to ancestral property
Even in families dissolve the HUF, they may still have to give the daughter her rightful share, say experts
It is high time 'Hindu Undivided Family' ceases to be a tax entity
An HUF entity is against the rights enshrined in our constitution and has become a mere tax planning tool in the hands of tax consultants who advise affluent Hindus.
Limited role for wife in HUF
She cannot be the karta but has the right to her husband's share in an estate after his death