Legal Question in Real Estate Law in India
Can the Karta of HUF sell a property, that was bought by the Karta as a HUF property, with the consent of the members of the HUF?
Asked on 8/21/10, 6:19 pm
2 Answers from Attorneys
Vishwa Arya
Arya & Co.
yes, keeping in view of the need of the HUF
Answered on 8/22/10, 5:50 am
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
only in certain circumstances can the karta sell the joint property and the funds obtained from sale have to be for the benefit of HUF and cannot be misappropriated by the karta.
Answered on 8/22/10, 11:38 pm