What happens to a HUF account if the Karta changes?
What happens to a HUF account if the Karta changes? |
If the Karta of a Hindu Undivided Family (HUF) changes due to death or another reason, the account details must be updated with Jainam by submitting the required documents. These may include the updated HUF PAN details, HUF deed, death certificate (in case of death), and other applicable documents. The existing HUF Demat account may continue without being closed, subject to verification and completion of the required formalities. Update Karta Details Learn about the process for updating Karta details in your existing Jainam HUF Demat account. Have a question? |