what is the role of karta
Dear Student,
In a 'Hindu Undivided Family', role of karta includes managing the entire business, obtaining loans through mortgage, making decisions etc. He has an unlimited liability for the business losses of the HUF, that is, his liability extends to his private property.
Keep Posting!!
In a 'Hindu Undivided Family', role of karta includes managing the entire business, obtaining loans through mortgage, making decisions etc. He has an unlimited liability for the business losses of the HUF, that is, his liability extends to his private property.
Keep Posting!!