In a Hindu Undivided Family (HUF), the Karta is the head of the family and has significant power and authority.
Here are some of the powers of a Karta in an HUF:
1. Management of the property:
The Karta has the power to manage and control the HUF’s property. This includes buying, selling, leasing, mortgaging, or otherwise dealing with the property on behalf of the HUF. The Karta also has the power to invest the HUF’s funds in various assets.
2. Decisions on family matters:
The Karta has the power to make decisions on all family matters, including marriages, education, and religious ceremonies. The Karta’s decisions are generally binding on all the members of the HUF.
3. Signing legal documents:
To sign legal documents on behalf of the HUF. This includes documents related to property transactions, loans, and other legal agreements.
4. Tax matters:
The Karta is responsible for filing the HUF’s tax returns and paying taxes on behalf of the HUF. The Karta also has the power to make decisions related to tax planning and investments that have tax implications.
5. Distribution of income:
To distribute the income earned by the HUF among the family members. The Karta can also decide to retain the income for future investments or expenses.
It is important to note that the powers of the Karta are not absolute and are subject to the consent of the other members of the HUF. The Karta is expected to act in the best interests of the HUF and its members and should not misuse their power for personal gain.
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