Which of the following statement is true in respect of a HUF?
A. The liability of Co-parceners is limited
B. The liability of Karta is unlimited
C. Both (a) and (b)
D. Neither (a) nor (b)
Answer:C
Which of the following statement is true in respect of a HUF?
A. The liability of Co-parceners is limited B. The liability of Karta is unlimited C. Both (a) and (b) D. Neither (a) nor (b)