Coparcener
Regulation & taxA member with a birthright share in HUF property.
In plain terms
Daughters have been coparceners on the same footing as sons since 2005, married or not.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
A member with a birthright share in HUF property.
Daughters have been coparceners on the same footing as sons since 2005, married or not.
The formal division of HUF assets among coparceners, dissolving the entity.
Far easier to create an HUF than to unwind one — partition needs agreement from everyone.