TMI BlogWill any clubbing provision apply in case of transfer of asset to Hindu Undivided Family (HUF) by its member?X X X X Extracts X X X X X X X X Extracts X X X X ..... - Manuals - Ans. As per section 64(2) , when an individual, being a member of HUF, transfers his property to the HUF otherwise than for adequate consideration or converts his property into the pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... amongst the members of the family. In such a case income derived from such property by the spouse of the transferor will be clubbed with the income of the individual and will be charged to tax in his ..... X X X X Extracts X X X X X X X X Extracts X X X X
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