Transfer of property by karta to HUF

[Rajat Gupta]

If a Property has been transferred by Karta to HUF, will rental income from property be taxable in the hands of HUF? 

AI Summary

Property owner transfers asset to HUF - rental income taxable in HUF's hands, not original transferor's A property owner transferred property to a Hindu Undivided Family (HUF). The question concerns whether rental income generated from the transferred property would be taxable in the hands of the HUF or remain with the original transferor. This involves determining the tax implications of property transfers to HUF entities and the subsequent treatment of income derived from such transferred assets under income tax provisions.