Clubbing of income: income from property converted to HUF remains taxable to the individual; family excludes it. When an individual member of an HUF transfers separate property into the HUF or common family stock without adequate consideration, income from that property is deemed to arise to the individual and included in the individual's total income; if the converted property is partitioned and the spouse receives income from it, that income is clubbed with the individual's income. Once included in the individual's total income, the same income is excluded from the total income of the family or spouse.