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    <title>Will any clubbing provision apply in case of transfer of asset to Hindu Undivided Family (HUF) by its member?</title>
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    <description>Clubbing of income applies where a member transfers property to the HUF without adequate consideration or converts it into joint family property; income from such property is included in the transferor&#039;s taxable income while the property remains undivided. After partition and distribution, income derived from that property by the transferor&#039;s spouse is to be clubbed with and taxed in the hands of the transferor.</description>
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    <pubDate>Mon, 25 Dec 2023 16:32:00 +0530</pubDate>
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      <title>Will any clubbing provision apply in case of transfer of asset to Hindu Undivided Family (HUF) by its member?</title>
      <link>https://www.taxtmi.com/manuals?id=4158</link>
      <description>Clubbing of income applies where a member transfers property to the HUF without adequate consideration or converts it into joint family property; income from such property is included in the transferor&#039;s taxable income while the property remains undivided. After partition and distribution, income derived from that property by the transferor&#039;s spouse is to be clubbed with and taxed in the hands of the transferor.</description>
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      <pubDate>Mon, 25 Dec 2023 16:32:00 +0530</pubDate>
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