https://www.taxtmi.com/acts?id=50019 Conversion of an individual's former separate property into family property is treated as a deemed transfer by the individual through the family to members to be held jointly; income attributable to the individual's interest in such converted property is deemed to arise to the individual, while income attributable to the spouse's or minor son's interest (and amounts received by them on partition) is deemed to arise to them as income from assets transferred indirectly by the individual, with such income excluded from the family's or the spouse's/minor son's total income once included in the individual's total income. en-us Mon, 03 Mar 2025 15:23:15 +0530 Mon, 03 Mar 2025 15:23:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50019 Conversion of an individual's former separate property into family property is treated as a deemed transfer by the individual through the family to members to be held jointly; income attributable to the individual's interest in such converted property is deemed to arise to the individual, while income attributable to the spouse's or minor son's interest (and amounts received by them on partition) is deemed to arise to them as income from assets transferred indirectly by the individual, with such income excluded from the family's or the spouse's/minor son's total income once included in the individual's total income. Act-Rules F. Acts / Amendment Acts Mon, 03 Mar 2025 15:23:15 +0530 https://www.taxtmi.com/acts?id=50019