Deemed Assets – Section 4 - In case of a Member of HUF

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Full Text of the Document

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.... converted by the individual into property belonging to the family through the act of impressing such separate property with the character of property belonging to the family or throwing it into the common stock of the family or been transferred by the individual, directly or indirectly, to the family otherwise than for adequate consideration (the property so converted or transferred being hereina....