Conversion into HUF Property - Section 64(2)

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....* Where an individual being a member of HUF, converts his separate property as the property of the HUF, or throws the property into the common stock of the family, or otherwise transfers his individua....

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....ual. * The income derived from the converted property or any part thereof shall be deemed to arise to the individual and not to the family Exception - The income referred above shall, on being incl....