Amendment of Section 64

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....s and figures "For the purposes of clause (i) and clause (ii)" shall be substituted; (ii) after Explanation 1, the following Explanation shall be inserted, namely :- "Explanation 1A : For the purposes of clause (i), where the spouse of an individual is a beneficiary under a trust, the income arising to the trustee from the membership of the trustee in a firm carrying on a busines....

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.... the benefits of partnership in a firm."; (b) in sub-section (2) - (i) for the words and brackets "into the common stock of the family (such property being hereinafter referred to as the converted property)", the words and brackets "into the common stock of the family or been transferred by the individual, directly or indirectly, to the family otherwise than for adequate consider....