state gov MP Vyapam AAO (Group 2 Sub Group 2) Mock Test 2022 Income-tax and Corporate Tax Planning Deduction and Collection of tax at source
Where a member of a HUF has converted or transferred his self-acquired property for inadequate consideration into joint family property, income arising therefrom is -
1
Taxable as the income of the transferor member
2
Taxable in the hands of the HUF.
3
Taxable in the hands of the karta of the HUF.
4
Exempt from tax.