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42. If the converted property is subsequently partitioned among the members of the family, the...

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Accounting

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42. If the converted property is subsequently partitioned among the members of the family, the income derived from such converted property as is received by the spouse of the transferor will be taxable - (a) as the income of the karta of the HUF (b) as the income of the spouse of the transferor as the income of the HUF. (c) (d) as the income of the transferor-member

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