Property transfer to huf u/s 64(2)

sagar (mathura) (214 Points)

22 October 2015  
I read somewhere that if an individual transfer his property to Huf than rent derived from aforesaid property is taxed in hands of Huf but my confusion is that as per sec 64(2) if individual transfer property to Huf without adequate consideration than income shall continue be clubbed in hands of transferor so who will liable to pay tax on rent individual or Huf.