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Shares transferred

This query is : Resolved 
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(Querist)
14 August 2016 can i transferred my portfolio in my HUF books with current stock price through directly not through any exchange
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Prof. Bajaj

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Prof. Bajaj (Expert)
14 August 2016 This can be answered in 2 parts :

1. Can you do it ?
Answer: Yes.

2. What happens if you do it ?
Answer : As you are part of HUF and you transfer to it without consideration, clubbing provisions will be applicable.
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