- Income is not to be clubbed for the initial corpus. It’s capital contribution, not income.
- After Formation, Clubbing will be applicable in some cases and not in some.
Ignore reply of @CA_Anand_Thakor , It’s misleading.
Please refer @Surbhi_Pal 's reply here - Forming HUF and its taxation - #2 by Surbhi_Pal
That’s actually correct information.