Section 2 of HGOLA, 1930 : Section 2: Definitions

Explanation using Example

Let's consider a scenario where Raj is a member of a Hindu undivided family (HUF). He has completed his engineering degree and used his education to create a successful software application. The revenue generated from this software would be considered as "gains of learning" under the Hindu Gains of Learning Act, 1930.

In this example:

• Raj is the "acquirer" as he is a member of an HUF and has acquired property (revenue from the software) through his learning.
• The revenue from the software is the "gains of learning" as it was acquired substantially through Raj's education in engineering.
• The engineering degree that enabled Raj to develop the software falls under the definition of "learning" as it is a form of education intended to enable him to pursue a profession.