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Capital Gains and Loan

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12 December 2019 1. Father-in-law's loan (taken on agri land for cultivation-turned loss) was repaid by son-in-law. Daughter got the land in partition from her father and later sold it. Can the proceeds from sale of land be used to repay husband who initially repaid father-in-laws loan. Will there be any clubbing provision or any other provision involved
2.Mother sold rural agricultural can proceeds be used to invest in debentures

12 December 2019 1 clubbing provisions not applicable in this case.
2 yes can be invested.



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