Capital Gains and Loan
This query is : Resolved
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
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.
2 yes can be invested.
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