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INCOME TAX LIABILITY ON SHARE OF SALES PROCEEDS OF ancestral AGRICULTURE LAND

This query is : Resolved 
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(Querist)
14 August 2023 My wife got her share of Rs.10 lakhs out of sales proceeds of agriculture lands in the name of her grandfather

Whether this amount is taxable income

If yes, what is the remedy available so that she need not pay Income tax on this amount
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
14 August 2023 Whether she had signed the sell document directly or through any GPA?
Or she had given her consent for any share in the property?
How the amount was received by her?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 September 2024 Good Luck.
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