Income tax on 60lac given to wife

Dear Sir,

My neighbour got compensation of Rs 1 crore (aprrox) on acquisition of Rural Agricultural land. and he distributed that amount to his wife Rs 60lakh , his son Rs 25 lakh and his brother Rs 15 lakh. All that money got for land acquisition which comes under highway of agricultural land.

I just want to know that Does he need to pay any income tax on the money he gave to his family members or they need to pay any tax..otherwise source of income is only agriculture.

I will be very thankful to you for helping.

Replies (1)
That issued amounts not taxable in the hands of receivers like Wife, Son and Brother...

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