{"id":19738,"date":"2021-06-29T09:01:39","date_gmt":"2021-06-29T03:31:39","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=19738"},"modified":"2021-06-29T15:57:51","modified_gmt":"2021-06-29T10:27:51","slug":"sale-of-land-used-for-agricultural","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/sale-of-land-used-for-agricultural\/","title":{"rendered":"Sale of land used for agricultural  by  members and investment \u2013 Exemption of capital gains ."},"content":{"rendered":"<p>sir,<\/p>\n<p>just before the sale of the land used for the agricultural activity has been converted as non-agricultural land and the proceeds have been received by one single person on behalf of the number of members in the family which he again returned to the members of the family to facilitate the easy transaction. Whether this can be treated as agricultural income in the hands of individual members? or it has to be treated as capital gains, if so long or short. In case if the investment is made to claim the exemption, can it be allowed? The members became the owners jointly due to the death of the father.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[139],"qa_category":[23],"qa_tag":[87,46,24,220],"class_list":["post-19738","qa","type-qa","status-publish","hentry","qa_expert-research-team","qa_category-income-tax","qa_tag-agricultural-income","qa_tag-agricultural-land","qa_tag-capital-gains","qa_tag-sale-of-agricultural-land"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/19738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=19738"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=19738"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=19738"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=19738"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=19738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}