{"id":32881,"date":"2023-02-23T16:22:02","date_gmt":"2023-02-23T10:52:02","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=32881"},"modified":"2023-02-23T16:22:02","modified_gmt":"2023-02-23T10:52:02","slug":"taxation-on-proportionate-amount-received-on-sale-of-family-property-under-application-to-court-for-partition","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/taxation-on-proportionate-amount-received-on-sale-of-family-property-under-application-to-court-for-partition\/","title":{"rendered":"Taxation on proportionate amount received on sale of family property under application to court for partition."},"content":{"rendered":"<p>The assessee has 7 siblings in his family and received property in heritage from his father.<\/p>\n<p>The assessee has a 1\/7th share in the property.<\/p>\n<p>Two family members out of seven have made an application for the partition of such property in the court.<\/p>\n<p>The property is sold to another party for consideration and all the family members had received their respective shares in consideration.<\/p>\n<p>Now, whether the amount received by family members is taxable or not?<\/p>\n<p>Also, if taxable then under which head\/place it would be shown in ITR?<\/p>\n<p>Also, if not taxable then under which head\/place it would be shown in ITR?<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[31,820],"class_list":["post-32881","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-family-arrangement","qa_tag-sale-of-property"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/32881","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=32881"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=32881"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=32881"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=32881"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=32881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}