Capital gain amt fransfer to ladies

This query is : Resolved 

11 February 2013 Dear sir
Party x have 10 lakhs from selling agri land in their village.
Agri land is Grandfather property of Party x

Party X have 3 childs

All childs are married,

Out of 3 child one child is ladies

After the Party X recd amount from selling ,he not shown the amt in his income tax filing

Child's got equal share of 3 laths * Party has one laths with him

Whether the Child's have to show their amt received from their father as capital gains, or under which head

Whether it is compulsory to shown their income & liable to pay tax

They did not made any capital gains scheme

Thanking you


11 February 2013 As the Agriculture land is in rural area- (Population below 10000) nothing is taxable.



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