Please suggest me -
In my case amount of Rs. 9.5 lac deposited in my brother account by my father. He is 20 year old just studying.
The amount of Rs.9.5 lac received is advance from buyer of agricultural land & which is name of my GRANDFATHER. The land comes under in part on distribution of assets by GRANDFATHER
If income tax notice comes for 9.5 lac how to reply. The land is still not registered but whole amount is received from buyer & same is deposited in my brother account. Suggest me practical way.
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