Agricultural Land

Querist : Anonymous (Querist) 09 November 2009 This query is : Resolved
Hi,
I would like your kind advice. My wife is an agriculturist and her income is more than 2 lacs. I want to buy a land in her mothers name who does not have any income. Does Section 79 still apply ?..as in the law it says the person or family has a income.does her daughter income included along with her income.

Warm Regards,
Avi

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adv. rajeev ( rajoo ) (Expert) 09 November 2009
Any aggregate income of all the members of a family or a joint family from sources other than agrl., land shall be deemed to be income of the family or joint family as the case may be from such sources.
Whether your mother in law is in joint family what's about her husband and sons income.
So income of all these persons are calculated for the purpose of income.
If the joint family income is more than R.2lakhs then she cannot purchase the agrl., land.

adv. rajeev ( rajoo ) (Expert) 09 November 2009
your wife's income will not be included along with your mother in law's income

Raj Kumar Makkad (Expert) 09 November 2009
After marriage daughter do not form the part of her parental family so the income of her mother can not be clubbed in her income.

Sachin Bhatia (Expert) 09 November 2009
agree with Mr. Raj

pkpworld.. (Expert) 10 November 2009
Question is not clear.

Quoting section 79 relevant to which act?

Income of a married daughter does not club with the mother's income for the purpose of Income TAx act.

Querist : Anonymous (Querist) 10 November 2009
Hi Experts,
Thank you very much for your quick reply and resolving my query.

Warm Regards,
Avi

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