TaxTMI 
Income not to be included in Total Income of Eligible Persons(HUF)- Section 11 read with Schedule III (New) / Section 10 ( Old)
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....count of compulsory acquisition of land. • Serial No. 38D - Capital gains arising from transfer of specified capital assets under the Andhra Pradesh Land Pooling Scheme. Schedule III, Sl. No. 1 - Sum received by a member from an HUF Nature of exemption Schedule III, Sl. No. 1 provides that any sum received by a member from an HUF shall not be included in the total income of an individual who is a member of that HUF, subject to some conditions. The exemption is available where: • the sum is not covered by section 99(3) and (4) of the Income-tax Act, 2025; and • the sum has been paid out of the income of the family or, in the case of an impartible estate, out of the income of the estate....
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.... transfer for which the consideration is determined or approved by the Central Government or the Reserve Bank of India. (d) Date of receipt of compensation or consideration The income must have arisen from compensation or consideration for the transfer received by the assessee on or after 1 April 2004. For example, where agricultural land belonging to an HUF is compulsorily acquired, the resulting capital gains may qualify for exemption if the land is situated in the specified area, was used for agricultural purposes by the HUF during the preceding two years and the compensation is received on or after 1 April 2004. Schedule III, Sl. No. 38C - Income in respect of award or agreement on compulsory acquisition of land ....
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....l asset must be transferred under the Land Pooling Scheme covered under the Andhra Pradesh Capital City Land Pooling Scheme (Formulation and Implementation) Rules, 2015, made under the Andhra Pradesh Capital Region Development Authority Act, 2014, together with the rules, regulations and schemes made under that Act. (c) Possession of reconstituted plot or land The eligible person must have been handed over possession of the reconstituted plot or land on or before 31 March 2031. For example, where an HUF owned land as on 2 June 2014 and transferred the specified capital asset under the prescribed Land Pooling Scheme, the capital gains may qualify for exemption if possession of the reconstituted plot or land is ha....