I sold agricultural land,inherited by me from my father,for Rs.20 Lacs 50 thousand. As the land was situated outside the municipal/town limits,I didn't have to pay the capital gains tax.I have given a certificate to that effect in my last ITR. I invested it in SBI FDRs, in which my sons and grandchildren are nominees.
In 1989 I was offered a farm in Delhi for Rs.25 Lacs.Late Jagdish Rajan,a cousin brother of my late father,was the owner.He is the maternal uncle of cine-star Amitabh Bachhan.I was told that Amitabh's farm is also nearby.Late Sh.Rajan came to our house in Chanakyapuri and had dinner with us.He told us that he offered to give us the farm as he wanted it to remain in the family. I was touched by his concern for the family despite the fact that there was long litigation between my late father and his late father over the ownership of a plot of ancestral land in the village,namely,Chakaskaran ,in Fatehpur District of U.P. The village is named after my ancestor who was a Mansabdar in the times of Mughal Emperor Aurangzeb. He was a big Zamindar of the area too. Late Jagdish Rajan's father,late Gaya Prasad,was fifth in the genealogical tree of the ancestry along with my great grandfather.All our ancestors held very important and high gubernatorial posts earlier in the Mughal Kingdom and later in the courts of Princely Estates.We don't have record of our ancestry before the times of Mughal Emperor Aurangzeb.
In 1989 I had no bank balance and very little amount in GPF.I told my late uncle Jagdish Rajan that I dint have even Rs.25000 in my bank account or GPF,what to talk of RS.25 Lacs which he wanted me to pay for his farm.He perhaps thought that I was joking. In 1989 I was an Inspector General of Police in CBI. He didn't believe that I was just living hand to mouth giving the best possible education and nutritious food to my three sons and wife as also taking care of my over 80 year old father and the two nieces who were staying with him at Fatehpur.My wife had nicknamed me as a 'Kangal' police officer.I liked her calling spade a spade.
Despite my telling the uncle that I didn't have even Rs.25000,he invited me and my wife for a dinner in his farm house,situated in over one and a half acre of land where he was growing vegetables,fruits,some cereals and flowers.He perhaps thought that an IGP could not be a pauper like me and I was telling him a lie about my financial position.Later when he got convinced about my statement,he stopped mentioning to me about the purchase of farm.Today when I have Rs.25 Lacs,the cost of the farm has gone up to Crores.I don't know if the farm is still unsold.After the death of my uncle there is no contact with his family.In 1989 a farm in Delhi, offered to me on a platter, was 25 lacs away from me and today it is Crores away.Sometimes I feel guilty of having disappointed my late uncle.