capital gain (transfer)
This query is : Resolved
11 June 2010
rural land sale through power of attorney.. whether it is come in the definition of transfer in capital gain head.... and tell me that under which section it is considered for transfer
11 June 2010
The question is not clear. The item sold by you is not mentioned.
t hadly matters whether any capital items are sold through himself or power of attornry. It will be taxable under the ead capital gain.
t hadly matters whether any capital items are sold through himself or power of attornry. It will be taxable under the ead capital gain.
11 June 2010
A "power of attorney" is a legal instrument whereby one person gives another person the authority to act on his or her behalf as his legal representative, and to make binding legal and financial decisions on your behalf.
Capital gain is a tax on profit made on sale price over indexed cost of acquisition, whther it is a sale under power of attorney or self and it will be taxed in the hands of the person who gives the POA.
Capital gain is a tax on profit made on sale price over indexed cost of acquisition, whther it is a sale under power of attorney or self and it will be taxed in the hands of the person who gives the POA.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
