Power of Attorny for Property

This query is : Resolved

RANGARAM S (Querist)
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27 February 2009 Hi,

If A gives Power of Attorny to B. B in turn sells A's property for 1 Crore.
In this Can A avoid tax liabilty for the sales income from Property.

Thanks in advance.

VINAYAK D PRABHU

VINAYAK D PRABHU (Expert)
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27 February 2009 Hi,
As I can understand from ur case is that, Power of Attorney is a deed only for transferring the right of execution of some documents etc.. It does not take away the ultimtae responsilbility of Tax payment from A, who is the real owner of the Property.