IF A POWER OF ATTORNEY HOLDER HAVING RIGHT TO SALE THE PROPERTY TO SOMEONE MEANS , WHO WILL BE THE LIABLE PERSON FOR PAYMENT OF CAPITAL GAIN TAX. OWNER OF THE PROPERTY OR POWER HOLDER?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 09 October 2018
Over owner of the property, unless any sale agreement with POA with liabilty restricted to certain extent.
MURALIDOSS
(INCOME TAX PRACTITIONER)
(1329 Points)
Replied 09 October 2018
IT IS PURELY POWER OF ATTORNEY FOR THE PURPOSE ON BEHALF OF THE OWNER CAN SALE THE PROPERTY , SIGN, IF ANY FUTURE ENCUMBRANCE ON BEHALF OF THE OWNER ONLY POA WILL SETTLE THOSE LIABILITIES.
(i.e) THE SALE AMOUNT IS 5000000/- PURCHASE BY THE OWNER FOR 2500000/- sir. Now th power agent says that owner no need to pay tax.
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