Capital gain
This query is : Resolved
09 March 2019
House property purchased in F.Y. 1996-97 under GPA. What is the tax (Capital gain) treatment If registered the same in F.Y. 2019-20 in his own name or family member name.
K Srinivas, CMA CS
(Expert)
10 March 2019
Transfer of title of the property doesn't arise when only power of attorney document is executed. Therefore no question of capital gains if the POA is registered
K Srinivas, CMA CS
(Expert)
10 March 2019
On the other hand, if the property itself is registered in the name of the power agent or others, Capital gains will arise in a normal manner.
Power of attorney document when executed with agreement of sale, is treated differently
Power of attorney document when executed with agreement of sale, is treated differently
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