Capital gain

This query is : Resolved

shyam (Querist)
Follow

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

K Srinivas, CMA CS (Expert)
Follow

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

K Srinivas, CMA CS (Expert)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SHYAM SUNDER GULATI

Shubham Jain

Aakash Kumar

Tia Blair

yadagiri

Subscribe Now

Capital gain

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

GST CONSULTANT

GST CONSULTANCY

Accountant

Manager- Finance and Compliance

CA Final