Capital gain on immovable property
This query is : Resolved
Abhinand Saxena
(Querist)
17 April 2014
Hello friends,
Here I like to discuss the taxability of Capital Gains in the following situation...
1. Mr A the owner of land has executed a registered power of attorney in favour of Mr. B.
2. Mr B has sold this land to Mr.C through POA.
I like to know that who will be liable for capital gains tax?? Mr A or Mr. B?
Here I like to discuss the taxability of Capital Gains in the following situation...
1. Mr A the owner of land has executed a registered power of attorney in favour of Mr. B.
2. Mr B has sold this land to Mr.C through POA.
I like to know that who will be liable for capital gains tax?? Mr A or Mr. B?
Rupesh Jain
(Expert)
17 April 2014
owner or property is mr A then B is working on behalf of MR A then MR A will responsible for tax on capital gain.
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