Direct tax
This query is : Resolved
05 August 2015
Sir,
My Client Mr.X resides in U.S. He gave his parents power of attorney on his land in India. Now that property was sold.Whether the Capital Gain was Taxed under Mr.X or to his parents.
Also Consideration Amount transfered to Mr.X Bank A/c, later it was transfered to his parents A/c.
My Client Mr.X resides in U.S. He gave his parents power of attorney on his land in India. Now that property was sold.Whether the Capital Gain was Taxed under Mr.X or to his parents.
Also Consideration Amount transfered to Mr.X Bank A/c, later it was transfered to his parents A/c.
05 August 2015
the owner is Mr x and merely giving power to parents wont shift capital gain so mr x will have to pay cap gain
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05 August 2015
If Mr.X is NRI, then who will bear capital gain tax
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