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Direct tax

This query is : Resolved 
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(Querist)
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.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
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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saitejaswi

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saitejaswi (Querist)
05 August 2015 If Mr.X is NRI, then who will bear capital gain tax
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