Power of Attorny for Property
This query is : Resolved
27 February 2009
Hi,
If A gives Power of Attorny to B. B in turn sells A's property for 1 Crore.
In this Can A avoid tax liabilty for the sales income from Property.
Thanks in advance.
If A gives Power of Attorny to B. B in turn sells A's property for 1 Crore.
In this Can A avoid tax liabilty for the sales income from Property.
Thanks in advance.
27 February 2009
Hi,
As I can understand from ur case is that, Power of Attorney is a deed only for transferring the right of execution of some documents etc.. It does not take away the ultimtae responsilbility of Tax payment from A, who is the real owner of the Property.
As I can understand from ur case is that, Power of Attorney is a deed only for transferring the right of execution of some documents etc.. It does not take away the ultimtae responsilbility of Tax payment from A, who is the real owner of the Property.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- FORM 26A APPLICABILITY
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
