Hi,
Many years ago, I purchased a plot of vacant land in the name of my daughter when she was minor, I paid for it and signed as gurdian for my daughter.
Now, My daughter has become major, is married and living with her husband.
I want to sell the land that I had purchased in my daughters name. I have power of atorney from my daughter and will sign on her behalf, I also have joint account with my daughter to receive the sales concideration.
To avoid any tax implications for my daughter, can I provide my pan number in the sale deed instead of hers and/or mention that the sales consideration may be treated as my income as the father or clubbed with my income though my daughter is no longer a minor ?
Thanks for your reply.
CAclubindia
