Dear experts,
What is the guidance on Form 26QB for plot purchased under power of attorney
Thank you.
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Form 26qb on plot purchased via Power of attorney
Replies (7)
Quick Summary
Post details of plot purchased.
form 26qb purchased for flat which is a seperate distinction.
form 26qb purchased for flat which is a seperate distinction.
Thank you Sabyasachi. Could you please also guide if the plot sold through power of attorney then obviously there is no registry and no stamp duty paid. In that case how to show capital gains in the ITR filing
Who told ???
Sorry for confusion. I mean for example in Gurgaon, Plots registry and sale deed is stopped in many areas/unauthorized colonies. So in such scenarios people are doing buying and sale through Power of attorney
Any guidance please? Thank you
Lakesho
this is not within the purview of taxation. obviously some circulars are there in such areas.
this is not within the purview of taxation. obviously some circulars are there in such areas.
Thank you Sabyasachi. I mean end of the day person is receiving amount from a transaction (though through POA in this case) and would have to shows in ITR. That's the thing, how does capital gains and 26 QB is shown in such transactions to be income tax compliant
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