Dear All Experts, one of my known one want to sell land, and he have Power of Attorney, but dont have land in his name. So what will be tax Implication if he take all sale proceeds by using his Power of Attorney. plz help
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Quick Summary
This discussion explores the income tax implications when selling land via a Power of Attorney (POA). The core question is whether the POA holder, who doesn't own the land, faces tax implications if they receive the sale proceeds directly into their name. Experts suggest that payments should ideally be made to the actual owner, implying potential tax liabilities for the POA holder if they receive the funds directly.