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land sale and capital gain implications
I have a land and which is achieved from a another person. But land is belong to co operative and only power of attorney I got from seller. in crux it is not acuired from co operative directly. now I want to sale this land and i want to receive all consideration in my bank account. I want to know that what is the tax implications on this transaction and how can I deal it?
Replies (1)
when the land was owned by society, how could the seller give you power ? poa should be executed by the society and here society is the principal
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