LTCG, TDS for transfer through GPA

Viswa nath (Sales professional) (60 Points)

17 January 2023  


If person A gives property to B through GPA (without consideration) & IF B sells to C in next FY.

1. Is TDS to be deducted for A, for Sale (B to C) value > 50 lakhs.

2. Is LTCG applicable to A for the Sale (B to C)

3. Is A to be mention these in his return : Transfer ( GPA A to B)  or Sale (B to C), in respective years of transaction.

4. Till the agent B sells to C, whether A be considered as Title owner.