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LTCG, TDS for transfer through GPA

Others 368 views 1 replies

Sir,

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.

Thanks.

Replies (1)

1. TDS over PAN of A

2.  Yes..

3. Seller is A for transaction A to C..in respective year of final transaction...

4. Yes...


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