Menu
Property transactions vs GPA.
Sir, one of my client is entering in to buy one plot worth of Rs. 80 lakhs from the GPA holder. So, as per the recent SC Judgement, any transactions that are executed by the GPA is not valid, but still in the field/market, people are not very cautious about that judgment and entering in to such an agreements for sale /sale deed through such GPA’s. Kindly advice on that sir.
Replies (2)
You can deal with attorney on behalf of the owner, but it has to be registered.
The ban is over the transactions being held just with power without its registration; where there is no where-about of owner.
Even now a person can give power to an attorney to deal with prospective buyer, but deal gets transacted between the owner (through attorney) and the purchaser.
Thank you sir.
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
