Sales of property by power of attorney

Tax queries 191 views 1 replies

actually my client like to sale of property through POWER OF ATTORNEY following my queries are 

a) who pay the income tax

b) what is the stamp paper reduce and registration charges reduce

c) how to save unncessary expenses

d) what is the advantage or disadvantage in case sale of property through POWER OF ATTORNEY

 

Replies (1)
Definitiom of transfer under Income Tax Act imcludes transfer by way of power of attorney. Sec 50 C has been amended to include the stamp value assessable.


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