LAWyersclubindia LCI
Login  Register
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

  Start a discussion   Unanswered Report Abuse

Manoj v desai   13 July 2017

Property

Sir I have a property in Gandhidham Kutch. This land is 99yers lease property. One of my friend wants to purchase it through General power of attorney. Now the question is if the property is purchased by gpa can the transaction can be shown for tax purposes


Reply   Follow

Learning

 1 Replies

Siddharth Srivastava

Siddharth Srivastava (Advocate)     13 July 2017

Yes the transaction has to be shown in in yourv retur. If your friend also shown the transaction as he shall be bound to give explanation in regard to make payment to you. Consult a income tax lawyer.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics


View More

Related Threads


Loading
Start a New Discussion Unreplied Threads
Laws Follow us


Popular Discussion


  1. Blackmailing in social media reg.
  2. Defaulting order of decree
  3. Civil suit
  4. Sub registrar denying registration for a
  5. Redevelopment
  6. Right of daughters after receiving stree
  7. Construction agreement and sale agreemen
  8. High interim maintenance provided by fam
  9. Irrevocable power of attorney revocation
  10. share in ancestral immovable properties

view more »



Browse by Category




Stay updated with latest Posts!