TaxTMI 
TaxTMI 
The property was purchased by GPA in 2003 from one party by some 'X' person. But the same was registered by GPA holder Mr. X to Mr X in his individual name (both are same person only i.e, GPA holder vs. Individual) during the year 2007-08. Pl. let me know, whether Capital Gain will be attracted on these transaction
Capital Gain on GPA transactions
19 Sep 2014 
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Capital gains tax: whether registering property held under a power of attorney in the holder's name triggers tax liability.
Whether registering immovable property held under a General Power of Attorney in the GPA holder's own name constitutes a taxable capital gains transfer: facts allege acquisition via GPA in 2003 and registration in the GPA holder's individual name in 2007-08; key issues are whether beneficial ownership changed earlier or upon registration and whether registration itself triggers a capital gains realization. (AI Summary)
Whether registering immovable property held under a General Power of Attorney in the GPA holder's own name constitutes a taxable capital gains transfer: facts allege acquisition via GPA in 2003 and registration in the GPA holder's individual name in 2007-08; key issues are whether beneficial ownership changed earlier or upon registration and whether registration itself triggers a capital gains realization. (AI Summary)