land acquired through power of attorney

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....and acquired through power of attorney<br> Query (Issue) Started By: - satbir singh wahi Dated:- 24-7-2016 Last Reply Date:- 27-7-2016 Income Tax<br>Got 2 Replies<br>Income Tax<br>land acquired throug....

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....h power of attorney, is sold through registered deed, whether this transaction is valid for calculating capital gain under income tax act. Reply By Ganeshan Kalyani: The Reply: Sir, transfer of titl....

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....e and receipt of consideration is the element to work out capital gain. The mode of transfer is not given in the Income Tax Act. Thanks Reply By satbir singh wahi: The Reply: Sir Thks But the IT ....

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....dept says that you have acquired land though power of attorney and agreement , which is not right so benefit of LTCG be not given. Though we had possession and rental income was also declared for four....

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.... years and then sold .<br> Discussion Forum - Knowledge Sharing ....