TMI Blogland acquired through power of attorneyX X X X Extracts X X X X X X X X Extracts X X X X ..... land acquired through 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... = Sir, transfer of title 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 Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly = Sir Thks But the IT 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 inco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me was also declared for four years and then sold . - land acquired through power of attorney - Query Started By: - satbir singh wahi Dated:- 24-7-2016 Income Tax - Got 2 Replies - Income Tax - Dis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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