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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

LTCG on sale of property - Power of attorney (POA) holder of the ...


Capital Gains from Property Sale by POA Holder Not Taxable to Non-Resident Assessee Due to Ownership Issues.

August 18, 2018

Case Laws     Income Tax     AT

LTCG on sale of property - Power of attorney (POA) holder of the non-resident assessee - It is clearly evident that those properties are not belonged to the assessee and therefore capital gain arising from those properties cannot be taxed in the hands of the assessee solely on the ground that the person being the real owners have not filed their income-tax returns.

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