Friday, May 1, 2020

GPA Holder not liable for Income Tax on Sale of Property: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) held that the sale of the property by the Vendee cum Agreement of General Power of Attorney (AGPA) holder cannot be considered as “sale” for the purpose of imposing a capital gain tax for the purpose of Income Tax Act, 1961 since the assessee is neither a signatory to […]

from Taxscan | Simplifying Tax Laws https://ift.tt/35m07Nz

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