Question ID :
40929
SALE OF LAND AFTER PLOTTING BY POWER OF ATTORNY HOLDER
A(GRANDFATHER)
B(GRANDSON)
A MADE A POWER OF ATTORNY IN THE NAME OF B.
B SOLD CERTAIN PART OF THE LAND IN PLOTS I.E AFTER PLOTTING
A DOESNOT HAVE PAN NO.
IN ALL THE SALE DEED(BENAMAS) B's NAME is SHOWN AS HOLDER OF POWER OF ATTORNY ALONG WITH HIS PAN NO.
NOW A IS NO MORE & HIS ONLY LEGAL HEIR IS B .THEN HOW SHOULD THIS BE REFELECTED IN ITR OF B ?
Posted by
ARIHANT JAIN
on
Dec 26, 2020
Filed Under
Capital Gains
Income has to be assessed in the hands of 'A.' since 'A' is no more 'B' has to file the return of 'A' in the capacity of a representative assessee.
Posted by
B.CHACKRAPANI WARRIER on
Dec 30, 2020
Answer ID :
80873
Power of attorney is not ainstrument of transfer in any right, title or interest in any immovable property. The power of attorney is a agency the grantor authorizes the grantee to acts specified therein, on behalf of grantor, which when executed will be binding on the grantor as if done and by him.
Posted by
Hari Beldona on
Jan 10, 2021
Answer ID :
80874
If grand father doesn't have PAN let him apply for the same do not have PAN is not filing ITR
Posted by
Hari Beldona on
Jan 10, 2021