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Power of attorney holder slapped with ₹29 lakh LTCG tax after property sale: ITAT decides who should pay

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India

Power of attorney holder slapped with ₹29 lakh LTCG tax after property sale: ITAT decides who should pay — Sources: Livemint

A recent ITAT ruling has raised an important question for property transactions. Does holding a power of attorney make you liable for capital gains tax when the property is sold? The case draws a clear line between the authority to sell a property and ownership.

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