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Prabhu ( )     24 October 2011

Poa and income tax

Hi Experts,


        A land broker has POA from Person A to sell his land and when we checked to buy it, He is asking Broker commision + Income tax amount form the profit obtained from the sales as commision for the deal.


       Does a person who got POA to sell others property needs to pay tax for the profit obtained from selling that property?

       Should Broker register the POA in register office?

 

Thanks

Prabhu



Learning

 1 Replies

adv. rajeev ( rajoo ) (practicing advocate)     24 October 2011

Go thru., the recent suprement court judgement in respect of GPA


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