Sudersan Rao 17 February 2017

Confirming party while registering a property.

sir,

I had entered into a Regd Agreement with A and paid fully but not registered.

I had taken Regd Power of Attorney in the name of B to sell.

A is the owner. I am C , agreement holder . Now I would like to sell it to D.

Keeping A & B as Vendors and me C as Confirming party ,D_ is Buyer

Can C get the full consideration? C got an affidavit signed by original owner authorizing to pay

the full amount to C.

My Doubts:: C provides PAN number . Would like to pay capital gains tax also in full.

Will Sub registrar send info to IT about original owner or will he oblige to send C as beneficiary.

I do not want the original owner to get IT Notice .

Kindly clarify,

Thank you,

Rao.

Adv. K.S.A.Narasimha Rao (legalquestadvisor@gmail.com ) 18 February 2017

Dear Sudersan Rao,

First of all you are the agreement holder, but you are not the owner.

The owner has already appoint "B" as Attorney holder, basing on the contents of the GPA and AOS, it depends to draft the Sale Deed.

Basing the contents of the documents, it depends IT officials to seek for income tax payment.