Capital Gains

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  1. B S Mani

    B S Mani New Member

    My friend is about 85 years old. He owns a flat in chennai and made a settlement deed in favour of both his sons. Both the sons are USA citizens. Now my friend is unable to take care of himself, and so is moving permanently to his sons' place of residence in USA, and so, they want to sell this property. Can they do this through giving a POA to their father? Will this attract capital gains tax here in India?
     
  2. B S Mani

    B S Mani New Member

    I await your reply to my query.
    Thanks,
    B S Mani
     
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