A written authorization to represent or act on another's behalf in private affairs, business, or some other legal matter has been in existence for a long time. In the real estate sector, though, Power of Attorney (POA) has become rampant over the years to evade tax, thereby generating black money . Land and plot transactions under POA are much higher in number than that of flats and houses across the country. Simply said, the person who has authority to execute documents on behalf of the grantor of the power.
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» Today’s Technical Term - Power of Attorney
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