Capital gain sale of urban agriculture land by ganotiya

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2016 In 2011 sales urban agriculture land by Mr. X & Y as a land owner i.e first right( land in the name of Mr. X & Y in 7/12).
In sale agreement and also in 7/12 mention that Mr. Z as Ganotiay i.e second right in land (not owner of land) and for that Mr. Z received some amount as sale consideration .
Whether Mr. Z liable for Capital Gain as a relinquishment of right under income tax ?

Please give reply as soon as possible.

Thanks.

ABHIMANYU JHAMBA

ABHIMANYU JHAMBA (Expert)
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28 July 2016 Where is the land situated. Whether it falls within the jurisdiction of a municipality?
We would require to see the documents to advise further.

Abhimanyu Jhamba
9218999999

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2016 I already mention that Urban Agriculture land