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Capital gains

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(Querist)
27 April 2014 Sale of property without registration is a valid transfer u/s 2(47)??
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
27 April 2014 Yes, for the purpose of capital gains, transfer is treated as complete with delivery of possession and when agreement to sell/buy immovable property is entered into.
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Pranav Peddi

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Pranav Peddi (Querist)
28 April 2014 Thank you sir,
this is the case
1.X sold a land to Y 7 years back through an unregistered agreement of sale.
2.Y gave said the land to the builder and made a development agreement cum GPA along with X mentioning the facts in the recital of the development agreement cum GPA.
3.Y made an UN-registered gift deed in favor of his son(Z) 1 year back and intimated to the builder to deliver the allotted houses to Z.
4.Now Z wants to sell the houses adding the X and Y as the co-vendors in the recital and take the entire sale consideration in favor of Z.
QUERY:-
NOW WHO WILL BE ATTRACTED TO CAPITAL GAINS
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