I got and agreement done for buying a plot of land in 7 months time by paying 25 % of the amount. As per the agreement I can buy the land or name someone who can buy it. If I name someone who wants to buy it how will the profit I receive from him be termed...capital gains or unaccounted money because I did not own the land and the profit is just for transferring the option to buy it to some one who is giving me a decent profit. Please help. I am an NRI and do not have any taxable income. Thanks.
