Capital gains tax in case of joint venture
This query is : Resolved
14 August 2013
Dear Sir,
A person entered in to agreement of joint venture,for developing houses, wherein the share of landlord and developer is 40 : 60,
My quiery is for the purpose of calculaiton of Capital Gain shall we take full 100% of stamp duty value or only 40% of stamp duty vale on date of agreement.
tahnking in advance,
regards
mani
A person entered in to agreement of joint venture,for developing houses, wherein the share of landlord and developer is 40 : 60,
My quiery is for the purpose of calculaiton of Capital Gain shall we take full 100% of stamp duty value or only 40% of stamp duty vale on date of agreement.
tahnking in advance,
regards
mani
14 August 2013
You should take stamp duty of only 40%.
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