Capital Gains under Joint Development Agreement
This query is : Resolved
12 May 2023
The Assessee has given their plot to Develop to a builder under a Registered Joint Development Agreement executed in the year Apr 2021. The said plot was purchased in the year 1980.
Query:
Should the Assessee take the Fair Market Value or stamp duty value as on 01.04.2001 for the purpose of calculation of capital gain?
Thanks & Regards
Query:
Should the Assessee take the Fair Market Value or stamp duty value as on 01.04.2001 for the purpose of calculation of capital gain?
Thanks & Regards
CA R SEETHARAMAN
(Expert)
12 May 2023
The fair market value of the property as on April 1, 2001 is to be taken.
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