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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

12 May 2023 The fair market value of the property as on April 1, 2001 is to be taken.



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