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Collaboration agreement
My client has entered into the collaboration agreement where he constructed the flat and paid some amount to the party and get the possession of portion of flat. and that subsequently that flat is sold by the my client.can the collaboration fees paid is eligible for cost of acquisition?.
Replies (3)
Constructed flat or building?
Constucted the flat
It seems to be business income. Any payment to land owner, construction cost, other expenses are all deductible before arriving net profits.
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