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Cost of land under rera in joint development agreement
what is the value of cost of land to be reported by chartered accountant in the certificate when devloper developing the project under joint development agreement
Replies (3)
FMV OF THE LAND AS ON THE DATE OF AGREEMENT OR VALUE AS PER CIRCLE RATE, WHICHEVER HIGHER.
But actual cost to the developer is cost of construction of units that has given to land owner
Correct, but the details given in the form 3 are based on total project cost, as per AS 29 ....
Refer the attachment for more clarification.
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