Is capital gain applicable on development agreement
This query is : Resolved
20 July 2022
a person made an development agreement with a developer on dated march 2022 for developing a unit of flat on his land which is bought by his father on Feb 2006, the agreement is 30% for him and 70% of the developer of the total development.
Please guide me is capital gain is applicable? in this scenario
Please guide me is capital gain is applicable? in this scenario
20 July 2022
Capital gains arises when completed units are handed over to the land owner.
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