Dear friends & Colleagues,
Please comment on the issue.
One of my client is a developer. He has made agreement with land owner to build an appartment on the said land. All expenses will be incurred my developer. In consideration of expenses incurred, developer will get 60% of the rights in the appartment. Please suggest whether AS7 will be applicable on the developer. Please elaborate in detail.
AS9 applicble for developers.AS7 applicable for contractors engaged in construction
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