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Erase Development Agreement

Erase Development Agreement

Aug 6th, 2022

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How to Erase Development Agreement

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53 votes

The video discusses a joint development agreement as a new type of development transaction. It describes a scenario where a builder offers a property owner ₹25 lakhs in cash and two new flats in exchange for a prime property. The owner agrees, leading to the signing of an agreement and the builder taking possession. Construction of a new apartment begins, resulting in the completion of the project. The builder retains two flats for himself and sells four flats to recover costs. Taxation for this transaction involves calculating capital gains by subtracting the purchase or acquisition cost from the total value.

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