Years: A cooperation agreement is an agreement between an owner of the property and a client/developer. If it is a JDA, i.e. joint development agreement, the income is taxed in the year in which you receive the closing certificate. If the owner of the property sells the part of the property that he acquired under the cooperation contract within three years of the acquisition, the exemption taken by the owner in respect of the construction of real estate is withdrawn in the year of the sale of his share and the income is treated as a short-term capital gain in the year of sale. The capital gain is taxable when the graduation certificate is issued, and the consideration for the sale is the value of the stamp duty/market value of the dwellings and the acquisition cost are shares of dwellings in land or fmv of land if you bought them before 2001. 1) Contact a local stamp seller. Adv. Katta Vijayawada CLICK LIKE crosses her fingers in like Button to encourage my legal points…