44:["$","title",null,{"children":"Impact of Indian Union Budget 2024 on Real Estate Taxation | Rithwik Anand | Observable"}] 4c:T1dbe,f = { //Finance.js //For more information, visit http://financejs.org //Copyright 2014 - 2015 Essam Al Joubori, MIT license // Instantiate a Finance class var Finance = function() {}; // Present Value (PV) Finance.prototype.PV = function (rate, cf1, numOfPeriod) { numOfPeriod = typeof numOfPeriod !== 'undefined' ? numOfPeriod : 1; var rate = rate/100, pv; pv = cf1 / Math.pow((1 + rate),numOfPeriod); return Math.round(pv * 100) / 100; }; // Future Value (FV) Finance.prototype.FV = function (rate, cf0, numOfPeriod) { var rate = rate/100, fv; fv = cf0 * Math.pow((1 + rate), numOfPeriod); return Math.round(fv * 100) / 100; }; // Net Present Value (NPV) Finance.prototype.NPV = function (rate) { var rate = rate/100, npv = arguments[1]; for (var i = 2; i < arguments.length; i++) { npv +=(arguments[i] / Math.pow((1 + rate), i - 1)); } return Math.round(npv * 100) / 100; }; // seekZero seeks the zero point of the function fn(x), accurate to within x \pm 0.01. fn(x) must be decreasing with x. function seekZero(fn) { var x = 1; while (fn(x) > 0) { x += 1; } while (fn(x) < 0) { x -= 0.01 } return x + 0.01; } // Internal Rate of Return (IRR) Finance.prototype.IRR = function(cfs) { var args = arguments; var numberOfTries = 1; // Cash flow values must contain at least one positive value and one negative value var positive, negative; Array.prototype.slice.call(args).forEach(function (value) { if (value > 0) positive = true; if (value < 0) negative = true; }) if (!positive || !negative) throw new Error('IRR requires at least one positive value and one negative value'); function npv(rate) { numberOfTries++; if (numberOfTries > 1000) { throw new Error('IRR can\'t find a result'); } var rrate = (1 + rate/100); var npv = args[0]; for (var i = 1; i < args.length; i++) { npv += (args[i] / Math.pow(rrate, i)); } return npv; } return Math.round(seekZero(npv) * 100) / 100; }; // Payback Period (PP) Finance.prototype.PP = function(numOfPeriods, cfs) { // for even cash flows if (numOfPeriods === 0) { return Math.abs(arguments[1]) / arguments[2]; } // for uneven cash flows var cumulativeCashFlow = arguments[1]; var yearsCounter = 1; for (let i = 2; i < arguments.length; i++) { cumulativeCashFlow += arguments[i]; if (cumulativeCashFlow > 0) { yearsCounter += (cumulativeCashFlow - arguments[i]) / arguments[i]; return yearsCounter; } else { yearsCounter++; } } }; // Return on Investment (ROI) Finance.prototype.ROI = function(cf0, earnings) { var roi = (earnings - Math.abs(cf0)) / Math.abs(cf0) * 100; return Math.round(roi * 100) / 100; }; // Amortization Finance.prototype.AM = function (principal, rate, period, yearOrMonth, payAtBeginning) { var numerator, denominator, am; var ratePerPeriod = rate / 12 / 100; // for inputs in years if (!yearOrMonth) { numerator = buildNumerator(period * 12); denominator = Math.pow((1 + ratePerPeriod), period * 12) - 1; // for inputs in months } else if (yearOrMonth === 1) { numerator = buildNumerator(period) denominator = Math.pow((1 + ratePerPeriod), period) - 1; } else { console.log('not defined'); } am = principal * (numerator / denominator); return Math.round(am * 100) / 100; function buildNumerator(numInterestAccruals){ if( payAtBeginning ){ //if payments are made in the beginning of the period, then interest shouldn't be calculated for first period numInterestAccruals -= 1; } return ratePerPeriod * Math.pow((1 + ratePerPeriod), numInterestAccruals); } }; // Profitability Index (PI) Finance.prototype.PI = function(rate, cfs){ var totalOfPVs = 0, PI; for (var i = 2; i < arguments.length; i++) { var discountFactor; // calculate discount factor discountFactor = 1 / Math.pow((1 + rate/100), (i - 1)); totalOfPVs += arguments[i] * discountFactor; } PI = totalOfPVs/Math.abs(arguments[1]); return Math.round(PI * 100) / 100; }; // Discount Factor (DF) Finance.prototype.DF = function(rate, numOfPeriods) { var dfs = [], discountFactor; for (var i = 1; i < numOfPeriods; i++) { discountFactor = 1 / Math.pow((1 + rate/100), (i - 1)); let roundedDiscountFactor = Math.ceil(discountFactor * 1000)/1000; dfs.push(roundedDiscountFactor); } return dfs; }; // Compound Interest (CI) Finance.prototype.CI = function(rate, numOfCompoundings, principal, numOfPeriods) { var CI = principal * Math.pow((1 + ((rate/100)/ numOfCompoundings)), numOfCompoundings * numOfPeriods); return Math.round(CI * 100) / 100; }; // Compound Annual Growth Rate (CAGR) Finance.prototype.CAGR = function(beginningValue, endingValue, numOfPeriods) { var CAGR = Math.pow((endingValue / beginningValue), 1 / numOfPeriods) - 1; return Math.round(CAGR * 10000) / 100; }; // Leverage Ratio (LR) Finance.prototype.LR = function(totalLiabilities, totalDebts, totalIncome) { return (totalLiabilities + totalDebts) / totalIncome; }; // Rule of 72 Finance.prototype.R72 = function(rate) { return 72 / rate; }; // Weighted Average Cost of Capital (WACC) Finance.prototype.WACC = function(marketValueOfEquity, marketValueOfDebt, costOfEquity, costOfDebt, taxRate) { let E = marketValueOfEquity; let D = marketValueOfDebt; let V = marketValueOfEquity + marketValueOfDebt; let Re = costOfEquity; let Rd = costOfDebt; let T = taxRate; var WACC = ((E / V) * Re/100) + (((D / V) * Rd/100) * (1 - T/100)); return Math.round(WACC * 1000) / 10; }; // PMT calculates the payment for a loan based on constant payments and a constant interest rate Finance.prototype.PMT = function(fractionalRate, numOfPayments, principal) { return -principal * fractionalRate/(1-Math.pow(1+fractionalRate,-numOfPayments)) }; // IAR calculates the Inflation-adjusted return Finance.prototype.IAR = function(investmentReturn, inflationRate){ return 100 * (((1 + investmentReturn) / (1 + inflationRate)) - 1); } // XIRR - IRR for irregular intervals Finance.prototype.XIRR = function(cfs, dts, guess) { if (cfs.length != dts.length) throw new Error('Number of cash flows and dates should match'); var positive, negative; Array.prototype.slice.call(cfs).forEach(function (value) { if (value > 0) positive = true; if (value < 0) negative = true; }); if (!positive || !negative) throw new Error('XIRR requires at least one positive value and one negative value'); guess = !!guess ? guess : 0; var limit = 100; //loop limit var guess_last; var durs = []; durs.push(0); //Create Array of durations from First date for(var i = 1; i < dts.length; i++) { durs.push(durYear(dts[0], dts[i])); } do { guess_last = guess; guess = guess_last - sumEq(cfs, durs, guess_last); limit--; }while(guess_last.toFixed(5) != guess.toFixed(5) && limit > 0); var xirr = guess_last.toFixed(5) != guess.toFixed(5) ? null : guess*100; return Math.round(xirr * 100) / 100; }; //Returns Sum of f(x)/f'(x) function sumEq(cfs, durs, guess) { var sum_fx = 0; var sum_fdx = 0; for (var i = 0; i < cfs.length; i++) { sum_fx = sum_fx + (cfs[i] / Math.pow(1 + guess, durs[i])); } for ( i = 0; i < cfs.length; i++) { sum_fdx = sum_fdx + (-cfs[i] * durs[i] * Math.pow(1 + guess, -1 - durs[i])); } return sum_fx / sum_fdx; } //Returns duration in years between two dates function durYear(first, last) { return (Math.abs(last.getTime() - first.getTime()) / (1000 * 3600 * 24 * 365)); } return new Finance() }4d:[] 48:{"id":"6221be41d02b8355","slug":"real-estate-taxation","title":"Impact of Indian Union Budget 2024 on Real Estate Taxation","thumbnail":"78d1ce87b80bac4043d032607072e93187103fa1438d563093f2d6bc5174cbb8","access_level":"public","create_time":"$D2024-08-12T07:32:05.555Z","update_time":"$D2024-08-21T06:25:13.658Z","view_time":null,"first_public_time":"$D2024-08-14T13:02:58.657Z","has_unpublished_edits":null,"fork":false,"stars":0,"starred":false,"owner":{"type":"team","id":"77b49d5139b68ed8","login":"rithwikanand","name":"Rithwik Anand","avatar_url":"https://avatars-next.observableusercontent.com/2d11b8fc94986ebb4c9233d528cbb27cc8b80f1263a7ad00b479736ba2da942f","tier":"starter_2024","bio":"","followed_by_you":false,"follows_you":false},"version":688,"publish_version":null,"role":null,"authored":false,"authors":[{"type":"individual","id":"2e0717d814773a4a","login":"rithwikanand","name":"Rithwik Anand","avatar_url":"https://avatars-next.observableusercontent.com/2d11b8fc94986ebb4c9233d528cbb27cc8b80f1263a7ad00b479736ba2da942f","tier":null,"bio":"","followed_by_you":false,"follows_you":false}],"members":[{"type":"individual","id":"2e0717d814773a4a","login":"rithwikanand","name":"Rithwik Anand","avatar_url":"https://avatars-next.observableusercontent.com/2d11b8fc94986ebb4c9233d528cbb27cc8b80f1263a7ad00b479736ba2da942f","tier":null,"role":"editor"},{"type":"team","id":"77b49d5139b68ed8","login":"rithwikanand","name":"Rithwik Anand","avatar_url":"https://avatars-next.observableusercontent.com/2d11b8fc94986ebb4c9233d528cbb27cc8b80f1263a7ad00b479736ba2da942f","tier":"starter_2024","role":"viewer"}],"comments":[],"custom_thumbnail":false,"trashed":false,"lapsed":null,"subscribed":null,"forks":1,"collection":null,"type":"notebook","body":{"titling":"auto","title":"Impact of Indian Union Budget 2024 on Real Estate Taxation","cells":[{"id":448,"value":"# Impact of Indian Union Budget 2024 on Real Estate Taxation","pinned":false,"hidden":false,"mode":"md","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"","database":"$undefined"},{"id":0,"value":"## Overview\n\nIn the Indian Union Budget 2024, significant changes were made to the taxation of real estate capital gains:\n\n- **Indexation benefits** have been removed.\n- The **capital gains tax rate** has been reduced from 20% to 12.5%.\n\nThis interactive document allows you to explore the impact of these changes on real estate investments by adjusting key variables such as the holding period, inflation rate, and property appreciation.\n\n## Interactive Controls\n\nAdjust the following parameters to see how they affect the tax payable:\n\n- **Holding Period**: Adjust the holding period of the property.\n- **Inflation Rate**: Modify the inflation rate to see how it would have affected indexation under the old regime.\n- **Appreciation Rate**: Set the property appreciation rate to understand its impact on capital gains.","pinned":false,"hidden":false,"mode":"md","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"","database":"$undefined"},{"id":31,"value":"viewof years = Inputs.range([0, 30], { label: 'Holding period (Years)', step: 0.5 })","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":49,"value":"viewof inflation = Inputs.range([0, 20], { label: 'Inflation Rate (%)', step: 0.5, value: 6 })","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":51,"value":"viewof appreciation = Inputs.range([0, 100], { label: 'Appreciation Rate (%)', step: 0.5, value: 7 })","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":461,"value":"## Tax Payable Under Old and New Schemes\n\nThis bar graph compares the tax payable under the old and new schemes, illustrating the overall impact of the 2024 budget changes.","pinned":false,"hidden":false,"mode":"md","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"","database":"$undefined"},{"id":181,"value":"{\n const data = [{ name: 'Old tax scheme', value: tax_old }, { name: 'New tax scheme', value: tax_new }]\n return Plot.plot({\n y: {\n tickFormat: d3.format('.2s'),\n domain: [0, profit_absolute * 0.21],\n label: 'Tax payable',\n },\n x: {\n label: null\n },\n marks: [\n Plot.barY(data, { x: 'name', y: 'value', fill: 'name' }),\n Plot.textY(data , { x: 'name', y: 'value', dy: -20, text: d => d3.format('.0%')(d.value / 100), fontSize: 18, fontWeight: 'bold' }),\n ]\n })\n}","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":489,"value":"## Analysis of Holding Period Impact\n\nThe line chart below shows how the tax payable changes with varying holding periods. This visualization helps in understanding how the removal of indexation benefits particularly affects long-term investments.","pinned":false,"hidden":false,"mode":"md","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"","database":"$undefined"},{"id":518,"value":"Inputs.bind(Inputs.range([0, 30], { label: 'Holding period (Years)', step: 1 }), viewof years)","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":474,"value":"Plot.plot({\n grid: true,\n y: {\n tickFormat: d3.format(\".2s\"),\n label: \"Tax payable (%)\"\n },\n x: {\n label: \"Appreciation (%)\"\n },\n color: {\n domain: [\"new\", \"old\"],\n range: [\"#4269d0\", \"#efb118\"],\n legend: true\n },\n marks: [\n Plot.lineY(appreciation_data, {\n x: \"appreciation\",\n y: \"value\",\n stroke: \"scheme\",\n tip: {\n format: {\n x: (v) => d3.format(\".0%\")(v / 100),\n y: (v) => d3.format(\".0%\")(v / 100)\n }\n }\n })\n ]\n})","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":495,"value":"## Analysis of Appreciation Impact\n\nThis line chart illustrates the relationship between property appreciation and the tax payable under both the old and new schemes. It highlights how the new flat rate affects properties with different levels of appreciation.","pinned":false,"hidden":false,"mode":"md","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"","database":"$undefined"},{"id":522,"value":"Inputs.bind(Inputs.range([0, 100], { label: 'Appreciation Rate (%)', step: 0.5, value: 7 }), viewof appreciation)","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":477,"value":"Plot.plot({\n grid: true,\n y: {\n tickFormat: d3.format(\".2s\"),\n label: \"Tax payable (%)\"\n },\n x: {\n label: \"Years\"\n },\n color: {\n domain: [\"new\", \"old\"],\n range: [\"#4269d0\", \"#efb118\"],\n legend: true\n },\n marks: [\n Plot.lineY(years_data, {\n x: \"years\",\n y: \"value\",\n stroke: \"scheme\",\n tip: {\n format: {\n x: (v) => `${v} Years`,\n y: (v) => d3.format(\".0%\")(v / 100)\n }\n }\n })\n ]\n})","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":588,"value":"## Tax Scheme Benefit Matrix\n\nThe following matrix visually indicates which tax scheme—old or new—would be more beneficial based on different combinations of holding period and property appreciation rates.\n\n- **Green Cells**: Indicate scenarios where the new tax scheme (12.5% flat rate) is more favorable.\n- **Red Cells**: Indicate scenarios where the old tax scheme (with indexation and 20% tax rate) is more favorable.","pinned":false,"hidden":false,"mode":"md","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"","database":"$undefined"},{"id":615,"value":"Inputs.bind(Inputs.range([0, 20], { label: 'Inflation Rate (%)', step: 0.5 }), viewof inflation)","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":638,"value":"{\n const appreciationRange = d3.range(21);\n const yearsRange = d3.range(31);\n\n const data = [];\n\n for (let appreciation of appreciationRange) {\n for (let years of yearsRange) {\n const taxOld = fn_tax_old(appreciation, years, inflation); // Include your actual inflation value here\n const taxNew = fn_tax_new(appreciation, years);\n\n data.push({\n appreciation,\n years,\n taxOld,\n taxNew,\n difference: taxNew - taxOld\n });\n }\n }\n\n return Plot.plot({\n x: {\n label: \"Years\"\n },\n y: {\n label: \"Appreciation (%)\"\n },\n marks: [\n Plot.cell(data, {\n x: \"years\",\n y: \"appreciation\",\n fill: (d) =>\n d.difference < 0 ? \"#008622\" /* Green */ : \"#d41616\" /* Red */,\n title: (d) =>\n `Old Tax: ${d3.format(\".0%\")(d.taxOld / 100)}\\nNew Tax: ${d3.format(\n \".0%\"\n )(d.taxNew / 100)}`,\n tip: \"xy\"\n })\n ]\n });\n}","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":499,"value":"## Summary\n\nThe 2024 budget changes have simplified the tax structure by removing indexation benefits and reducing the tax rate. However, this shift may have different impacts depending on the duration of holding and the appreciation of the property.\n\n**Crucially,** the new tax scheme tends to benefit holders of high-appreciating properties—typically the ultra-rich, such as businessmen and politicians. On the other hand, common people whose properties yield returns close to the inflation rate are likely to suffer the most under this new regime, as they lose the protective effect of indexation against inflation.\n\nThis tool provides a detailed analysis to help investors make informed decisions in light of these changes.\n\n---\n\n---\n\n---","pinned":false,"hidden":false,"mode":"md","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"","database":"$undefined"},{"id":507,"value":"__Data__","pinned":false,"hidden":false,"mode":"md","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"","database":"$undefined"},{"id":67,"value":"principal = 1_00","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":244,"value":"cii = f.FV(inflation, principal, years)","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":247,"value":"sp = f.FV(appreciation, principal, years)","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":61,"value":"profit_absolute = sp - principal","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":251,"value":"profit_indexed = sp - cii","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":173,"value":"tax_old = Math.max(profit_indexed * 0.2, 0)","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":175,"value":"tax_new = Math.max(profit_absolute * 0.125, 0)","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":322,"value":"currency_format = {\n const { format } = Intl.NumberFormat('en-in', { style: 'currency', currency: 'INR', maximumFractionDigits: 0 });\n return format\n}","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":5,"value":"$4c","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":352,"value":"function fn_tax_new(appreciation, years) {\n return Math.max((f.FV(appreciation, principal, years) - principal) * 0.125, 0)\n}","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":355,"value":"function fn_tax_old(appreciation, years, inflation) {\n const cii = f.FV(inflation, principal, years)\n return Math.max((f.FV(appreciation, principal, years) - cii) * 0.2, 0)\n}","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":466,"value":"appreciation_data = d3.range(0, 100, 0.5).flatMap(appreciation => {\n const base = {\n type: 'variable_appreciation',\n appreciation,\n }\n return [\n {\n ...base,\n scheme: 'old',\n value: fn_tax_old(appreciation, years, inflation),\n },\n {\n ...base,\n scheme: 'new',\n value: fn_tax_new(appreciation, years),\n }\n ]\n })","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"},{"id":470,"value":"years_data = d3.range(0, 30, 0.5).flatMap(years => {\n const base = {\n type: 'variable_years',\n years,\n }\n return [{\n ...base,\n scheme: 'old',\n value: fn_tax_old(appreciation, years, inflation)\n }, {\n ...base,\n scheme: 'new',\n value: fn_tax_new(appreciation, years)\n }]\n })","pinned":false,"hidden":false,"mode":"ojs","author":"$undefined","summary":"$undefined","tool":"$undefined","providerMetadata":"$undefined","attachments":"$undefined","output":"$undefined","database":"$undefined"}],"files":"$W4d","stdlib":"1"}} 24:null