COMBO | Maharashtra RERA Law & Practice and Taxation of Real Estate Developers & Joint Development Arrangements with Accounting Aspects

The Present Publication is the 4th Edition, amended by the Finance Act 2021 & authored by Dr. Raj K. Agarwal & Dr. Rakesh Gupta. The noteworthy features of this book are as follows:

• Income Tax
• [Critical Income Tax Issues] relating to joint development arrangement of real estate
• In the case of the land owner
• In the case of a real estate developer
• Income Tax issues relating to the determination of year of transfer of capital asset and value of sale consideration in the case of joint development of the real estate, particularly when joint development agreement is drafted in a complex manner
• [Analysis] of the following Provisions:
• Deeming provisions of Sections 43CA, 50C, 56(2)(x)(b) & 23(5)
• Section-80-IBA granting deduction to developers for the construction of affordable housing
• Section 2(47) | Definition of "Transfer" of capital asset/Section 45(2)
• Conversion of capital asset into stock-in-trade/Section 50D
• Fair Market Value deemed to be Full Value of consideration
• [Analysis of provision of newly introduced sub-section (5A) to Section 45] of the Income Tax Act, 1961
• [Attraction of Capital Gains Tax Liability] in case of transfer of Agricultural Land
• [Analysis of Various Judgments of ITAT & High Courts] applicable to the Land Owner and Real Estate Developer in the case of Joint Development of Real Estate
• Accounting Aspects
• [In Depth Analysis of Guidance Note on Accounting for Real Estate Transactions] (Revised 2012) issued by the ICAI, applicable to Real Estate Developer
• [Analysis of Applicability of Principle of Revenue Recognition] to Real Estate Developer at different points of time.
• [Analysis of Applicability of Income Recognition] to Real Estate Developer under IFRS & ICDS Regime.