Taxmann’s Taxation of Real Estate Developers & Joint Development Arrangements with Accounting Aspects – Covering tax issues relating to land owners/developers with Case Laws [Finance Act 2022] PDF Download

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Taxmann’s Taxation of Real Estate Developers & Joint Development Arrangements with Accounting Aspects – Covering tax issues relating to land owners/developers with Case Laws [Finance Act 2022]

Taxmann’s Taxation of Real Estate Developers & Joint Development Arrangements with Accounting Aspects – Covering tax issues relating to land owners/developers with Case Laws [Finance Act 2022] PDF Author: Dr. Raj K. Agarwal
Publisher: Taxmann Publications Private Limited
ISBN: 9356220352
Category : Law
Languages : en
Pages : 41

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Book Description
This book is a complete guide to all matters pertaining to the taxation of real estate developers & joint development arrangements from an income tax & accounting perspective. This book addresses the tax issues relating to the following: • Land Owner • Developer • Other Stakeholders such as Flat Owner or Buyer of Real Estate The Present Publication is the 5th Edition, authored by Dr Raj K. Agarwal & Dr Rakesh Gupta. This book is amended by the Finance Act, 2022 with the following noteworthy features: • [Critical Income Tax Issues] relating to the following are covered: o Determination of year of transfer of capital asset o Value of sale consideration in the case of joint development of the real estate, particularly when a joint development agreement is drafted in a complex manner • [Analysis of Provisions] o Section 2(47), i.e., the definition of ‘Transfer’ of Capital Asset o Section 45(2), i.e., the Conversion of Capital Asset into Stock-in-trade o Section 50D, i.e., the Fair Market Value deemed to be Full Value of Consideration o Deeming Provisions of Sections 43CA, 50C, 56(2)(x)(b) & 23(5) o Section 80-IBA, i.e., the granting of deductions to developers for the construction of affordable housing • [Analysis Chargeability of Capital Gains on Transfer of Asset in the hands of Land Owner] under 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 • [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 the Principle of Revenue Recognition] to Real Estate Developer at different points in time • [Analysis of Applicability of Income Recognition] to Real Estate Developer under IFRS & ICDS Regime The detailed contents of the book are as follows: • Joint Development Arrangement for Real Estate • Tax Issues for Real Estate Developers • History of Accounting Standards Applicable to Real Estate Developers • Analysis of Guidance Note on Accounting for Real Estate Transactions (Revised 2012) • Revenue Recognition for Real Estate Developers under IFRS • Impact of Income Computation and Disclosure Standards (ICDS) • Tax Issues for Real Estate Owners • Capital Asset vs Business Asset • Analysis of Provisions of Section 45(2) regarding Conversion of Capital Asset into Stock in Trade • Analysis of Provisions of Section 2(47) • Analysis of Provisions of Section 50D • Analysis of Provision of Section 45(5A) • Taxability of Capital Gain Arising on Transfer of Agriculture Land • Analysis of the Provisions of Section 50C, Section 43CA, Section 56(2)(x)(b) & Section 23(5) • Analysis of Provisions of Section 80-IBA

Taxmann’s Taxation of Real Estate Developers & Joint Development Arrangements with Accounting Aspects – Covering tax issues relating to land owners/developers with Case Laws [Finance Act 2022]

Taxmann’s Taxation of Real Estate Developers & Joint Development Arrangements with Accounting Aspects – Covering tax issues relating to land owners/developers with Case Laws [Finance Act 2022] PDF Author: Dr. Raj K. Agarwal
Publisher: Taxmann Publications Private Limited
ISBN: 9356220352
Category : Law
Languages : en
Pages : 41

View

Book Description
This book is a complete guide to all matters pertaining to the taxation of real estate developers & joint development arrangements from an income tax & accounting perspective. This book addresses the tax issues relating to the following: • Land Owner • Developer • Other Stakeholders such as Flat Owner or Buyer of Real Estate The Present Publication is the 5th Edition, authored by Dr Raj K. Agarwal & Dr Rakesh Gupta. This book is amended by the Finance Act, 2022 with the following noteworthy features: • [Critical Income Tax Issues] relating to the following are covered: o Determination of year of transfer of capital asset o Value of sale consideration in the case of joint development of the real estate, particularly when a joint development agreement is drafted in a complex manner • [Analysis of Provisions] o Section 2(47), i.e., the definition of ‘Transfer’ of Capital Asset o Section 45(2), i.e., the Conversion of Capital Asset into Stock-in-trade o Section 50D, i.e., the Fair Market Value deemed to be Full Value of Consideration o Deeming Provisions of Sections 43CA, 50C, 56(2)(x)(b) & 23(5) o Section 80-IBA, i.e., the granting of deductions to developers for the construction of affordable housing • [Analysis Chargeability of Capital Gains on Transfer of Asset in the hands of Land Owner] under 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 • [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 the Principle of Revenue Recognition] to Real Estate Developer at different points in time • [Analysis of Applicability of Income Recognition] to Real Estate Developer under IFRS & ICDS Regime The detailed contents of the book are as follows: • Joint Development Arrangement for Real Estate • Tax Issues for Real Estate Developers • History of Accounting Standards Applicable to Real Estate Developers • Analysis of Guidance Note on Accounting for Real Estate Transactions (Revised 2012) • Revenue Recognition for Real Estate Developers under IFRS • Impact of Income Computation and Disclosure Standards (ICDS) • Tax Issues for Real Estate Owners • Capital Asset vs Business Asset • Analysis of Provisions of Section 45(2) regarding Conversion of Capital Asset into Stock in Trade • Analysis of Provisions of Section 2(47) • Analysis of Provisions of Section 50D • Analysis of Provision of Section 45(5A) • Taxability of Capital Gain Arising on Transfer of Agriculture Land • Analysis of the Provisions of Section 50C, Section 43CA, Section 56(2)(x)(b) & Section 23(5) • Analysis of Provisions of Section 80-IBA