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 2023] PDF Download
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Author: Dr. Raj K. Agarwal
Publisher: Taxmann Publications Private Limited
ISBN: 9356227411
Category : Law
Languages : en
Pages : 42
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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 Owners or Buyer of Real Estate The Present Publication is the 6th Edition and has been amended by the Finance Act 2023. This book is authored by Dr Raj K. Agarwal & Dr Rakesh Gupta with the following noteworthy features: • [Critical Income Tax Issues] relating to the following are covered: o Determination of the 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 Assets into Stock-in-trade o Section 50D, i.e., the Fair Market Value deemed to be the 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
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Author: Dr. Raj K. Agarwal
Publisher: Taxmann Publications Private Limited
ISBN: 9356227411
Category : Law
Languages : en
Pages : 42
Get Book Here
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 Owners or Buyer of Real Estate The Present Publication is the 6th Edition and has been amended by the Finance Act 2023. This book is authored by Dr Raj K. Agarwal & Dr Rakesh Gupta with the following noteworthy features: • [Critical Income Tax Issues] relating to the following are covered: o Determination of the 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 Assets into Stock-in-trade o Section 50D, i.e., the Fair Market Value deemed to be the 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
Author: Dr. Raj K. Agarwal
Publisher: Taxmann Publications Private Limited
ISBN: 9364552067
Category : Law
Languages : en
Pages : 39
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Book Description
This book is an authoritative guide that addresses the multifaceted tax and accounting challenges specific to joint development arrangements in the real estate sector. It is helpful for tax professionals, real estate developers, accountants, and legal advisors to understand the complex domain. The Present Publication is the 7th Edition and has been amended by the Finance (No. 2) Act, 2024. This book is authored by Dr Raj K. Agarwal & Dr Rakesh Gupta with the following noteworthy features: • [Comprehensive Analysis] This book covers critical aspects such as: o Determination of the year of transfer o Valuation of sale consideration o In-depth interpretations of key provisions like: § Section 2(47) on the definition of 'Transfer' § Section 45(2) on the conversion of capital assets into stock-in-trade § Section 50D on fair market value considerations • [Key Legal Provisions Explained] o Section 45(5A) – This Section, introduced by the Finance Act, 2017, is important for understanding the chargeability of capital gains on asset transfers in joint development scenarios. The book provides a detailed analysis of this provision, including its practical application and the resulting tax implications for landowners o Deeming Provisions [Sections 43CA, 50C, 56(2)(x)(b), and 23(5)] – A thorough analysis of these sections clarifies their impact on property valuation and taxability, especially within the framework of joint development agreements o Section 80-IBA – The book analyses the eligibility criteria, procedural requirements, and strategic considerations for developers seeking deductions for affordable housing projects • [Judicial Insights and Case Law Analysis] An important feature of the book is its detailed review of recent ITAT and High Courts judicial pronouncements, providing insights into how various tax provisions have been interpreted in real estate contexts. This Section guides practitioners through the nuances of legal precedents, highlighting both established interpretations and areas of ongoing controversy • [Accounting Standards and Revenue Recognition] The book dedicates a substantial portion to addressing accounting challenges specific to real estate developers. It provides an in-depth analysis of the Guidance Note on Accounting for Real Estate Transactions (Revised 2012) issued by the ICAI. It discusses the application of revenue recognition principles under both IFRS and ICDS. Key topics include the timing and methods of revenue recognition, valuation of inventory and work-in-progress, and the impact of income computation standards on financial reporting • [Sector-Specific Tax Challenges] Beyond general tax issues, the book discusses sector-specific scenarios such as the taxability of retention money, demolition costs, rental income from stock-in-trade, and the treatment of advances and cancellations in real estate bookings. It provides practical guidance on how to handle these unique situations, supported by relevant case studies and examples • [Practical Tools | Examples | Case Studies] Designed as a hands-on guide, the book includes practical examples, detailed case studies, and real-world scenarios that illustrate the application of complex tax laws and accounting standards. These valuable tools are intended to help professionals implement best practices in structuring joint development agreements and managing tax compliance effectively • [Updated with Latest Amendments and Controversies] Reflecting the most recent changes brought by the Finance (No. 2) Act, 2024, the book includes a focused discussion on contentious issues arising from Section 45(5A) and other key provisions The structure of the book is as follows: • Nature and Structure of Joint Development Arrangements o Explores the various forms of joint development agreements, their structuring, and the significant tax and legal implications for landowners and developers • Methods of Accounting for Real Estate Developers o Discusses the pros and cons of the Completed Contract Method (CCM) and the Percentage of Completion Method (PCM), including judicial perspectives on the appropriateness of each method • Application of Accounting Standards o Provides detailed guidance on the relevant accounting standards, including AS-7 and AS-9, with specific focus on their applicability and compliance requirements for real estate developers • Impact of ICDS and IFRS on Real Estate Transactions o Examines the implications of Income Computation and Disclosure Standards (ICDS) and International Financial Reporting Standards (IFRS) on the financial and tax reporting of real estate projects • In-depth Analysis of Capital Gains and Other Tax Provisions o Covers the critical tax implications of converting capital assets into business assets, the applicability of Section 50C in property transactions, and strategies for managing capital gains tax liabilities in joint development arrangements • Practical Insights and Case Studies o Real-world case studies and practical insights provide valuable lessons on managing tax liabilities and optimizing accounting practices, making this book a valuable day-to-day reference for professionals
Author: Patrick A. Gaughan
Publisher: John Wiley & Sons
ISBN: 1119380731
Category : Business & Economics
Languages : en
Pages : 819
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Book Description
The essential M&A primer, updated with the latest research and statistics Mergers, Acquisitions, and Corporate Restructurings provides a comprehensive look at the field's growth and development, and places M&As in realistic context amidst changing trends, legislation, and global perspectives. All-inclusive coverage merges expert discussion with extensive graphs, research, and case studies to show how M&As can be used successfully, how each form works, and how they are governed by the laws of major countries. Strategies and motives are carefully analyzed alongside legalities each step of the way, and specific techniques are dissected to provide deep insight into real-world operations. This new seventh edition has been revised to improve clarity and approachability, and features the latest research and data to provide the most accurate assessment of the current M&A landscape. Ancillary materials include PowerPoint slides, a sample syllabus, and a test bank to facilitate training and streamline comprehension. As the global economy slows, merger and acquisition activity is expected to increase. This book provides an M&A primer for business executives and financial managers seeking a deeper understanding of how corporate restructuring can work for their companies. Understand the many forms of M&As, and the laws that govern them Learn the offensive and defensive techniques used during hostile acquisitions Delve into the strategies and motives that inspire M&As Access the latest data, research, and case studies on private equity, ethics, corporate governance, and more From large megadeals to various forms of downsizing, a full range of restructuring practices are currently being used to revitalize and supercharge companies around the world. Mergers, Acquisitions, and Corporate Restructurings is an essential resource for executives needing to quickly get up to date to plan their own company's next moves.
Author: Dr. V. K. Singhania
Publisher:
ISBN: 9788171946020
Category :
Languages : en
Pages : 624
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Book Description
Author: David S. Bright
Publisher:
ISBN: 9781998109166
Category :
Languages : en
Pages : 0
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Book Description
Black & white print. Principles of Management is designed to meet the scope and sequence requirements of the introductory course on management. This is a traditional approach to management using the leading, planning, organizing, and controlling approach. Management is a broad business discipline, and the Principles of Management course covers many management areas such as human resource management and strategic management, as well as behavioral areas such as motivation. No one individual can be an expert in all areas of management, so an additional benefit of this text is that specialists in a variety of areas have authored individual chapters.
Author: Donald DePamphilis
Publisher: Academic Press
ISBN: 0123854857
Category : Business & Economics
Languages : en
Pages : 784
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Book Description
Two strengths distinguish this textbook from others. One is its presentation of subjects in the contexts wherein they occur. The other is its use of current events. Other improvements have shortened and simplified chapters, increased the numbers and types of pedagogical supplements, and expanded the international appeal of examples.
Author: Dr. Rakesh Gupta
Publisher: Friends Publications (India)
ISBN: 9390649803
Category : Education
Languages : en
Pages : 225
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Book Description
Rapid developments in electronic technology have made important effects on Education systems in the world. It is doubtless that new technology has affected both economical system and social and education system. People who plan the future education have to know where this technology inclines to and act considering this. Technology is a powerful mean to re form schools, increase students’ success and makes education effective. In the history of various country's cultures physical education has served people for differing purposes. Since the primitive ages, physical activities have played an important role in the society formally or informally. Physical activities have been needed for a number of reasons; such as, defense, environmental factors and continuing the lives. In some other situations, the most important motive for physical activity has been the longing for a more quality life. It was found that the use of technology in physical education programs increased the motivation to materials offered and learning. Physical education teachers have started to be enthusiastic n using the technology together with the potential of the internet in their class. The results of the studies showed that the use of technology in physical education as a teaching tool could be useful for both the teachers and the students. Technology offers the atmosphere which can provide students autonomous learning.
Author: Denis J. Keenan
Publisher:
ISBN: 9780582438156
Category : Business enterprises
Languages : en
Pages : 530
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Book Description
This introduction to business law provides case studies, diagrams, specimen documents and questions to help the first year undergraduate student understand the subject. It focuses on introductory aspects of English law and the English legal system; the law relating to business organizations, namely sole traders, partnerships and companies; legal aspects of business transactions, covering contract, tort, sale and supply of goods, consumer law and criminal liability in the context of business; and the law relating to employment.
Author: Sarah Riches
Publisher: Longman
ISBN: 9781408254196
Category : Commercial law
Languages : en
Pages : 582
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Book Description
This text is specifically designed for non-law students studying the law relating to business. Maintaining the accessible approach which has made this book so popular, the authors provide user-friendly explanations to equip students with a good understanding of key legal concepts.
Author:
Publisher: Universal Law Publishing
ISBN:
Category :
Languages : en
Pages : 84
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Book Description
