TAXMANN’S COMBO | Maharashtra RERA Law & Practice and Taxation of Real Estate Developers & Joint Development Arrangements with Accounting Aspects By Ramesh S. Prabhu , Kaushik Sampat , S.S. Sandhu , Gautam Chatterjee , Sumant Kolhe , B.D. Kapadnis , D.R. Hadadare , Raj K. Agarwal , Rakesh Gupta

Taxmann’s Combo is for the following books:

• Maharashtra RERA Law & Practice by WIRC of ICAI
• Taxation of Real Estate Developers & Joint Development Arrangements with Accounting Aspects by Dr. Raj K. Agarwal & Dr. Rakesh Gupta

The key features of these books are as follows:

Maharashtra RERA Law & Practice

WIRC’s Maharashtra RERA Law & Practice covers the Real Estate Regulating Authority Act (RERA) along with Rules, Regulations, Notifications, Circulars & relevant Case Laws for complying with the provisions of RERA. The book aims to organise the learnings of RERA implementation (since its inception) & correlating the legal provisions (such as Circulars, Orders, etc.) to give a complete picture of the law

This book incorporates the perspectives of the following stakeholders:

• Representatives of Self-Regulating Organisations
  • Brihanmumbai Developers Association
  • CREDAI-MCHI
  • NAREDCO
  • Builders Association of India
• Representatives of Association of Allottees & Professional Bodies
  • PEATA
  • Bar Association of MahaRERA & MahaREAT
  • Members of WIRC of ICAI
  • Mumbai Grahak Panchayat
  • Confederation of Residents Welfare Association
  • Maharashtra Cooperative Housing Federation Ltd.
  • Maharashtra Societies Welfare Association
  • Mumbai District Cooperative Housing Federation
  • Women Legal Forum for CHS
  • Engineers Associations

This book will be helpful to the following:

• Chartered Accountants
• Advocates
• Promoters & Investors
• Real Estate Agents
• Allottees (including Association of Allottees), Flat Purchasers
• Policy Makers, RERA Authorities & Officials from the RERA Appellate Tribunal
• Engineers
• Contractors & Architects
• Project Management Consultants
• Developers & Development Managers

The Present Publication is the 1^st Edition, authored by the study group of industry experts & representatives from all stakeholders, edited by CA Ramesh S. Prabhu & co-edited by CA Kaushik Sampat, reviewed under the guidance of Hon’ble Shri S.S. Sandhu, Shri. Gautam Chatterjee, Shri. Sumant Kolhe, Shri. B.D. Kapadnis & Shri. D.R. Hadadare, with the following noteworthy features:

• [Coverage of each aspect of Real Estate Transactions] with the following:
  • Necessary legal provisions
  • Steps & prescribed procedures for compliance (Standard Operating Procedures)
  • The consequential risk of violation and inviting penal actions
  • FAQs and the Judicial Rulings have been included to make the manual relevant and practice-oriented
  • Covering representation aspects of appearing before the Real Estate Regulatory Authority, Adjudicating Officer, Real Estate Appellate Tribunal
• [Practical Manual in Simple Language] with the discussion of the provisions along with Rules, Orders, Regulations, and applicable Circulars for each particular chapter
• [Practical Ready Referencer] The various formats, drafts and specimen are included in the manual, where the practitioner may accordingly decide to change the draft considering the facts and the relief claimed
• [360° Coverage] This book covers the legal and practical aspects of Maharashtra RERA along with other legal provisions affecting the real estate transaction such as:
  • Income-tax Act
  • Goods & Services Act
  • Insolvency & Bankruptcy Code
  • Consumer Protection Act
  • Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act
  • Maharashtra Apartment Ownership Act
  • Transfer of Property Act, Stamp Duty & Registration
  • Prevention of Money Laundering Act
  • Foreign Exchange Management Act
  • Monopolistic and Restrictive Trade Practices Act
  • Development Control and Promotion Regulation

Taxation of Real Estate Developers & Joint Development Arrangements with Accounting Aspects

A Complete Guide to all matters pertaining to Taxation of Real Estate Developers & Joint Development Arrangements from an income tax & accounting perspective.

The Present Publication is the 4^th 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.

• PUBLISHER – TAXMANN
• DATE OF PUBLICATION – SEPTEMBER 2021
• EDITION – 2021
• ISBN NO – 9789391596552, 9789390831326
• AUTHOR – RAMESH S. PRABHU , KAUSHIK SAMPAT , S.S. SANDHU , GAUTAM CHATTERJEE , SUMANT KOLHE , B.D. KAPADNIS , D.R. HADADARE , RAJ K. AGARWAL , RAKESH GUPTA