Rakesh Gupta and Raj K. Agarwal's book is an authoritative guide to the income taxation of real estate developers and joint development agreements (JDAs). The 9th Edition (2026) covers the transition to the Income-tax Act 2025, mapping each provision of the 1961 Act to its new equivalent for both pending and future assessments.
Its 15 chapters deal with the completed contract versus percentage completion method, the year of transfer in a JDA, whether land is a capital or business asset, the deeming provisions of Sections 50C, 43CA and 56(2)(x), Section 45(5A), affordable housing projects, agricultural land and 'on-money' found in searches. Accounting standards AS 7, AS 9, ICDS III and IV and Ind AS 115 are integrated with the tax analysis, and a digest of Supreme Court, High Court and ITAT rulings up to 2025 is included. Essential for developers, landowners, chartered accountants and tax advocates. Paperback, 608 pages.
