Book 1--Income Tax Aspects |
1
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Part I--Head of Income in case of Renting of Property |
2
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| 1 Nature of Income from Letting Out of Properties--Head of Income Controversy |
3
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| 2 Rental Income Held to be Income from House Property |
9
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| 3 Income Not Chargeable as Property Income but Held Chargeable as Business Income |
38
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| 4 Rental Income Held to be Income From Other Sources |
60
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Part II--Tax Issues as to Acquisition of House Properties |
67
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| 5 Cost of Acquisition of House Property [Section 55(2)] |
68
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| 6 Cost of Acquisition with Reference to Certain Modes of Acquisition [Section 49] |
79
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| 7 Cost of Improvement [Section 55(1)] |
85
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| 8 Indexed Cost of Acquisition and Indexed Cost of Improvement |
88
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| 9 Tax on Sum/Property Received Without Consideration [Section 56(2)(x)] |
106
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| 10 Deduction for Repayment of Loan Taken for Acquiring House Property [Section 80C(2)(xviii)] |
122
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| 11 Deduction in Respect of Interest on Loan Taken for Acquisition of Residential House Property [Section 80EEA] |
126
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| 12 TDS from Payment of Compensation on Acquisition of Certain Immovable Property [Section 194LA] |
132
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| 13 Co-operative Housing Societies |
138
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Part III--Development of Housing Projects |
146
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| 14 Deductions in Respect of Profits and Gains from Housing Projects [Section 80-IBA] |
147
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| 15 Tax Incentives to Specified Business [Section 35AD] |
225
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| 16 TDS from Interest Other than Interest on Securities [Section 194A] |
235
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| 17 Payment for Delayed Possession--Whether Amounts to Interest |
243
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Part IV--Taxation of Income from Renting/ Owning of House Properties |
250
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| 18 Chargeability of House Property Income [Section 22] |
251
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| 19 Ownership or Deemed Ownership as Condition Precedent for Chargeability |
263
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| 20 Exception to Section 22 : Property Used for Business or Profession Carried on by Owner |
268
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| 21 Annual Value of a House Property [Section 23] |
272
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| 22 Treatment of Notional Interest on Interest Free Deposits/Loans in Determination of Annual Value of Property |
294
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| 23 Exemption Under Section 10(19A) Allowable Even if a Part of Palace Let Out |
318
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| 24 Determination of Annual Value of Let Out Property |
322
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| 25 Annual Value of Properties Neither Let Out Nor Self-occupied |
350
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| 26 Annual Value of Deemed to be Let Out Property |
351
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| 27 Annual Value of a Self-occupied Property |
354
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| 28 Deferred Taxation of Annual Value of Unsold Stock |
358
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| 29 Deductions from Annual Value : Ad-hoc Deduction [Section 24(a)] |
362
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| 30 Deduction from Annual Value : Of Interest on Borrowed Capital [Section 24(b)] |
368
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| 31 Amounts not Deductible from House Property Income [Section 25] |
395
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| 32 Arrears of Rent and Unrealised Rent Received Subsequently [Section 25A] |
396
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| 33 Property Owned by Co-owners [Section 26] |
397
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| 34 Deemed Owner of a Property [Section 27] |
409
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| 35 Carry Forward and Set-Off of Loss from House Property |
413
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Part V--Tax Issues Concerning Letting Out of House Properties |
424
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| 36 Deductions in Respect of Rents Paid [Section 80GG] |
425
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| 37 TDS on Payment of Rent I--Scheme of Section 194-I |
426
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| 38 TDS on Payment of Rent II--CBDT’s Clarifications Regarding TDS under Section 194-I |
429
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| 39 TDS on Payment of Rent III--TDS under Section 194-I under Various Fact Situations |
436
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| 40 TDS on Payment of Rent IV--Case Studies in Relation to TDS Under Section 194-I |
448
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| 41 TDS on Rent by Individual and HUF Other than Those Covered by Section 194-I [Section 194-IB] |
457
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Part VI--Commercial Renting and Tax Implications |
460
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| 42 Chargeability of Lease Rental Where Assessee in Business of Property Renting |
461
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| 43 Composite Letting--Whether House Property or Business Income |
463
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| 44 Income from Running and Operating of Shopping Malls, Etc.--Whether Business Income or Income from House Property |
468
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| 45 Income From Letting Out Shops in Mall Constructed by Assessee--Head of Income Applicable |
478
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| 46 Income from Letting Out of Properties by a Company Formed with Object of Acquiring and Letting Out Properties–Head of Income Applicable |
485
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| 47 Income From Letting out Terrace |
491
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| 48 Letting Out Premises for Business |
496
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| 49 Rental Income From Letting Out Building With or Without Amenities |
500
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| 50 Composite Letting of Building and Implications of Section 56(2)(iii) |
509
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| 51 Taxability of Lease Transactions |
519
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Part VII--Sale/Transfer of Residential/Commercial Properties |
533
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| 52 Conversion of Inventory into Capital Asset to be Taxed as Business Income [Section 28(via)] |
534
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| 53 Business Income in Case of Transfer of Immovable Property Held as Stock-in-Trade [Section 43CA] |
537
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| 54 Basic Issues as to Chargeability of Capital Gains |
540
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| 55 Year of Chargeability |
552
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| 56 Receipts Arising From Transfer of Immovable Property |
565
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| 57 Short Term Capital Asset/Gain |
586
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| 58 Long Term Capital Asset/Gain |
595
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| 59 Determination of Period of Holding |
600
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| 60 Date of Acquisition of Immovable Property in Particular Circumstances |
616
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| 61 Taxability of Insurance Claim Against Damage or Destruction of Immovable Property [Section 45(1A)] |
623
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| 62 Conversion of Immovable Property into Stock-in-Trade [Section 45(2)] |
626
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| 63 Contribution of Immovable Property to Firm/AOP/BOI [Section 45(3)] |
640
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| 64 Transfer of Immovable Property on Dissolution of Firm/AOP/BOI [Section 45(4)] [Upto Assessment Year 2020-21] |
646
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| 65 Tax Treatment of Distribution of Immovable Property or Money or Stock-in-Trade at Time of Dissolution or Reconstitution of Firm [Section 45(4)] [From Assessment Year 2021-22] |
654
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| 66 Compulsory Acquisition of Immovable Property [Section 45(5)] |
677
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| 67 Tax Issues Regarding Joint Development Agreement [Section 45(5A)] |
689
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| 68 Distribution of Immovable Property by Company in Liquidation [Section 46] |
702
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| 69 Transactions Not Regarded as Transfer of Property [Section 47] |
710
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| 70 Exemption from Capital Gains in Case of Certain House Properties [Sections 10(37A)] |
713
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| 71 Computation of Capital Gains from Residential Property [Section 48] |
715
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| 72 Adopting Full Value of Consideration of Land or Building or Both [Section 50C] |
728
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| 73 Reference to Valuation Officer for Valuing Residential Property [Section 55A] |
742
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| 74 Gains Arising from Transfer of Residential House--Deduction Under Section 54 |
744
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| 75 Exemption from Capital Gains on Investment in Specified Bonds [Section 54EC] |
770
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| 76 Exemption from Capital Gain on Investment in Units of Specified Fund [Section 54EE] |
779
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| 77 Exemption from Capital Gains When Invested in Residential House [Section 54F] |
781
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| 78 Exemption from Capital Gains from Transfer of Residential House in Certain Cases [Section 54GB] |
825
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| 79 Extension of Time for Acquiring New Asset or Depositing in Capital Gains Accounts Scheme [Section 54H] |
830
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| 80 Capital Gain Accounts Scheme [CGAS] |
831
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| 81 TDS on Transfer of Certain Immovable Property Other than Agricultural Land [Section 194-IA] |
837
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| 82 TDS On Payment Under Specified Agreement [Section194-IC] |
845
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Part VIII--Tax Planning Ideas |
847
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| 83 Planning in Respect of Property Income |
848
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Book 2--GST Aspects |
850
| >> |
Part IX--GST on Construction of Residential and Commercial Properties |
851
| >> |
| 84 GST on General Construction Services |
852
| >> |
| 85 GST on Construction of Residential Houses |
861
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| 86 GST on Construction of Residential or Commercial Apartments |
868
| >> |
| 87 Construction of Property under Works Contract Service |
908
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| 88 GST on Co-operative Housing Societies |
935
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Part X--GST on Renting Services |
940
| >> |
| 89 GST on Renting Services--An Overview |
941
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| 90 GST on Renting of Residential Dwelling |
947
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| 91 GST on Renting of Commercial Property |
950
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| 92 GST on Renting of Rooms by Hotels, Inns and Dharamshala |
954
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| 93 Reverse Charge Mechanism Vis-a-Vis Renting of Immovable Property |
959
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| 94 Input Tax Credit Vis-a-Vis Renting Services |
966
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Part XI--Appendices |
979
| >> |
| 95 Explanatory Notes on Scheme of Classification of Services [Relevant Extract] |
980
| >> |
| 96 FAQs on Real Estate Sector |
992
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