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The Central Board of Direct Taxes (CBDT) on Thursday released the draft Income Computation and Disclosure Standard (ICDS) on real estate transactions for public consultation. The proposed ICDS will be applicable for determination of income from all forms of transactions in real estate, including land and buildings.

Vikas Gupta, Partner – Assurance with inputs from Shalu Kedia, Manager contributed an article and quotes for following publications:

  1. BloombergQuint – Article on Analysing The Draft Income Disclosure Standards For Real Estate
  2. Indian Express
  3. Hindu Business Line
  4. Financial Express

CBDT Issues - Nangia Advisors LLP

Real Estate Income Computation - Nangia Advisors LLP

CBDT Issues in Real Estate - Nangia Advisors LLP