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Construction & Infrastructure News

Draft accounting rules for real estate projects issued

June 2017

The Finance Ministry, in May, issued a fresh draft of the Income Computation and Disclosure Standard (ICDS) for real estate transactions, which could...

Finance Ministry, ICDS, Real estate transactions, RERA, POCM, CBDT

Infra companies provided with Rs 4,500 crore irregular tax benefits

November 2016

As reported, Government auditor Comptroller and Auditor General (CAG) has revealed that the Income Tax Department has provided irregular tax benefits...

CAG, Income Tax Department, JSW Energy, Tata Power, Reliance Infrastructure, Gujarat Fluro Chemicals, CBDT, Revenue Department, Infrastructure, Infra companies

EPC contracts: a bird's eye-view

April 2016

India, being one of the major developing economies, has seen significant growth in the infrastructure sector in the last few years. Such infrastructu...

Commercial requirements, EPC contracts, Infrastructure projects, Payment system, Offshore service, AOP, CBDT, PE risk, Vinita Krishnan, Ankit Namdeo, Khaitan & Co

A Taxing Issue

September 2015

JAIRAJ PURANDARE sheds more light on the recently notified Income Computation and Disclosure Standard III. The business world in India is on the brin...

Jairaj Purandare, Income Computation and Disclosure Standards, ICDS, Central Board of Direct Taxes, CBDT, Construction Contracts
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