Guide to RERA and Allied Laws Governing Real Estate Transactions by CA Kapil Goyal – Edition 2026

Description

Indias real estate sector has long been a cornerstone of economic growth, urban transformation, and employment generation. Despite its importance, the industry has historically faced challenges of regulatory uncertainty, lack of transparency, and tax inefficiencies in recent years. The industry has undergone significant transformation through landmark legal and regulatory reforms, most notably the introduction of the Real Estate (Regulation and Development) Act, 2016 (RERA), along with sweeping changes in taxation, accounting standards, and compliance frameworks

This book, titled Guide to RERA and Allied laws Governing Real Estate Transactions, is intended to be a one-stop reference for all key dimensions of real estate regulation, taxation, and financial practices. While RERA serves as the backbone for regulatory compliance, this book goes beyond, addressing the complete legal and financial ecosystem that governs real estate development and transactions in India.

Key themes covered in this book include:

RERA: Complete analysis of the Act, project and agent registration, rights and duties of stakeholders, penalties, and appellate procedures.

Joint Development Agreements (JDAs): Legal structure, accounting entries, and tax implications for both landowners and developers.

Taxation of Real Estate Transactions: In-depth coverage of Section 43CA, 50C, 56(2)(x) of the Income-tax Act, and other critical tax provisions affecting developers, buyers, and landowners.

Goods and Services Tax (GST): Special focus on the applicability of GST to real estate, including construction services, transfer of development rights (TDR), Input Tax Credit (ITC), reverse charge, and compliance with changes post-2019.

Accounting for Real Estate Developers: Coverage of relevant standards including AS 7, AS 9, Ind AS 115, and the ICAI Guidance Note (2012) for revenue recognition and project costing.

Charges and Recoveries: Concepts such as EDC (External Development Charges), IDC (Infrastructure Development Charges), IFMS (Interest-Free Maintenance Security), PLC (Preferential Location Charges), and their treatment from legal and accounting perspectives.