Handbook on Indian Accounting Standards (Ind AS) is a comprehensive guide to assist accounting professionals and corporate to comply with the requirements of these standards. It is well supported by practical illustrations and very useful for the first time adoption of the Indian Accounting Standards. It summarizes the essence of Ind AS for professionals to deal with the real and practical business scenario. Key Features:- ? Supports transition to Ind AS as per prescribed roadmap for corporates ? Incorporates transition guidance for banks/NBFCs and insurance companies as per the recent announcement by MCA ? Provides comparative analysis of Ind AS and IFRS (Major Carve Outs) ? Accentuates comparative analysis of Schedule III to the Companies Act, 2013 and Ind AS ? Provides key disclosure checklist for effective compliance ? Provides a comparative analysis of existing AS and Ind AS ? Explains the global principles of accounting that are framed in converged Ind AS so that they are effectively understood and applied to the evolving business scenario of current times ? Discusses the recognition principles and measurement principles under various Ind AS in a single chapter to give a snapshot understanding of how and when various elements of financial statements are recognised and measured ? Covers the latest announcements and formats prescribed by the MCA, RBI, SEBI and IRDA in appendices The book will be an indispensable reference for accounting professionals, auditors, users and readers of financial statements, directors of companies, students, etc.

A Treatise on Taxation of Real Estate Cases is the most lucid and ?to the point? analysis of provisions relating to real estate cases. It provides substantial guidance as to whom to be taxed, what to be taxed, when to be taxed and how to be taxed in real estate sector. This book is an essential reference for the officers of Income Tax Department, auditors and appellate authorities, real estate builders/developers, landowners, tax professionals, statutory institutional bodies like, ICAI/ICSI/ICMAI and also assesses. Key Features: ? Lucid and simple language to describe concepts prevailing in real estate sector ? Relevant law of Income Tax Act, 1961 discussed threadbare in three parts First, for 2009-10 to 2011-12 (the years for which Assessing Officers of Income Tax department can reopen assessment) Second, for FY2012-13 to 2014-15 (since when new Guidance Note of ICAI was introduced but before ICDS was introduced) Third, since FY2015-16 (since when Income Computation & Disclosure Standard has been introduced) ? Relevant accounting standards of India, guidance notes of the Institute of Chartered Accountants of India (ICAI), comparable international accounting standards, other relevant Rules and Acts and procedures have been discussed ? Case laws with actual annual reports and CBDT?s circulars are discussed ? Applicability and non-applicability of AS?7 ? Actual brochures, project reports, applications/reports submitted before different organizations as specimen reproduced as illustrations ? How P&L and other relevant accounts as well as Balance sheet can be prepared with such ingredients is stated ? Provides specimen notices of required actions by Assessing Officers

Every person, who has anything to do with tax laws, whether as a taxpayer, tax advisor, tax executive, auditor or tax lawyer, has to plan tax conduct. On one hand, he has to ward off no-win areas, whether it be by adherence to various time limits for tax compliance or obligations relating to tax deduction at source, compulsory maintenance of accounts, etc., so as to avoid pitfalls and not get trapped by involuntary non-compliance of duties enjoined by voluntary compliance as part of procedural law. On the other hand, the tax laws with a constant stream of amendments, some retrospective or even retroactive, ever-flowing precedents from the courts, both binding and non-binding, and circulars, benevolent or otherwise, offer both challenge and opportunity in substantive law. It is in this maze of confusion that one may find some shelter in tax incentives, deductions and rebates as well as in the choice of method of accounting, valuation of stock or Accounting Standards. This book, by gathering all relevant material in plain and easily understandable language, is intended to help save tax. The authors have endeavoured to explain the entire law in simple and easy to understand language with the help of up-to-date case-law on relevant topics. Copious references to cases decided by the Supreme Court, various High Courts and ITAT find place in the book. In addition, references are also made to some foreign cases which have a bearing in the context of Indian tax laws. Amendments including those brought about by the Finance Act, 2015 and precedents reported up to May, 2015 have been taken notice of. The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 which received the assent of the President on 26th May, 2015 has been provided as an Appendix at the end of the book for the information of the readers. A special feature is a large number of Questions and Answers appended at the end of each Chapter which deal with specific tax problems and their solutions, so as to provide solutions to complex tax problems. A large number of more questions and answers have been added in the present edition. An exhaustive Subject Index as also a Table of Cases referred to in the book have been provided for ease of quick reference. In a nutshell, it is a source-book of information, a veritable data warehouse incorporating tips for tax savings with necessary caution as regards safeguards, documentation and procedures drawn from the rich experience of the authors as tax collectors, tax adjudicators and tax consultants.

The Tax Law Dictionary is a handy and compact tax dictionary which provides accurate meanings of legal maxims, Latin terms, and words & phrases that are commonly used in the various fields of tax law. This edition includes terms defined in various statutes, and judicial interpretation from important decisions of the Supreme Court, High Courts, and Tribunals. The basic features of the dictionary include: ? statutory and judicial definitions of standard legal words, maxims and phrases related to Direct, Indirect and International taxation; ? words and phrases from related areas of law; ? terms from the global wordage of trade and commerce; ? financial and accounting terms used in the areas of banking, insurance and capital market regimes; ? words and phrases from common law. This dictionary is an ideal reference for tax professionals, chartered accountants, judges, jurists, academicians, students of CA, CS, CMA.

This book provides a holistic view of how tax policies have shaped in India, the importance of dealing with tax disputes and suggestions to improve, to tax payers, tax practitioners, tax administrators and tax administrative and judicial forums. It's meant to serve as a guide to tax policy makers to choose the practices adopted by nations and consider adopting them as India's changing landscape will necessitate implementation of 'out of box' ideas to address the situation and make our tax system modern and responsive to change. Global tax systems of the world will converge over a period of time and the convergence would be far more rapid, given that India is now active in shaping G20 tax policies as part of the OECD lead Base Erosion and Profit Shifting (BEPS) project. This will necessitate India not just to embrace polices on transparency and information exchange and protection of its tax base, but equally contribute in timely resolution of treaty-related disputes and gear up its policies to first avoid disputes and if disputes are inevitable, to seek timely resolution. Testimonials The Treatise is a formidably researched piece of work that few (if any) but Mr. Butani would be able to bring off so effectively. It describes the complex Indian system well, and addresses its structure and developments (or otherwise) in the context of wider international trends. Michael Lennard, Chief, International Tax Cooperation Section U.N. Dept. of Economic and Social Affairs It is plain truth that in India it is easier to change tax laws than the approaches of tax administration. Possibly it depends on intellectual persuasion which the likes of experts like Mukesh can do. Good luck to these efforts. N Rangachary, Former Chairman, Central Board of Direct Taxes & Insurance Regulatory Authority of India Tax planning and compliance for investments in India requires patience and wisdom. Bring your own patience; this treatise provides terrific wisdom that will benefit anyone who seeks to invest in India. Peter Barnes, Professor, Duke Law University Former Head of International Tax, General Electric A timely volume that continues to push for the right kind of tax administration and reform. It cogently brings to attention the improvements as well as continuing constraints for the ease of doing business. It narrows down on the crucial area of dispute prevention and alternative dispute resolution. Dr Parthasarathi Shome, Chairman, International Tax Research & Analysis Foundation Former Chairman, Tax Administrative Reforms Commission Advisor to the Finance Minister Perfect in every regard; right topic at the right point in time, deeply technical and full of good-to-know details - and the best, it's even entertaining to read. But, well, that's no surprise when you see who the author is and who contributed. Dr Christian Kaeser, Global Tax Head, Siemens Chair of ICC Tax Commission Mukesh Butani's hands-on experience and extensive research for effective and expeditious dispute resolution in tax matters makes this book of tremendous significance for all those interested in global growth by promoting business in India. Dr Lalit Bhasin, President, Society of Indian Law Firms

In the present era of rapid growth in economic activity disputes are bound to arise in matters relating to commerce and taxation. Consequently, the laws relating to commerce and taxation assumes huge significance. The back bone of any nation lies in its economy. The taxation laws have always been seen as a highly complicated branch of law. This book contains 26 judgments of Justice Lakshmanan on taxation laws which not only address and dispose of the dispute between the parties on complicated issues relating to both direct and indirect taxation but also serves as a guiding precedent for dealing with future issues on taxation matters.

Make it in India ? Handbook on Starting and Doing Business provides significant guidance on how to incorporate a business entity in India for budding entrepreneurs. It covers different facets of India as a business hub and provides the basics of Indian legal system including summarised view of taxation system and compliances, for readers to make an informed decision about starting any business activity in India. This book will help entrepreneurs and business owners in organisation of all sizes from India and overseas, to understand basic requirements including tax policies, incentives to effectively and efficiently manage the Indian business entity and also to adapt and adjust according to rapidly changing business environment. Key Highlights:- ? Covers broad principles and action points to start an economic activity in India and move towards action and results ? Provides legal backdrop of doing business in India including guidance on type of business entities that can be incorporated in India and applicable economic and administrative laws ? Detailed discussion on specificities and peculiarities about India for aligning any business ? Provides a perspective on the cultural nuances at personal and business levels and how they differ from many countries ? Incorporates all key direct, indirect and international tax compliances to be ensured by the business entity ? Deals with questions like what really ticks about doing business in India, why should one invest for returns in India and pros and cons of starting and expanding business ? Separate appendix on creating a business plan, glossary on words used in India and specifically in government departments and also state-wise comparison on Ease of Doing Business ? Appendices also include frequently asked questions addressed by industry expert This book shows how ordinary people can build solid livings, with independence and purpose, on their own terms and it is a must have for existing and budding entrepreneurs.

For over thirty years, Colin Drury has been at the forefront of helping students learn the key concepts and processes in management and cost accounting through his textbooks. Now in its tenth edition, Management and Cost Accounting has been the leading textbook in the field for three decades, and continues to blend theory and practice in language that is clear and accessible. As well as covering everything students need to know for management accounting and cost accounting modules on undergraduate courses, or postgraduate students studying these topics for the first time, this book will also help prepare those taking the professional accounting bodies’ management and cost accounting examinations. The new edition has been completely updated to reflect recent developments in the field, and now includes additional emphasis on value creation, and links strategic performance management more closely to divisional financial performance measurement. An entirely new chapter has also been added looking at the challengs management accountants will face in the future

Financial ACCT, 3e, a 4LTR Press product, takes into account and integrates the inputs from discipline-specific focus groups, conversations, and surveys and presents the content in a visually-engaging page layout, keeping intact the high-quality content instructors need. It adopts a persuasive visual medium and offers a balanced approach, demonstrating how to use accounting information to make business decisions. The book aims at enjoyable reading and easy attention using comprehensive pedagogical features.

Management Accounting shows how accounting information is organized and reported internally to managers and how managers use accounting information for planning, organizing, decision-making and controlling. The book written, in a non-technical simple language, emphasizes the practice side of accounting with numerous examples and cases. Each topic starts with a situational analysis that highlights the relevance of the topic. Examples and cases reflect real-life situation that allows managers to easily connect themselves with the situation in their organizations. The book covers product costing, activity-based costing, cost analysis for decision-making, budgeting and variance analysis. Managers use detailed cost data extensively, and the chapters on product costing and activity-based costing explain how cost data is compiled in different types of industries with comprehensive illustration. Managers are required to take decision under various situations and the chapter on cost analysis for decision-making sows several decision-making areas and how managers take decision under these situations. Budgets guide the organization to achieve the goals and variance analysis helps the managers to analyze and control deviation from the budget. The book is relevant for MBA students as well as non-finance managers who are keen to know how they can use accounting information in their jobs. The book is relevant for entrepreneurs as well who want to design a good internal accounting system and use the accounting information for planning, decision-making and controlling.