Real Estate
ITAT Allows Foreign Exchange Loss as Revenue Expenditure in Real Estate
The Income Tax Appellate Tribunal (ITAT) in Mumbai has ruled that a foreign exchange loss of Rs. 1,12,449, arising from consulting charges paid to foreign parties, should be allowed as deductible expenditure rather than being capitalized to project costs.
Real Estate Maharashtra
Shark Tank India: Anupam Mittal Calls Out Maharashtra Trio’s Questionable Financial Claims
Anupam Mittal, a shark on Shark Tank India, criticized a trio of founders from Maharashtra for their inflated financial claims and questionable accounting practices.
Real Estate Mumbai
Redevelopment of Buildings in Mumbai: A Comprehensive Guide for Account Update and Taxation
Understand how to handle the financial and accounting aspects of building redevelopment in Mumbai, including rent received, corpus funds, shifting charges, and extra area accounting. Learn whether the amounts received will be treated as income and how to
real estate news
The Big Four Accounting Firms in China: A Closer Look
Chinese regulators have slapped PwC with a record fine and suspension, highlighting the Big Four's significant role in auditing major Chinese companies.
Real Estate
The Big Four Accounting Firms in China: How Big Are They?
Chinese regulators have imposed a record fine of $62 million on PwC's auditing unit in mainland China over its audit of troubled property developer China Evergrande Group.