https://www.taxtmi.com/highlights?id=69893 Determination of correct profits - percentage completion method - real estate development - when a stage is arrived that risk and rewards shift from the developer to buyer irreversibly, then project revenue and project cost associated with the real estate project should be recognised as revenue and expenses by reference to the stage of completion of the project activity at the reporting date. - AT en-us Mon, 22 May 2023 08:58:25 +0530 Wed, 24 May 2023 14:30:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69893 Determination of correct profits - percentage completion method - real estate development - when a stage is arrived that risk and rewards shift from the developer to buyer irreversibly, then project revenue and project cost associated with the real estate project should be recognised as revenue and expenses by reference to the stage of completion of the project activity at the reporting date. - AT Highlights Income Tax Mon, 22 May 2023 08:58:25 +0530 https://www.taxtmi.com/highlights?id=69893