Accounting & Taxation Services

Talk with expert
Maximize Savings with Expert Tax Planning for Real Estate Businesses
Maximize Savings with Expert Tax Planning for Real Estate Businesses

Simplify Your Real Estate Finances
Managing accounting and taxation in the real estate sector requires specialized expertise. At Samruddhi RealWise Consulting LLP, we offer comprehensive accounting and taxation services tailored to meet the unique needs of real estate developers, builders, and investors.

Why Choose Us for Accounting & Taxation?

The real estate industry faces complex financial challenges, including multiple tax regulations and evolving compliance requirements. With our in-depth knowledge of real estate finance, we provide solutions that streamline your accounting processes and optimize your tax liabilities.

Our Accounting & Taxation Services

1. Real Estate Accounting

  • Maintenance of accurate and up-to-date financial records.

  • Preparation of financial statements and cash flow management.

  • Specialized accounting for project-based revenue recognition.

2. GST Compliance

  • Assistance with GST registration and filings.

  • Accurate input tax credit calculations for real estate projects.

  • Advisory on GST implications for under-construction and completed properties.

3. Income Tax Compliance

  • Timely preparation and filing of income tax returns.

  • Tax planning strategies to minimize liabilities.

  • Advisory on capital gains tax for property transactions.

4. Financial Auditing

  • Conducting internal and external audits for financial accuracy.

  • Compliance audits to ensure adherence to tax and regulatory standards.

  • Recommendations for improving financial processes and controls.

5. Tax Advisory Services

  • Guidance on direct and indirect taxes specific to the real estate sector.

  • Advisory on joint development agreements (JDAs) and their tax implications.

  • Strategic solutions for optimizing tax efficiency.

6. Regulatory Compliance

  • Filing and compliance with corporate tax laws, TDS, and other statutory requirements.

  • Advisory on financial reporting as per RERA norms.

Benefits of Our Accounting & Taxation Services

  • Expertise in Real Estate Finance: We understand the nuances of real estate accounting and taxation, ensuring accurate and efficient solutions.

  • Compliance Guaranteed: Stay compliant with evolving tax regulations and avoid penalties.

  • Tailored Solutions: Services customized to suit your unique business requirements.

  • Cost Efficiency: Optimize your tax liabilities and improve financial performance.

Who Can Benefit from Our Services?

  • Real Estate Developers: Streamline your financial operations and stay compliant with GST and income tax regulations.

  • Builders: Manage project-based accounting and reporting with ease.

  • Property Investors: Minimize tax liabilities on property transactions and optimize returns.

Frequently Asked Questions

Q: Why is accounting important for real estate businesses?

A: Accounting ensures accurate financial tracking, enabling better decision-making, compliance with regulations, and improved transparency for stakeholders. It also helps in managing project budgets, cash flows, and profitability.

Q: What taxation services do you offer for the real estate sector?

A: Our taxation services include:

  • GST registration and compliance.

  • Income tax filing and planning.

  • Advisory on tax-saving opportunities specific to the real estate industry.

  • Resolution of tax disputes and audits.

Q: How does GST apply to real estate projects?

A: GST applies to the sale of under-construction properties, materials used in construction, and works contracts. Developers can claim input tax credit (ITC) on GST paid for materials and services used in construction.

Q: Do you provide accounting services for RERA compliance?

A: Yes, we provide accounting support tailored to RERA requirements, including financial disclosures, project cost estimates, and regular audits to ensure compliance.

Q: Can you assist with maintaining project-specific accounts?

A: Absolutely. We specialize in maintaining project-specific accounting systems to track individual project costs, revenues, and profitability accurately.

Q: How can proper tax planning benefit real estate businesses?

A: Effective tax planning can:

  • Reduce overall tax liabilities.

  • Improve cash flow management.

  • Optimize profitability by leveraging tax benefits and exemptions available to real estate businesses.

Q: What financial statements do you prepare for real estate companies?

A: We prepare:

  • Profit and loss statements.

  • Balance sheets.

  • Cash flow statements.

  • Project-specific financial reports.

Q: Do you offer services for tax audits?

A: Yes, we provide comprehensive tax audit services, ensuring compliance with Income Tax laws, GST regulations, and other statutory requirements specific to real estate businesses.

Q: How often should real estate businesses file GST returns?

A: Real estate businesses must file GST returns monthly or quarterly, depending on their turnover, and an annual return summarizing their yearly transactions.

Q: Why choose Samruddhi RealWise Consulting LLP for accounting and taxation?
A:

  • Industry Expertise: We specialize in real estate-specific accounting and taxation.

  • Compliance Focused: We ensure adherence to all tax laws and regulations.

  • Tailored Solutions: Customized services to meet your business needs.

  • Peace of Mind: You focus on your core operations while we handle the numbers