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PHMG & Associates

Industry focus

CA services for Real Estate & Construction

Long project cycles, advance receipts and many contractors make compliance in this sector complex. Good project-level records keep tax and audit manageable.

Common challenges

  • Recognising revenue and cost project by project.
  • GST on works contracts, sales and under-construction property.
  • TDS on payments to contractors and on property purchases.
  • Funding documentation for banks and investors.

How we help

  • Project accounting

    Separate books and MIS for each project.

  • Tax and GST review

    We check how tax is charged and credits are claimed across the project cycle.

  • Audit and lender support

    Certifications, CMA data and audits that lenders accept.

10+

Years of experience

400+

Assignments handled

4

Office locations

3

States covered

From first call to filing proof

Step 01

First conversation

Tell us what you need. We listen and explain your options.

Step 02

Proposal & documents

You get a clear scope, fee and a document checklist.

Step 03

We execute

Our team prepares and files, with partner review at every step.

Step 04

Proof & support

You receive filing proof, acknowledgement and ongoing support.

Frequently asked questions

Quick answers to the questions we hear most often.

Still have a question?

A chartered accountant will look at your case and reply within one business day.

Ask a CA
Is GST charged on under-construction property?

Yes, as per the rates and conditions in force, which have changed. We confirm the current treatment for your project.

Do builders need tax audit?

If turnover crosses the Section 44AB limits, yes. Companies also need a statutory audit regardless.

How should advances from buyers be recorded?

As liabilities until revenue recognition conditions are met, in line with the applicable accounting standard.

Speak to a chartered accountant

Ready to get started?

Tell us what you need. A qualified CA will review it and reply with next steps and a clear fee.

Reply within one business day · Your data stays confidential

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