Books on how to maintain accounts, statutory compliance for Construction business of resid. units

Hey Rakesh! For maintaining accounts and statutory compliance specifically for the construction business (residential units), here are some good book and resource recommendations:

Books:

1. "Accounting and Taxation for Real Estate and Construction Companies" by CA M.P. Vijay Kumar

   • Covers accounting principles, tax provisions, GST, and other compliance specifically tailored for real estate and construction.

2. "Real Estate Accounting Made Easy" by Obioma A. Ebisike

   • A practical guide on accounting methods used in construction and real estate projects.

3. "Practical Guide on GST for Real Estate and Construction Sector" by CA Neeraj Dhoot

   • Focuses on GST rules, input tax credit, invoicing, and returns for construction businesses.

4. "Statutory Compliance for Construction Companies" by various CA authors (look for latest editions)

   • These usually cover labor laws, contract compliance, TDS, GST, and other statutory requirements.

Other Resources:

• ICAI’s Guidance Notes on accounting for real estate and construction sector.

• GST Council Notifications and FAQs — very important for updates on compliances.

• CMA or Chartered Accountant Firms’ Publications — many firms publish sector-specific compliance guides.

Online Platforms:

• CAclubindia Articles and Discussions — practical insights and peer discussions on compliance issues.

• Government Portals like GSTN for compliance procedures and filings.

• YouTube Channels by Chartered Accountants — many post easy-to-understand tutorials specific to construction business accounting and compliance.