Financial operations involving a company's accounts or other money-related problems necessitate specific care, especially while operating in India as a foreigner. A specialist's assistance can also aid in understanding how the taxation system in this country operates.
Whatever form of financial transactions you wish to complete, an accountant in India is one of the specialists you'll want to rely on.
Our India company formation experts collaborate with qualified accounting professionals to provide comprehensive services to local and international investors and business owners, and we invite you to learn more about some of these services below.
In India, accounting services are offered. Accounting is made up of various branches, which is why the services they provide are similar. However, the following are the most significant ones to present a simplified image of what you may rely on when looking for an accountant in India:
1. Tax and GST (VAT) registration, which are two important steps when starting any type of business in India. 2. Bookkeeping and accounting, which are the second most requested services in India. 3. Payroll and HR solutions for companies hiring local or foreign employees. 4. Audit services for companies requiring various types of audits financial statement drafting and filing services in accordance with the law's deadlines. 5. Audit services are also available for companies requiring various types of audits financial statement drafting and filing services in accordance with the law's deadlines.
The Goods and Services Tax is India's equivalent of the value added tax in Western countries, therefore you can rely on our local experts when dealing with this levy. Because this is an indirect tax that enterprises must register for, the regulations are the same as in other other countries.
We'd like to remind you that we have a mixed team of company registration and accounting professionals in India who can provide customised solutions to small, medium, and large businesses operating in the country.
In India, assistance with tax registration is available. If you want to know how to form a company in India, the simplest answer is that the procedure is the same as it is in any other part of the world, and it entails preparing the documents on which the Companies Register will issue the business' Certificate of Registration, as well as obtaining the required tax registration and GST number, as well as applying for the required business licence or permit, depending on the sector of activity of your business.
Our company formation agents will handle the incorporation process, while our Indian accountant will handle the tax and GST registration processes, allowing you to begin operations straight away.
Obtaining a tax number implies filing the company’s registration papers with the Central Board of Direct Taxes in India.
In India, customised bookkeeping and accounting services are available. Maintaining the order of a company's financial paperwork is maybe one of the most critical tasks of an accountant in India. This necessitates accurate bookkeeping and accounting that adheres to the Accounting Standards' standards.
Local businesses frequently collaborate with outside accounting firms to avoid the hassles of finding and employing an in-house accountant or forming a department that requires office space and resources.
Our professionals will devote their time and attention to your requirements, relieving you of the burden of ensuring that the company's accounts and records are up to date and that filing deadlines are met. You can also count on us for auditing services that adhere to the criteria set forth here.
In India, meeting filing deadlines is a must. When it comes to filing documents that must represent their financial status, Indian corporations must follow Sections 92 and 137 of the Companies Act. This is one of the most significant things that our Indian accountant can provide. What you need to know about these needs is as follows:
1. Forms 23AC and 23ACA represent the balance sheet and profit-loss account, respectively, and must be filed by all companies. 2. Form 20B is the annual return that must be filed by companies with share capital. 3. Form 21A is the annual return that must be filed by companies without share capital. 4. form 21A is the annual return that must be filed by companies without share capital.
5.Any other document/s, specified by the Reserve Bank while granting approval.For more information contact us