Which businesses need to maintain proper books of account?
Under the Income Tax Act and Companies Act, every company, LLP, partnership firm, and most professionals and businesses crossing prescribed thresholds are required to maintain proper books of account. Even where not strictly mandatory, structured accounting is essential for business decisions, banking, and statutory filings.
What is the difference between GSTR-1 and GSTR-3B?
GSTR-1 is a return of outward supplies showing invoice-wise details of sales. GSTR-3B is a summary return where the taxpayer reports total sales, input tax credit, and net tax liability and pays GST. Both have to be filed within prescribed monthly or quarterly timelines based on turnover.
How often does TDS need to be deposited and returns filed?
TDS deducted in a month is generally required to be deposited by the 7th of the following month. TDS returns are filed quarterly in Forms 24Q, 26Q, and 27Q within the due dates prescribed by the CBDT, followed by issuance of Form 16 / 16A to deductees.
What are the common ROC filings for a private company?
Common annual ROC filings for a private limited company include AOC-4 (financial statements), MGT-7 / 7A (annual return), DPT-3 (return of deposits / loans), DIR-3 KYC for directors, and event-based forms for changes in directors, capital, or registered office.
How can mismatches between AIS / 26AS and books be handled?
Mismatches usually arise from differences in TDS, sale of property, capital gains, or interest income reporting. We help reconcile AIS / TIS / 26AS with the books, identify the cause, and respond to feedback or notices on the Income Tax portal to keep tax records consistent.
Do you handle GST and tax notices?
Yes. We assist in drafting structured responses, collating supporting documents, and representing clients in faceless and personal hearings before GST, income tax, and TDS authorities, including for ASMT-10, DRC-01, and various income tax intimations.
Can accounting and compliance be fully outsourced?
Yes. Many businesses choose to outsource the entire finance and compliance function — bookkeeping, payroll, GST, TDS, income tax, ROC — to professional firms. This gives them experienced manpower, technology, and review processes without the cost of building a full in-house team.