Accounting & Bookkeeping Services
Quick Answer
Accounting & Bookkeeping Services India are essential for businesses to maintain accurate financial records and comply with statutory requirements. Our team of qualified accountants provides comprehensive bookkeeping and accounting services tailored to your business needs, ensuring timely financial reporting and tax compliance.
Accounting & Bookkeeping Services — detailed explanation below
Governing Act — Accounting & Bookkeeping Services India
Accounting and bookkeeping in India are governed by the Companies Act, 2013, which mandates that every company must maintain proper books of accounts. Additionally, the Income Tax Act, 1961 requires businesses to maintain records for tax purposes. The Institute of Chartered Accountants of India (ICAI) issues accounting standards that must be followed. Our services ensure full compliance with these regulations.
Government Department & Website for Accounting & Bookkeeping Services India
The Ministry of Corporate Affairs (MCA) oversees corporate accounting compliance. The Income Tax Department handles tax-related records. The official website for MCA is www.mca.gov.in, and for income tax, it is www.incometaxindia.gov.in. Our team liaises with these departments on your behalf.
Accounting & Bookkeeping Services India Application Process
Our process begins with understanding your business and financial needs. We then set up a chart of accounts, record daily transactions, reconcile bank statements, and prepare financial statements. We also handle GST returns, TDS returns, and other statutory filings. Throughout the year, we provide regular reports and support during audits.
Key Forms Required for Accounting & Bookkeeping Services India
Key forms include: (1) Balance Sheet and Profit & Loss Account as per Schedule III of Companies Act, (2) GST returns (GSTR-1, GSTR-3B), (3) TDS returns (Form 24Q, 26Q), (4) Income Tax Return (ITR-3, ITR-4, ITR-6). Our team prepares and files all necessary forms.
Eligibility Criteria for Accounting & Bookkeeping Services India
Any business entity—sole proprietorship, partnership, LLP, private limited company, or public company—can avail our services. There is no minimum turnover requirement. We cater to startups, SMEs, and large corporations.
Timeline for Accounting & Bookkeeping Services India
The timeline depends on the volume of transactions and complexity. We provide monthly, quarterly, or annual bookkeeping services. Statutory filings have due dates prescribed by law. Our team ensures timely completion of all tasks.
Fees for Accounting & Bookkeeping Services India
Our fees are competitive and based on the scope of work. Below is an indicative fee structure (government fees not applicable for bookkeeping services):
| Service | Fee (INR) |
|---|---|
| Monthly Bookkeeping (up to 50 transactions) | 2,000 - 5,000 |
| Monthly Bookkeeping (50-200 transactions) | 5,000 - 15,000 |
| Annual Financial Statements Preparation | 10,000 - 30,000 |
| GST Return Filing (per return) | 1,000 - 3,000 |
| TDS Return Filing (per quarter) | 1,500 - 5,000 |
Note: Fees vary based on complexity. Contact us for a customized quote.
Frequently Asked Questions
What is included in Accounting & Bookkeeping Services India?
Our services include recording daily transactions, bank reconciliation, accounts payable/receivable management, financial statement preparation, GST and TDS return filing, and tax planning support.
Who needs Accounting & Bookkeeping Services India?
Any business that wants to maintain accurate financial records, comply with tax laws, and make informed decisions needs these services. Startups, SMEs, and large corporations all benefit.
How does Accounting & Bookkeeping Services India help with tax compliance?
We ensure timely filing of GST returns, TDS returns, and income tax returns. We also maintain records as required under the Income Tax Act, reducing the risk of penalties.
Can Accounting & Bookkeeping Services India be customized for my business?
Yes, we tailor our services to your business size, industry, and specific needs. We offer monthly, quarterly, or annual packages.
What is the difference between accounting and bookkeeping in India?
Bookkeeping involves recording daily financial transactions, while accounting includes analyzing, interpreting, and reporting financial data. Our services cover both.
Do you provide Accounting & Bookkeeping Services India for startups?
Yes, we have special packages for startups that include basic bookkeeping, GST registration, and initial tax compliance at affordable rates.
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