Accounting & Compliance

Bookkeeping and accounting is keeping track of financial and other business transactions with business owners and management. Every income or expense and every asset or obligation is recorded in the books of accounts. The accounts are finalised at the end of every financial year ending on 31st March.

Then comes the compliance part after end of financial year for recording business transactions with regulatory authority. The companies and LLPs are required to file the financial statement with MCA for every financial year with assistance of company secretaries. Where accounting is mandatory for the most of businesses, annual compliance is compulsory only for the companies and LLPs

Book Keeping & Accouting

Accounting and bookkeeping are necessary for running a business successfully. With CA assisted accounting, we ensure your books are up-to-date ensuring the accounting standards applicable.

Annual Compliance

For every company, it is compulsory to file an annual return and audited financial statements with MCA for every financial year. The RoC filing is mandatory irrespective of the turnover, whether it is zero or in crore. Whether a single transaction is undertaken or none, annual compliances for private limited are mandatory for every registered company.

TDS return

Tax Deducted at Source or TDS is a source of collecting tax by Government of India at the time when a transaction takes place. Here, the tax is required to be deducted at the time money is credited to the payee’s account or at the time of payment, whichever is earlier.

In case of payment of salary or life insurance policy, tax is deducted at the time of payment. The deductor then deposits this TDS amount to the Income Tax (I-T) department. Through TDS, some portion of your tax is automatically paid to the I-T department. Thus, TDS is considered as a method of reducing tax evasion

income tax return (direct Tax)

Income Tax Return is the form in which assessee files information about his Income and tax thereon to Income Tax Department. Various forms are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7. When you file a belated return, you are not allowed to carry forward certain losses

GST return

GST return is a format where a taxpayer registered under the Goods and Services Tax (GST) law has to file for each registration separately. Also, the number of GST returns to be filed will be based on the type of taxpayer, such as regular taxpayer, composition dealer, e-commerce operator, TDS deductor, non-resident taxpayer, Input Service Distributor(ISD) etc. Usually, a regular taxpayer has to file two returns per month (GSTR-1, GSTR-3B) and an annual return (GSTR-9/9C) for each GST registration separately.

Payroll

Organizations chasing an aggressive growth strategy have lots of things to worry about. The least they would want to be bothered about are challenges related to payroll management or payroll processing. These are operational, yet mandatory processes. Managing error free operations consistently for payroll processing in India can be very challenging.

With its significant investments in technology, Protaxsuvidha is uniquely positioned to offer end-to-end services in payroll outsourcing in India. We offer complete payroll outsourcing services, from basic payroll calculations, statutory compliance, facilitating transparent employee communication while ensuring complete confidentiality.

Housing Society Accounts Management

Today’s modern society needs much modern solution for its proper management, which can replace the human efforts. Any Co-operative Society or Housing Society need a hassle free and efficient Society management system for managing its day-to-day activities which can even manage society’s accounting work also. Society management system has not only to deal with its complaints or accounts but has to keep an eye on all other facility and activities under the society premises. Thus taking help of a Society Management Software, makes us feel free. • Upayogee Society Management Software – A Perfect Platform and Complete solution on Housing Societies

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