On establishing the structure, incorporation and subsequent to laying the foundation for effective operation, we proceed with the regular, routine affairs involved. These are as follows:
Day to day accounting of routine transactions of the LO/BO on monthly basis.
Maintenance of prime books of account on monthly basis.
Finalization of Profit & Loss Account & Balance sheet of the LO/BO on quarterly basis.
Payment of statutory Dues towards TDS, VAT, Service Tax, Advance Income Tax etc.
As per provisions of Income Tax Act, certain returns related to deduction of tax at source viz. E-TDS, has to be filed quarterly. This step involves compilation and summarizing the records, preparation of returns and submission of the same.
All BOs are required to file their returns with appropriate authorities for Service Tax and VAT as per timelines applicable to the jurisdiction.
For more details of the documents required and any related advisory, feel free to connect with our team on email@example.com
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