Bookkeeping, closing & HQ reporting
Authority: Companies Act · Indian accounting standards · Income-tax Act
Books come first. A monthly close keeps TDS and GST right and feeds the March close, audit, tax return and HQ consolidation. Adullam's local team keeps them to Indian standards and deadlines.
What to do
Official: confirmed from the law, government notifications and expert sources · Case-specific: whether or how much it applies depends on your company; Adullam assesses it for you in consultation · Example: illustrative only.
Record sales, purchases, payroll and expenses and close before the 7th.
Source: adullamcorp.com · checkedInput tax credit must match GSTR-2B/IMS; portal checks are moving from warnings to hard blocks.
Source: dmifinance.in ·Even with a December-year parent, the Indian entity closes in March; we prepare December numbers for consolidation.
Source: patronaccounting.com ·Parent remittances, import payments and royalties booked under FEMA rules.
Source: adullamcorp.com · checkedBooks and vouchers are kept for at least eight years; electronic books need a backup on servers located in India.
Source: tallysolutions.com ·Deadlines
Source: setindiabiz.com · checked
Source: adullamcorp.com · checked
Source: beaconfiling.com ·
Source: taxguru.in ·
What we need from you
- Bank statements (monthly)
- Sales and purchase invoices, bills of entry
- Payroll register, expense receipts
- Intercompany agreements (services, royalty, loans)
Good to know
From 1 April 2026 the Income-tax Act, 2025 uses a single 'tax year'. Tax Year 2026-27 runs 1 April 2026 – 31 March 2027. Returns for 2025-26 (AY 2026-27) still follow the old Act.
Source: taxonation.com · checked
Penalties & interest
Our fees
See post-setup compliance
Adullam Incorporation lists company-law annual filings and dates.
Open Adullam Incorporation →Recent cases
Confirmed cases plus illustrative examples within real ranges; examples are labelled.
A sales entity with no revenue for six months still needed TDS, GST returns, closing and audit.
Are any of our Indian filings missing?
Our local accounting team and partner chartered accountant will look with you. The first consultation is free.
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