01Practice 1 of 3
Compliance is not difficult work. It is unforgiving work. A return filed late, a credit claimed after its window has closed, a statement that does not reconcile — each costs materially more to remedy than it would have cost to complete on time. This practice therefore runs to a calendar, and a due date is never the first occasion on which anyone examines it.
- Governing Acts
- Income-tax Act 2025 · CGST Act 2017
- GSTR-3B
- 20th of the following month
- TDS deposit
- 7th of the following month
- Return due date
- 31 July · 31 October if audited
Who it is for
Companies, LLPs, partnership firms and proprietors that require the statutory year administered properly — and any business that needs a lender-ready set of numbers.
What it covers
Bookkeeping and accounting
Recorded and closed monthly rather than assembled at year end. It is what allows an audit to begin from a finished set of accounts, and it is the difference between identifying a problem in March and discovering it the following December.
- Recording, classification and ledger scrutiny
- Bank, vendor and customer reconciliation
- Monthly close on an agreed calendar
- Books maintained under Accounting Standards or Ind AS
GST — monthly and annual
Input tax credit is lost more often to reconciliation failure than to any deliberate act. Section 16(4) sets a hard deadline and GSTR-2B sets the ceiling, so the books are matched against 2B before any credit is claimed.
- GSTR-1 and GSTR-3B, monthly or under the QRMP scheme
- GSTR-2B reconciliation against the purchase register, with vendor follow-up
- GSTR-9 annual return and GSTR-9C reconciliation statement
- Registration, amendment and letters of undertaking for exports
TDS — quarterly and annual
Deducted at the correct rate, deposited by the 7th and reported each quarter. These are the liabilities that accrue interest fastest when missed, and the first item a buyer's due diligence examines.
- Monthly deduction and deposit — section 392 on salary, section 393 on the rest
- Quarterly returns in Forms 138, 140 and 144
- Form 130 and Form 131 issued on time
- Lower or nil deduction certificates under section 395
Financial statements
The year-end set, prepared in the form the Companies Act prescribes rather than the form the accounting package happens to produce.
- Financial statements in Schedule III format
- Consolidation where the group requires it
- Notes and disclosures written to be read, not to be counted
- Depreciation under Schedule II, and the fixed asset register behind it
Income tax returns
Filed across every ITR form, with the computation reconciled to Form 168 and the Annual Information Statement before anything is submitted — an AIS mismatch is the single most common trigger for a notice.
- ITR-1 to ITR-7, as the entity and its income require
- Reconciliation against Form 168, AIS and TIS
- Quarterly advance tax computation before each instalment
- Original, revised and updated returns, all under section 263
Audit reports
Prepared and reported where statute requires, in accordance with the Standards on Auditing — together with a management letter setting out what we found in your controls, whether or not the law obliged us to raise it.
- Statutory audit reporting under section 143, with CARO 2020
- Tax audit under section 63 — the consolidated Form 26
- Internal and stock audit, physical count and reconciliation
- A management letter on control gaps, ranked by exposure
Provisional and projected statements
The statements a bank's credit team requires, in the form they expect, with the assumptions set out beside the figures rather than buried three tabs into a spreadsheet.
- Provisional financial statements for the current year
- Projected statements across the sanction period
- CMA data for working capital and term loan proposals
- The ratio analysis the credit note will be built on
What you receive
- A closed set of books each month, to a calendar agreed at the start of the year
- Every return filed within its window, with the acknowledgement on file
- Financial statements in Schedule III format, audit-ready
- A compliance calendar for the year, issued before the year begins
Engage us
A first conversation costs nothing and usually takes twenty minutes. Bring your most recent return, or simply the question.
The three practices
01You are here
Core CA Practice
Bookkeeping and accounting · GST and TDS compliance · Statements and returns · Audit and projections
An end-to-end finance team · Structuring and restructuring · Cash and working capital · Valuation and fundraising · Internal control audit
Incorporation and structure · DPIIT and grant assistance · Capital structuring and ESOPs · Legal assistance