Knowledge hub

We provide statutory, tax and internal audits; internal financial controls advisory; income-tax, TDS and GST compliance and representation; bookkeeping, group accounting and virtual-CFO support; finance-process automation; and company-law compliance including incorporation and annual MCA filings. Each practice area has its own page under Services.

Yes. We prepare income-tax returns for salaried individuals, professionals, HUFs and non-residents, handle capital-gains and property transactions, respond to income-tax notices, and issue certificates such as Forms 15CA/15CB for foreign remittances.

Our team's experience covers automotive and auto-component manufacturing, industrial pump manufacturing, facility and pest-control services, beverage and FMCG trading, agri-business groups, retail and technology start-ups. The methods transfer well to most product and service businesses.

We begin with a short discovery call or meeting to understand the business, the statutory obligations and the systems in use. We then issue an engagement letter that sets out the scope, the responsibilities of each side, timelines and the information we need. Work starts once the letter is signed.

Every engagement has a named point of contact and an agreed timeline. Routine updates go by email or WhatsApp, and larger assignments have scheduled review calls. Compliance clients receive a monthly calendar of upcoming due dates and the status of each filing.

Client confidentiality is a professional obligation under the ICAI Code of Ethics. We share documents through access-controlled cloud folders, use password-protected files for sensitive data, restrict access on a need-to-know basis and do not use client data for any purpose other than the engagement. Our privacy notice explains how website enquiries are handled.

The office is at 3rd Floor, above Cafe Coffee Day, near Kalyan Nagar Bus Stand, Bengaluru 560043. We are open Monday to Saturday from 10:00 AM to 7:00 PM IST, and on Sundays by prior appointment. Video and telephone consultations are available.

Yes. Every company incorporated under the Companies Act 2013, whatever its size or turnover, must have its annual financial statements audited by a Chartered Accountant. The size-based thresholds people often quote apply to tax audit, not statutory audit. LLPs need an audit when turnover exceeds ₹40 lakh or partner contribution exceeds ₹25 lakh.

A tax audit under the Income-tax Act is required for a business whose turnover exceeds ₹1 crore in the tax year, or ₹10 crore where cash receipts and cash payments are each within 5% of the total. For a profession the threshold is gross receipts above ₹50 lakh. Taxpayers under presumptive schemes who declare lower income than the presumptive rate may also need an audit.

A statutory audit is an independent opinion on whether the financial statements give a true and fair view, required by law and addressed to shareholders. An internal audit is commissioned by management or the board to evaluate operations, risk management and internal controls, and its output is recommendations rather than an opinion.

Typically: the trial balance and ledgers, bank statements and reconciliations, sales and purchase registers, fixed-asset register, inventory records and valuation, loan agreements and confirmations, statutory registers and board minutes, tax returns and challans, and the previous year's audited statements. We send a tailored checklist after the planning meeting.

It depends on the size of the entity, the quality of the books and how quickly information reaches us. A small company with reconciled books can be completed in about a week of fieldwork; larger or multi-location businesses take longer. We agree the timetable in the engagement letter and plan backwards from the filing deadlines.

Internal Financial Controls over Financial Reporting are the policies and procedures that make sure financial statements are reliable. Directors of every company report on internal financial controls in the Board's report, and statutory auditors of most companies (other than certain small and one-person companies) must opine on their adequacy and operating effectiveness. Our IFC service helps management document and test that framework.

Yes. We issue certificates that banks, regulators and counterparties ask for, such as net-worth certificates, turnover certificates, fund-utilisation certificates and agreed-upon-procedure reports, in line with ICAI's guidance on certificates and the applicable Standards.

The Income-tax Act, 2025 came into force on 1 April 2026 and replaced the Income-tax Act, 1961. It consolidates the law into fewer sections, replaces 'previous year' and 'assessment year' with a single 'tax year', and re-numbers most provisions. Tax rates, the return-filing calendar and TDS mechanics largely continue, but section references in older documents no longer match. We map old references to the new Act in every computation we prepare.

For a tax year ending 31 March: individuals and entities not subject to audit file by 31 July; businesses requiring a tax audit file the audit report by 30 September and the return by 31 October; taxpayers with transfer-pricing reporting file the return by 30 November. A belated or revised return can be filed up to 31 December. The government sometimes extends these dates by notification.

Anyone whose tax liability for the year, after TDS, is ₹10,000 or more must pay advance tax in four instalments: 15% by 15 June, 45% by 15 September, 75% by 15 December and 100% by 15 March. Taxpayers under the presumptive schemes for small businesses and professionals pay the whole amount by 15 March. Resident senior citizens without business income are exempt. Use our advance-tax planner under Insights to work out the instalments.

Yes. We analyse the notice, reconcile it with the return, AIS and 26AS, prepare the response with supporting documents, and represent the taxpayer in e-proceedings, faceless assessments, rectifications and first appeals.

Form 15CA is the remitter's declaration filed before sending money abroad, and Form 15CB is the Chartered Accountant's certificate on the taxability of that remittance and the TDS applied. Most taxable remittances above ₹5 lakh in a year need both. We prepare the tax analysis, issue Form 15CB and file Form 15CA with the bank's documentation.

Yes. We advise on residential status, income taxable in India, treaty relief under the applicable DTAA, TDS on payments to non-residents, and file returns for NRIs and foreign companies with Indian income.

Under the Income-tax Act the penalty for under-reporting is generally 50% of the tax on the under-reported income, rising to 200% where the under-reporting results from misreporting such as false entries or suppression of facts. Interest for late payment and late-filing fees apply separately. Timely, accurate filing avoids all of these.

TRACES (TDS Reconciliation Analysis and Correction Enabling System) is the Income Tax Department's portal at tdscpc.gov.in for everything related to tax deducted or collected at source: viewing Form 26AS, downloading Forms 16 and 16A, filing correction statements and checking defaults through justification reports.

TDS deducted in a month must be deposited by the 7th of the following month, except tax deducted in March, which is due by 30 April. Quarterly statements in Forms 24Q, 26Q and 27Q are due on 31 July, 31 October, 31 January and 31 May for the four quarters. TCS statements in Form 27EQ are due on 15 July, 15 October, 15 January and 15 May.

Form 16 (salary) must be issued to employees by 15 June after the end of the tax year. Form 16A for non-salary deductions must be issued within 15 days of the due date for filing the quarterly statement, that is by 15 August, 15 November, 15 February and 15 June.

TRACES raises a default, usually short deduction at the higher rate or unmatched challan. It is fixed by filing an online correction statement: PAN corrections, challan additions or corrections and deductee-row changes can all be made on TRACES with digital signature. We review the justification report every quarter and clear defaults before interest accumulates.

Yes. A deductee whose actual tax liability is lower than the TDS rate can apply to the assessing officer in Form 13 for a certificate authorising lower or nil deduction. Individuals with income below the taxable limit can furnish Form 15G or 15H for specified incomes such as interest. We prepare and follow up these applications.

Registration is compulsory when aggregate turnover in a financial year exceeds ₹40 lakh for suppliers of goods in most states, including Karnataka, and ₹20 lakh for suppliers of services. Lower limits of ₹20 lakh and ₹10 lakh apply in special-category states. Registration is required regardless of turnover for inter-state supply of goods, e-commerce sellers on operator platforms, and persons liable under reverse charge.

Regular taxpayers file GSTR-1 by the 11th and GSTR-3B by the 20th of every month. Businesses with turnover up to ₹5 crore may opt for the QRMP scheme: quarterly GSTR-1 and GSTR-3B (due on the 13th and 22nd of the month after the quarter in Karnataka) with monthly tax payment through PMT-06 by the 25th. Composition dealers file CMP-08 quarterly and GSTR-4 annually. All regular taxpayers with turnover above ₹2 crore file the annual return GSTR-9 by 31 December.

Input tax credit can be claimed only for invoices that appear in your GSTR-2B, which depends on your vendors filing GSTR-1 on time and with the correct GSTIN. Mismatches come from late vendor filings, wrong GSTINs, credit notes and ineligible items under the blocked-credit rules. A monthly reconciliation before filing GSTR-3B, with vendor follow-up, is the only reliable fix, and it is one of the processes we automate.

For GSTR-1 and GSTR-3B the late fee is ₹50 per day (₹25 CGST plus ₹25 SGST), reduced to ₹20 per day for nil returns, subject to caps that depend on turnover. Interest at 18% per annum applies on tax paid late. Continued non-filing can lead to suspension or cancellation of registration and blocking of e-way bills.

GSTR-9, the annual return, is mandatory for regular taxpayers with aggregate turnover above ₹2 crore and optional below that. GSTR-9C, the self-certified reconciliation statement between the audited financial statements and the annual return, is required when turnover exceeds ₹5 crore. Both are due by 31 December following the financial year.

Yes. We reply to scrutiny (ASMT), demand (DRC) and audit notices with reconciliations and legal submissions, attend hearings, and support departmental audits with working papers. We also file refund claims for exporters and inverted-duty cases.

With documents ready, name approval and incorporation through the MCA's SPICe+ process typically take one to two weeks, including PAN, TAN, EPFO, ESIC and optional GST registration. The main variables are name availability and how quickly directors complete digital signatures and identity documents.

At minimum: a board meeting each half-year, the annual general meeting within six months of year-end, filing audited financial statements in Form AOC-4 within 30 days of the AGM, the annual return in Form MGT-7 or MGT-7A within 60 days of the AGM, DIR-3 KYC for every director by 30 September, DPT-3 for deposits and loans by 30 June, and ADT-1 when an auditor is appointed. Income-tax, TDS and GST filings run alongside.

Late filing of AOC-4 and MGT-7 attracts an additional fee of ₹100 per day per form with no upper limit, and prolonged default can lead to the company being struck off and directors being disqualified. Catching up quickly is always cheaper than waiting.

It depends on the number of owners, plans to raise outside capital, the compliance budget and the tax profile. Companies suit venture funding and ESOPs; LLPs offer limited liability with lighter compliance; partnerships and proprietorships are simplest for small owner-run businesses. We compare the options for your situation before incorporation.

Recognition under the Startup India initiative is available to eligible private companies, LLPs and partnerships that are under ten years old with turnover below ₹100 crore and an innovative business model. Benefits include self-certification under certain labour and environmental laws, faster patent examination, easier public-procurement norms and eligibility to apply for the income-tax holiday. We handle the application and the follow-on tax-holiday request.

Tally Prime and Tally ERP 9, Zoho Books, Zoho Creator and Zoho CRM, QuickBooks and SAP. We also build Tally TDL customisations and Python connectors where a standard report does not exist.

Replacing repetitive manual finance tasks with scripts and workflows: for example, matching the purchase register against GSTR-2B and the bank statement automatically each month, sending ageing-based reminders to customers, or pulling Tally data into a management dashboard every morning. The result is faster closes, fewer errors and audit-ready data.

Yes. After mapping your current process we build workflows using tools your team already licenses wherever possible, such as Zoho Flow, Excel and Tally, adding Python or webhooks only where needed. Every automation comes with documentation and training so your team can run it without us.

Yes. We set up charts of accounts, cost centres, GST and TDS masters, voucher types and custom reports in Tally Prime, migrate data from other systems, and train users. We also write TDL add-ons for reports such as Form 26AS reconciliation or deal-wise trading analysis.

Usually yes. Cloud tools such as Zoho Books give real-time access to owners and accountants, automatic backups, bank feeds and e-invoicing at a modest subscription. We help choose between cloud and desktop software based on volumes, the need for multi-user access and integration with billing or inventory systems.