Section 128 & 134 of Companies Act, 2013 / Section 85 of Income-tax Act, 2025 (formerly Section 44AA of Income-tax Act, 1961) / Section 35 of CGST Act, 2017

Accounting Outsourcing

End-to-end accounting outsourcing and managed financial controllership services tailored to help enterprises maintain immaculate electronic ledgers, audit trail compliance, and real-time statutory reconciliations.

CA Due Diligence

Official Portal Filing

State Stamp Advisory

Accounting Outsourcing Statutory Advisory

Turnkey Statutory Filing

MCA & Tax Practice

Official Govt of India AuthorityMinistry of Corporate Affairs (MCA), Central Board of Direct Taxes (CBDT) & CBIC

Accounting Outsourcing Official Portal

Official government portal for Accounting Outsourcing filings, statutory compliances, and clearances.

Visit Govt Portal

STATUTORY OVERVIEW

Enterprise Managed Accounting, Controllership & Bookkeeping Outsourcing

In an era of stringent regulatory oversight, cloud ERP integration, and mandatory statutory audit trail logging under MCA rules, managing corporate finance in-house creates severe administrative overhead and compliance vulnerability. Our Accounting Outsourcing practice provides businesses with dedicated outsourced finance controllership, structured chart of accounts, periodic balance sheet finalizations, and real-time statutory alignment under Section 128 of the Companies Act, 2013, Section 85 of the Income-tax Act, 2025 (formerly Section 44AA of the Income-tax Act, 1961), and Section 35 of the CGST Act, 2017. We deliver enterprise-grade accounting accuracy, allowing leadership to focus wholly on strategic market expansion.

Statutory & Practice Summary • At-A-Glance

ICAI UDIN Authentication Mandate

Governing Framework

Section 128 & 134 of Companies Act, 2013 / Section 85 of Income-tax Act, 2025 (formerly Section 44AA of Income-tax Act, 1961) / Section 35 of CGST Act, 2017

Regulatory Authority

Ministry of Corporate Affairs (MCA), Central Board of Direct Taxes (CBDT) & CBIC

Professional Assurance

Chartered Accountants Attestation under ICAI Standards & Code of Ethics

DOCUMENTATION MATRIX

Mandatory Documents Checklist

Self-attested scanned copies required

1. Promoters / Partners / Directors KYC

✓Monthly Sales Invoices, Debit/Credit Notes & Export Shipping Bills
✓Vendor Purchase Bills, Service Contracts & Inward Delivery Challans
✓Bank Account Statements, Credit Card Logs & Payment Gateway Reports
✓Payroll Registers, Salary Disbursement Sheets & Employee Reimbursements

2. Registered Office & Premises Proof

✓Monthly GST Returns (GSTR-1, GSTR-3B) & Auto-Populated GSTR-2B Ledgers
✓TDS Challans, TRACES 26AS Statements & Annual Information Statement (AIS)
✓Fixed Asset Acquisition Invoices, Depreciation Schedules & Loan Sanctions
✓Previous Year Audited Financials, Trial Balance & Chart of Accounts

PROCEDURAL ROADMAP

Step-by-Step Filing & Approval Process

Structured execution roadmap managed by our Chartered Accountants from pre-filing due diligence to certificate allotment.

01Standard

Onboarding & Chart of Accounts Setup

Assessment of transaction volume, ERP selection, custom chart of accounts design, and historical ledger migration.

02Standard

Daily & Weekly Transaction Processing

Systematic recording of purchase vouchers, sales billing, expense claims, bank reconciliations, and payroll entries.

03Standard

Statutory Tax Cross-Reconciliation

Monthly reconciliation of GST input tax credits with GSTR-2B and withholding tax deduction ledgers with TRACES 26AS.

04Standard

Month-End Close & Executive MIS Pack

Issuance of certified P&L, balance sheet, cash flow statements, and key financial ratio analysis for executive leadership.

Statutory Bookkeeping & Cloud ERP Integration

Practice Scope & Statutory Guidance

We manage end-to-end recording of sales invoices, vendor bills, expense vouchers, journal entries, and asset additions across leading cloud platforms like Tally Prime, Zoho Books, QuickBooks, SAP, and NetSuite. Our team enforces strict double-entry principles, accrual accounting guidelines, and mandatory electronic audit trail (edit log) logging mandated by the Ministry of Corporate Affairs (MCA).

Bank, Vendor & GST 2B / TRACES Reconciliation

Practice Scope & Statutory Guidance

Periodic ledger reconciliations prevent cash leakage and unabsorbed tax credits. We perform automated multi-currency bank reconciliations, vendor ledger balance confirmations, quarterly customer aging analyses, and dynamic reconciliations of purchase registers with GSTR-2B input tax credits on gst.gov.in and TDS credits reflected in AIS/Form 26AS on incometax.gov.in.

Virtual CFO Advisory & Monthly Management Reporting (MIS)

Practice Scope & Statutory Guidance

Beyond transactional recording, we deliver Virtual CFO insights. Every month, leadership receives a detailed Executive MIS pack comprising Statement of Profit & Loss, Balance Sheet, Cash Flow Projections, Unit Economics, Working Capital Burn Rates, and Variance Analyses, enabling agile, data-backed commercial decisions.

STATUTORY MATRIX

Statutory Provisions & Regulatory Comparative Matrix

Comparative analysis of governing sections under the new framework alongside legacy statutory references.

Evaluation Parameter	Managed Accounting Outsourcing	Traditional In-House Team	Statutory Reference / Portal
Statutory Books Maintenance	Multi-tier chartered accountant oversight ensuring 100% compliance	Dependent on individual accountant skills and knowledge	Section 128 of Companies Act, 2013 / https://www.mca.gov.in/
Income Tax Books of Account	Structured ledgers aligned with Tax Audit and ICDS norms	High risk of omissions leading to Section 271A penalties	Section 85 of Income-tax Act, 2025 (formerly Section 44AA of 1961 Act)
Audit Trail (Edit Log) Compliance	Mandatory tamper-proof audit trail enabled on compliant software	Often disabled or manually overridden, risking MCA audit disqualification	Companies (Accounts) Rules / https://www.mca.gov.in/
Cost Structure	Scalable variable fee; saves 40–60% on salaries, benefits, and office space	Fixed overhead salaries, bonuses, recruitment fees, and software licenses	Operational Cost Benchmarks
GST & TDS Reconciliations	Dynamic 2B reconciliation preventing ITC loss and 26AS mismatch	Manual, sporadic checks resulting in lost input tax credits	https://www.gst.gov.in/ & https://www.incometax.gov.in/

ONGOING GOVERNANCE

Mandatory Post-Registration Compliances

Failing to complete statutory post-incorporation actions carries steep daily penalties. Our CA firm manages continuous compliance:

CompliancePeriodic

Monthly Statutory Tax Filings

Remittance and return filing of GST (GSTR-1, GSTR-3B) on gst.gov.in and TDS deposits on incometax.gov.in.

CompliancePeriodic

Quarterly TDS Returns (Form 24Q / 26Q)

Compiling quarterly withholding returns and downloading Form 16 / 16A certificates from TRACES.

CompliancePeriodic

Annual Audit File Readiness

Preparation of lead schedules, grouping sheets, and supporting vouchers for statutory auditors under Companies Act, 2013.

CompliancePeriodic

MCA Annual E-Filing Support

Assisting in compiling XBRL / non-XBRL AOC-4 balance sheet disclosures for electronic submission on mca.gov.in.

FREQUENTLY ASKED QUESTIONS

Statutory FAQs & Practical Guidance

Authoritative answers to common questions regarding Accounting Outsourcing.

What are the statutory requirements for maintaining books under Section 85 of the Income-tax Act, 2025?

Under Section 85 of the Income-tax Act, 2025 (formerly Section 44AA of the Income-tax Act, 1961), every business exceeding specified income or turnover thresholds must maintain books of account (cash book, journal, ledgers, inventory registers, and original vouchers) enabling proper tax assessment on the official Income Tax portal (https://www.incometax.gov.in/). Failure to comply attracts penalty under the Act.

How does outsourcing accounting ensure MCA audit trail (edit log) compliance?

Under the Companies (Accounts) Rules administered by the Ministry of Corporate Affairs (https://www.mca.gov.in/), companies must use accounting software equipped with an immutable audit trail tracking each transaction edit, user timestamp, and original value. Our outsourced teams exclusively deploy and configure certified ERPs with active audit logs to pass statutory auditor scrutiny under CARO 2020.

Can your team integrate with our existing ERP (Tally, Zoho, SAP, QuickBooks)?

Yes. We support all major accounting software and cloud ERP ecosystems including Tally Prime, Zoho Books, QuickBooks Online, SAP Business One, and Oracle NetSuite, establishing seamless data pipelines with zero disruption to daily sales and operations.

How do you handle confidentiality and proprietary financial data security?

We sign legally binding non-disclosure agreements (NDAs), utilize multi-factor authentication (MFA), bank-grade AES-256 encrypted file storage, and role-restricted user access rights to ensure complete data confidentiality.

STATUTORY ADVISORY DESK • ICAI COMPLIANT

Statutory Inquiries & Practice Advisory

In strict conformity with ICAI Council Guidelines No. 1-CA(7)/06/2004, professional engagements for Accounting Outsourcing are accepted following formal conflict verification and statutory documentation. Contact our registered practice offices for procedural guidance.

Contact Practice Office +91 99140-14949