Setindiabiz Virtual CFO helps startups and small businesses focus on their growth while we handle their accounting, as well as monthly or quarterly TDS and GST filing. Our services are affordable and accountable. Talk to us to get started.
| S.No | Business Size Indicator | Startup Pack | Basic Pack | Silver Pack | Gold Pack |
|---|---|---|---|---|---|
| A | 10 Lakh | 15 lakh | 25 lakh | 50 lakh* | |
| B | Up to 15 | 50 | 100 | 200* | |
| C | Up to 5 | 10 | 15 | 20* | |
| The following is included. | |||||
| 1 | Bookkeeping | ||||
| 2 | Monthly Financial Statements | ||||
| 3 | TDS Return Filing | ||||
| Monthly Fee | ₹ 2500 ($30) | ₹ 4200 ($50) | ₹ 6500 ($75) | ₹ 8500 ($100) | |
You are not alone; more than 85% of businesses in India outsource their tax filing to a consultant, and in the case of small businesses, the number is more than 95%. Setindiabiz is a team of experienced professionals and accountants with over two decades of experience handling your bookkeeping, GST and TDS filing compliance. Availing of our virtual CFO Services is a wise decision given the laws and regulations such as accounting standards, companies act, LLP act, income tax act, and GST Act, which runs over 10,000 pages and possibly more.
Our virtual cfo services in India relieve you of your worries and offer financial reporting, discipline and corporate governance through remote accounting and responsible tax filing services. While this page is dedicated to accounting, TDS, and GST filing, you may also benefit from our payroll and compliance retainership services.
We offer CFO Services for accounting, tax filing, payroll, labour law compliance, and company secretarial services. You may avail yourself of any or all of our standalone GST or TDS Return filing services, comprehensive accounting, payroll and labour law services, and secretarial compliance.
One dedicated accountant from our office works closely with you to complete bookkeeping every month and file the GST and TDS Returns hassle-free and before the due dates. Explore Pricing
For businesses with up to 5 to 10 transactions and who would prefer annual accounting, we offer standalone services for filing the GST Return or the TDS Return at an affordable pricing. GST Returns | TDS Returns
We offer monthly payroll services based on the number of employees. The service includes monthly payroll, TDS computation for employees, PF, ESIC, professional tax, and LWF return filing. Learn More
The Companies Act 2013 requires every company to maintain a set of registered minutes of the Board of Directors and shareholders meetings. We help you with Corporate Governance. GST Returns
Accounting is the backbone of every business where a trained person needs to record all the business transactions, such as purchases or sales, in the case of a trading company and, for the service sector, the billing for the services provided. The payments and receipts in the bank or cash must also be identified and recorded in the appropriate ledger to make a correct balance available. We have seen businesses needing help with this essential finance function. Therefore, our accounting services and the Virtual CFO Services are beneficial. In the following paragraphs, we have dealt with the regulatory aspect of accounting for the companies and the LLP.
Section 128 of the Companies Act 2013 provides mandatory preparation and maintenance of Books of Account for Companies in India. It further provides that the accounting should be prepared in a double-entry system of bookkeeping and must be kept at the registered office of the company. In case the books of account are not maintained at the registered office of the company, then the address of such other place must be reported to the ROC in form AOC-5 within seven days of the decision to maintain the books of account at a place other than the registered office by the Board.
Similar provisions are provided in Section 34 of the LLP Act, 2008. The LLP is also mandated to maintain proper records and books of account that reflect its correct financial position. Just like companies, the books of account of the LLP must be kept at the registered office of the LLP. There is no provision under the LLP Act regarding maintaining the books of account at some other place than the registered office of the LLP.
Companies that maintain their books on accounting software, such as Tally, Busy, Zoho, etc., must have the audit log feature enabled. This feature records every change made in the Books of Account.
Digital accounting helps owners track real-time financial transactions on their mobile devices. Unlike traditional accounting systems, where the reports are prepared and shared by accountants, digital accounting systems allow business owners access to real-time reports. We have a pool of trained accountants to help you migrate to new-age cloud-based accounting systems such as Zoho Books and Zoho Inventory. We have the best virtual cfo services in India.
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In our CFO package, we provide monthly financial statements after the end of a particular month that comprise the Trial Balance, Profit and Loss Account and the Balance Sheet. The trial balance shows the closing balance of a specific ledger, which helps in collecting outstanding balances from customers. The profit and loss account gives a clear picture of revenue vs expenses and Individual components affecting the profitability of the company. The balance sheet helps you understand the correct position of the company’s assets and liabilities.
GST is levied on the supply of goods and services. To follow various provisions under the GST, the taxpayers are required to file periodical GST Returns. The returns under GST contain the details of supplies made, a statement of input tax and outward GST payable, and details on how GST liability is discharged. Based on the type of the taxpayer and the nature of transactions, various returns under GST may be required to be filed. Our accountants and tax filers analyse the requirements of GST Filing and do what is necessary. The virtual CFO packages take care of all the compliances relating to GST.
TDS is the short form of Tax Deducted at Source, also known as withholding Tax. While making payments against bills such as Rent, professional fees, contractors, etc., the TDS must be deducted at the applicable rate prescribed under the Income Tax Act. These deductions are mandatory, and the TDS’s non-deduction would amount to the disallowance of such expenses while computing the Income Tax Liability. The TDS deducted during the month needs to be deposited to income tax within the seventh of next month.
| Quarter | Period | TDS Return Due Date | Date to Issue Form 16 |
|---|---|---|---|
| Q1 | April to June | 31 July | 15 August |
| Q2 | July to September | 31 October | 15 November |
| Q3 | October to December | 31 January | 15 February |
| Q4 | January to March | 31 May | 15 June |
