Loading...
Income Tax
Book of Accounts Keeping
Maintenance of books of accounts as per Income Tax Act and Companies Act requirements.
Overview
Maintenance of books of accounts is a statutory requirement under the Income Tax Act and the Companies Act for businesses, professionals, and entities above prescribed turnover thresholds. Proper books ensure accurate tax computation, smooth assessments, and compliance with regulatory authorities.
Our CA-backed team helps you set up and maintain books of accounts in line with applicable accounting standards and tax laws. We support cash and mercantile systems, chart of accounts design, ledger maintenance, trial balance, and period-end closing so your financial records are audit-ready and assessment-ready.
Whether you are a proprietorship, partnership, company, or professional, we tailor the scope to your turnover, industry, and compliance needs—from basic books to full double-entry systems with supporting vouchers and reconciliation.
How It Works
Step 1
We understand your business, turnover, and compliance requirements
Step 2
Chart of accounts and book-keeping structure are finalised
Step 3
Ongoing ledger entries, vouchers, and bank reconciliation
Step 4
Period-end closing and trial balance preparation
Step 5
Books are reviewed for tax and statutory compliance
Step 6
You receive organised records and reports for assessment or audit
Key Highlights
- ✓Compliant with Income Tax Act and Companies Act requirements
- ✓Chart of accounts and ledger design
- ✓Regular book-keeping and voucher maintenance
- ✓Bank and party reconciliation
- ✓Trial balance and period closing
- ✓Audit-ready and assessment-ready records
Why Choose This Service?
Secure & Compliant
All processes align with applicable laws and standards, ensuring your records meet regulatory and audit requirements.
Fast Processing
Efficient book-keeping and timely period closing so you stay on schedule for filings and assessments.
Expert Support
Dedicated support from qualified professionals for setup, maintenance, and compliance queries.
Transparent Pricing
Clear scope and pricing with no hidden charges; you know what you pay for.
Features Included
- ✓Books as per Income Tax and Companies Act
- ✓Chart of accounts and ledger setup
- ✓Daily or periodic book-keeping
- ✓Voucher filing and supporting documentation
- ✓Bank and ledger reconciliation
- ✓Trial balance and closing entries
- ✓Reports for tax and audit
- ✓Ongoing support and compliance advice
Documents Required
- PAN and GSTIN (if applicable)
- Bank statements and passbooks
- Invoices, bills, and vouchers
- Previous financials or opening balances (if any)
- Partnership deed or incorporation documents (if applicable)
- List of debtors, creditors, and inventory (if applicable)
Frequently Asked Questions
Under the Income Tax Act, businesses and professionals above specified turnover limits must maintain books. Companies must maintain books as per the Companies Act. We advise on applicability and scope based on your turnover and structure.
Frequency is agreed based on your volume—daily, weekly, or monthly. We ensure books are updated in time for period closing and any statutory or tax filings.
The service includes chart of accounts design, ledger maintenance, voucher organisation, bank reconciliation, trial balance, period closing, and reports for tax or audit. Scope can be customised to your needs.
Yes. We follow strict confidentiality and data security practices. Your financial data is handled only by authorised personnel and stored securely.
Yes. We can help reconstruct or clean up books for past periods, subject to availability of vouchers and documents. Contact us with your situation for a tailored plan.