Smart Tax-Saving Strategies for Individuals in 2024
Smart Tax-Saving Strategies for Individuals in 2024 Even for salaried professionals, it is possible to manage one's taxes proactively....
The process of recording, summarizing, and analyzing financial activities of a business is called accounting and bookkeeping services. The businesses have to keep accurate records because accounting helps in making decisions and financial planning.
There are various laws and regulations that primarily govern the operation of accounting firms in India. This includes the Companies Act 2013, the Income Tax Act 1961, and the Goods and Services Tax (GST) Act 2017. The accounting system of India is based on the Generally Accepted Accounting Principles of the country, although the system is in the process of convergence to IFRS to achieve comparability and uniformity in presentation of financial statements.
Indian companies have to maintain adequate accounting records according to the relevant accounting standards. According to the Companies Act 2013, Indian companies are required to prepare and file financial statements with the Registrar of Companies every year. These include the balance sheet, profit and loss account, and cash flow statement, and these should be audited by an independent qualified chartered accountant.
Income Tax Act 1961 requires that a business in India files their income tax returns every year. Such tax returns to be filed are accompanied by audited financial statements comprising the balance sheet and profit and loss account. The accounting profession of India is regulated by ICAI along with existing laws and regulations. The ICAI prescribes and issues accounting standards and guidelines, as well as conducts professional development programs for accountants in India.
The Indian accounting system is very robust and gives a valid framework for proper presentation and transparency in financial reporting for companies. It is expected that companies will perform their activities per the relevant laws and maintain proper records of financial transactions. Such activities boost investor confidence and promote economic growth in the country.
Looking for trusted and professional accounting services in Gurgaon for your startup or SME? At Gupta Varun & Co. (GVC), we help you streamline financial operations with expert bookkeeping, accurate reporting, and Virtual CFO support-so you stay compliant and make confident business decisions.
Whether you are just starting or scaling fast, our services address your stage, sector, and compliance needs.
Have accurate and clear records of your finances with our full-cycle bookkeeping services’s Includes:
Tools we use: Tally, QuickBooks, ZohoBooks, SAP, and other cloud-based software. Perfect for small businesses, startups, and consultants who want organized books without any hassle.
Stay on top of your financial health by reporting in a timely manner according to statutory and strategic requirements, Includes:
Ideal for: internal decision making; updating investors; loan applications
Use data for every key decision to be taken-right from inventory planning to expense control.
Get strategic financial oversight without hiring a full-time CFO. Our Virtual CFO model is ideal for startups, funded businesses, and SMEs that are preparing to grow, Includes:
Plug a seasoned finance expert into your leadership team-on demand.
Gain full visibility into income, expenses, profit margins, and cash flows. Make timely corrections and plan with certainty.
We ensure your records meet all the requirements under the Income Tax Act, GST Act, and Companies Act—reducing audit risk and penalty exposure.
Leverage MIS and reports to guide pricing, cost management, working capital decisions, and fundraising strategies.
Outsourcing frees up internal resources, saves hiring/training costs, and lets you focus on business development, not data entry.
Avoid costly errors and late filings. Our structured monthly packages ensure value without hidden costs.
Gain access to Chartered Accountants and CFO-level advisors—ideal for complex structuring, investor presentations, and scenario modeling.
As your business grows, our service delivery scales with you. No need to rebuild internal teams for new markets, volumes, or verticals.
We prepare investor-grade financial models, MIS decks, and compliance documentation needed for pitch rounds and VC due diligence.
Whether you are a startup looking for guidance or an established company in need of expert compliance support, we’re here to help. Reach out today; our team is just a message away.
Looking for professional guidance on accounting, tax, or compliance matters? Our team is prepared to guide you with solutions tailored to your business goals. Schedule your consultation now and take the first step toward clarity and growth.
We make financial support easy-from your first conversation to your final outcome. Here’s how we help you move forward with clarity:
Do you have questions about tax, compliance, or how to scale your startup? Our team can help with expert, hassle-free advice, tailored to the needs of your business. Let’s build your financial future-together.
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Gupta Varun & Co. is a professional Chartered Accountant firm providing reliable accounting, tax, compliance, and advisory services for startups and growing businesses across India.
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