Monthly accounting & compliance for foreign subsidiaries in India.
End-to-end bookkeeping, GST, TDS, and ROC compliance — run every month, on time, without surprises. We ensure every capital inflow, filing, and reconciliation is handled correctly, so your India entity stays audit-ready year-round.
A foreign-owned Indian subsidiary has monthly, quarterly, and annual obligations that run in parallel. GST and TDS are filed monthly, TDS returns quarterly, and statutory audit, income tax return, ROC filings, and FEMA's FLA return are annual. Missing any of these — even for a dormant entity — attracts penalties. We manage the entire cycle in-house.
Everything your India entity needs, every month.
Foreign-owned companies operate differently from domestic businesses — cross-border transactions, transfer pricing, foreign currency remittances, and a higher bar for documentation. Here's what we manage.
Monthly accounting
- Bookkeeping in Zoho Books, QuickBooks, or Tally
- Vendor invoice processing and expense categorisation
- TDS applicability checks and GST input validation (2B-based)
- Bank and intercompany reconciliation
- Accruals, month-end closing, and fixed assets register
GST compliance
- Review of outward supplies and reconciliation with books
- GST return filing — GSTR-1 and GSTR-3B
- GST input reconciliation (GSTR-2B) with reversal notifications
- Support for refund claims, where applicable
TDS compliance
- TDS applicability review and monthly deductions
- Challan payments
- Return filing — Form 24Q and 26Q
- Form 16 and 16A preparation, plus vendor TDS advisory
ROC & statutory compliance
- Annual return filing and board meeting documentation
- Statutory registers maintenance
- Auditor appointment support
- Event-based filings as they arise
Cross-border & foreign-owned entity support
- Intercompany agreement review and reimbursement checks
- Foreign payment TDS applicability
- Transfer pricing documentation coordination
- FEMA review and FC-GPR/FC-TRS coordination
Monthly reporting for leadership
- MIS summary and TDS/GST payable
- Key issues or risks flagged proactively
- Optional cash flow projection
- Full visibility for leadership overseas
Monthly, quarterly, and annual — tracked in parallel.
The compliance cycle for a foreign-owned Indian company runs on three simultaneous clocks. Missing any one has real consequences.
| Frequency | Filing / activity | Where it happens |
|---|---|---|
| Monthly | Bookkeeping, GST returns (GSTR-1, GSTR-3B), TDS deposit | GST Portal, Income Tax Portal |
| Monthly | Payroll compliance — PF, ESIC | EPFO, ESIC portals |
| Quarterly | TDS return filing — Form 24Q, 26Q | Income Tax Portal |
| Annual | Statutory audit and audit report | Independent auditor coordination |
| Annual | Income tax return filing | Income Tax Portal |
| Annual | ROC annual filings — AOC-4, MGT-7 | MCA Portal |
| Annual | FLA return (FEMA) | RBI FIRMS Portal |
| Annual | Transfer pricing documentation — Form 3CEB | Income Tax Portal |
A predictable five-step cycle.
Document collection
Statements, invoices, and data from your team — via email, Dropbox, Drive, or your internal tools.
Bookkeeping & reconciliation
We update books in Zoho, Tally, or QuickBooks and perform TDS checks, GST validations, bank reconciliation, vendor ledgers, and intercompany reconciliations.
Monthly review with you
You receive an MIS summary, TDS and GST payable, key issues or risks, and — optionally — a cash flow projection.
Tax filings
GST returns, TDS deductions and challans, TDS returns, and MCA compliance where applicable — completed before deadlines.
Compliance calendar tracking
We monitor every due date — monthly, quarterly, annual — so you never miss a deadline.
This isn't outsourced bookkeeping. It's structured India compliance.
Foreign-owned Indian companies require a different level of discipline and clarity. We specialise only in this niche — FEMA, FDI, and transfer pricing integrated with your monthly books, not bolted on separately.
A simple checklist — we handle the rest.
Common questions about monthly compliance.
Do you work only with foreign-owned entities?
+Can you work on US/UK time zones?
+Which accounting software do you use?
+Do you support statutory audit?
+Do you handle payroll as part of this service?
+Ready for predictable monthly compliance?
Schedule a no-obligation discovery call. We'll review your current setup and outline a clear compliance calendar.
Schedule a consultation Write to rohit@krprassociates.com