ICAI REG. NO. 139415 Peer-reviewed firm · Pune, India · Practicing since 2012

Monthly Accounting & Compliance for Foreign Subsidiaries in India

Practice — Accounting & Tax

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.

Quick answer

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.

Full scope

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.

A

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
B

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
C

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
D

ROC & statutory compliance

  • Annual return filing and board meeting documentation
  • Statutory registers maintenance
  • Auditor appointment support
  • Event-based filings as they arise
E

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
F

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
Compliance calendar

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
Our monthly process

A predictable five-step cycle.

01

Document collection

Statements, invoices, and data from your team — via email, Dropbox, Drive, or your internal tools.

02

Bookkeeping & reconciliation

We update books in Zoho, Tally, or QuickBooks and perform TDS checks, GST validations, bank reconciliation, vendor ledgers, and intercompany reconciliations.

03

Monthly review with you

You receive an MIS summary, TDS and GST payable, key issues or risks, and — optionally — a cash flow projection.

04

Tax filings

GST returns, TDS deductions and challans, TDS returns, and MCA compliance where applicable — completed before deadlines.

05

Compliance calendar tracking

We monitor every due date — monthly, quarterly, annual — so you never miss a deadline.

Why foreign companies choose KRPR

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.

6+3+2
CAs, CS, and lawyers on your engagement
20+
Accounting & tax specialists in-house
US/UK
Time zone coordination for monthly reviews
1
Team handling books, tax, FEMA & TP together
What we need from you monthly

A simple checklist — we handle the rest.

Bank statements — for reconciliation.
Expense invoices — vendor and operational costs.
Vendor list — for TDS applicability checks.
Employee list — for payroll-related TDS.
Intercompany transaction details — for TP and FEMA coordination.
New contracts or agreements — any changes to intercompany terms.
Frequently asked questions

Common questions about monthly compliance.

Do you work only with foreign-owned entities?

+
Yes — this is our core niche. Every workflow, template, and compliance calendar we maintain is built specifically for foreign-owned Indian subsidiaries.

Can you work on US/UK time zones?

+
Yes, for monthly review calls and coordination with your overseas HQ, we schedule around your leadership's working hours, not just IST business hours.

Which accounting software do you use?

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Zoho Books, Tally, and QuickBooks — depending on your group's existing preference. We work in your systems, or set up new ones if you don't have a preference yet.

Do you support statutory audit?

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Yes, including all documentation and schedules your auditor needs — coordinated directly by our team so nothing is delayed by incomplete books.

Do you handle payroll as part of this service?

+
Payroll has a dedicated team and page — but it's fully integrated with your monthly accounting, so TDS, PF, and ESIC figures flow cleanly between the two.

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

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