Managing Your Accounting and Bookkeeping in India – New Issue of India Briefing Magazine

April 9, 2015 Posted by India Briefing Reading Time: 3 minutes

The new issue of India Briefing magazine, titled “Managing Your Accounting and Bookkeeping in India“, is out now and available as a complimentary download in the Asia Briefing Bookstore.

Ind-AS: Preparing for India’s New Accounting Standards
Complying with India’s Tax Filing Requirements
Remitting Profits from India: Procedures & Regulations for Foreign Businesses

The beginning of the new financial year is often a busy time for companies in India. After closing books for the 2014-15 financial year, businesses need to prepare for a number of related compliances that follow. While these operational concerns are certainly not unique to India, India’s business climate continues to evolve rapidly – the government is introducing a number of new compliances to compliment the old.

In this issue of India Briefing magazine, we spotlight three issues that financial management teams for India should monitor.

In the first article, we examine the new Indian Accounting Standards (Ind AS) system, which is expected to be a boon for foreign companies in India. We then highlight common filing dates for most companies with operations in India, specifically filings related to income tax, the Reserve Bank of India (RBI), and the Ministry of Corporate Affairs (MCA). Lastly, we examine procedures and regulations for remitting profits from India – a procedure that is often an afterthought for foreign businesses but which should be planned during the pre-investment phase.

As business interests in India grow, we invite our readers to stay in contact with Dezan Shira and Associates in India. Our team has assisted a diverse array of clients meet their accounting and bookkeeping obligations in India – we are always happy to help businesses plan ahead.

About Us

Asia Briefing Ltd. is a subsidiary of Dezan Shira & Associates. Dezan Shira is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in China, Hong Kong, India, Vietnam, Singapore and the rest of ASEAN. For further information, please email india@dezshira.com or visit www.dezshira.com.

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Establishing Your Sourcing Platform in India
In this issue of India Briefing, we highlight the advantages India possesses as a sourcing option and explore the choices available to foreign companies seeking to create a sourcing presence here. In addition, we examine the relevant procurement, procedural and tax duty concerns involved in sourcing from India, and conclude by investigating the importance of supplier due diligence – a process that, if not conducted correctly, can often prove the undoing of a sourcing venture.

Taking Advantage of India’s FDI Reforms
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