Managing Your Accounting & Bookkeeping in India- Preview

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Kind regards,
Adam Livermore
The beginning of the new financial year is often a
busy time for companies in India. After closingbooks
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.
This Month’s Cover Art
Untitled by Shanti Dave (1931)
Colour Woodcut on Paper, 51 x 58 cm
Delhi Art Gallery
| +91 11 4600 5300
Reference
India Briefing and related titles
are produced by Asia Briefing Ltd.,
a wholly owned subsidiary of
Dezan Shira Group.
Content is provided by Dezan Shira
& Associates. No liability may be
accepted for any of the contents of
this publication. Readers are strongly
advised to seekprofessional advice
when activelylooking to implement
suggestionsmade within this
publication.
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