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India × Accounting, Reporting & Statutory Compliance

Accounting, Reporting & Statutory Compliance in India

Accounts, reporting and filings that keep each company abroad up to date and compliant. In India, that means local law, local regulators and local practice, handled by a qualified professional who practises there.

Who handles this workNamed WONE Global lead
  1. What happens next · 1WONE Global acknowledges your requirement and confirms what's involved.
  2. 2SRGA Global runs its conflict checks.
  3. 3We confirm Sandeep Gupta as your named lead.
  4. 4You agree scope and fees directly with the firm before work begins.
India at a glanceSouth Asia

Mumbai · Sunday 15 November

05:50

Local time

Currency
INR
Working week
Monday – Friday
Commercial centres
Mumbai · Delhi NCR · Bengaluru · Chennai · Hyderabad
Dialling code
+91
Region
South Asia
Doing business in India →

What the rules say in India

Accounting, Reporting & Statutory Compliance, the essentials

From the India market guide: the points that matter most for accounting, reporting & statutory compliance, each with the source it was checked against.

Full guide · Source-checked research98% of statements checked against a source107 checked against an official source34 checked against a secondary sourceChecked 2026-10-19Not yet professionally reviewed

  • The Central Board of Direct Taxes notified the Income-tax Rules, 2026 and new forms on 20 March 2026 to operationalise the Income-tax Act, 2025.

    Central tax.Income Tax Department, Central Board of Direct Taxes · checked 2026-10-18
  • GST registration is required where annual aggregate turnover exceeds INR 2 million (INR 1 million in special category states), with a threshold of INR 4 million for persons making only intra-state supplies of goods, subject to exceptions.

    Composition scheme available up to INR 15 million turnover without input tax credit. Thresholds differ by state category.PwC Worldwide Tax Summaries · checked 2026-10-18
  • A transfer pricing master file is required for Indian entities of groups with consolidated turnover above INR 5 billion where transaction thresholds are met, and country-by-country reporting applies to groups with consolidated turnover above INR 64 billion.

    An accountant's transfer pricing report is also required for international and specified domestic transactions, filed one month before the return due date. Central tax.PwC Worldwide Tax Summaries · checked 2026-10-18
  • The Indian tax year runs from 1 April to 31 March, and companies must file their return by 31 October after the tax year, or by 30 November where transfer pricing provisions apply.

    Central tax. Advance tax is payable in instalments by 15 June, 15 September, 15 December and 15 March.PwC Worldwide Tax Summaries · checked 2026-10-18
  • Reporting of foreign investment is governed by the RBI's Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019.

    Central rule (RBI under FEMA).Department for Promotion of Industry and Internal Trade (DPIIT), Foreign Investment Facilitation Portal · checked 2026-10-18
  • The RBI Master Direction on Reporting under FEMA sets the reports that authorised persons and authorised dealer Category-I banks must submit, and is shown as updated on 1 October 2026.

    Central rule (RBI).Reserve Bank of India · checked 2026-10-18

Read the full guide: Tax, accounting and statutory reporting

Scope

What the service covers here

  1. 01Establish local accounting requirements
  2. 02Set reporting and close processes
  3. 03Manage statutory filings and records
  4. 04Align local reporting with group requirements

Key questions

What we will work through with you

  • What needs to be decided before accounting, reporting & statutory compliance work starts?
  • Who is professionally responsible in each country?
  • Which other work, such as tax or employment, must happen at the same time?
  • What information and decisions are needed from the business?

If your work involves another country or another area of expertise, WONE Global brings in the right professional and keeps all advisers informed.

WONE Global Partners in India

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The other named professionals responsible for WONE Global work in India.

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