Vidhu Duggal & Co....
Finalizing the Books: Year-End Accounting & Compliance Checklist 2025
Finalizing the Books: Your Year-End Financial Wrap-Up

03 Apr, 2025

By Vidhu

6523 Likes

Finalizing the Books: Your Year-End Financial Wrap-Up

The fiscal year is coming to an end, bringing a lot of regulatory compliance and tension involved in finalizing the books of accounts.

𝑚𝒎𝒊𝒅 𝒕𝒉𝒊𝒔 𝒄𝒉𝒂𝒐𝒔, 𝒅𝒐 𝒏𝒐𝒕 𝒇𝒐𝒓𝒈𝒆𝒕 𝒂𝒃𝒐𝒖𝒕 𝒕𝒉𝒆 𝒇𝒐𝒍𝒍𝒐𝒘𝒊𝒏𝒈𝒔:
🔹 Record each and everything in the books of accounts that have business concern
🔹 Verify inventory and other assets, and address any discrepancies
🔹 Establish provisions for potential liabilities
🔹 Prepare the financial statements for the year
🔹 Reconcile the GST data with the books
🔹 Prepare and file the annual GSTR
🔹 Make payments against any outstanding advance tax
🔹 Review and finalize Income Tax provision
🔹 Reconcile TDS and TCS with form 26 AS
🔹 Ensure compliance with transfer pricing
🔹 Make payments to all the small vendors
🔹 Make any tax saving investment needed

✅ 𝘊𝘭𝘰𝘎𝘊 𝘎𝘵𝘳𝘰𝘯𝘚, 𝘎𝘵𝘢𝘺 𝘀𝘰𝘮𝘱𝘭𝘪𝘢𝘯𝘵, 𝘢𝘯𝘥 𝘱𝘭𝘢𝘯 𝘎𝘮𝘢𝘳𝘵!


Let's Talk

Free Consultation

Related Post

Taxation & Legal Formalities to be followed by Expatriates

Taxation & Legal Formalities to be followed by Expatriates

06 Apr, 2022
TDS Deduction on Payment to Non Residents

TDS Deduction on Payment to Non Residents

06 Apr, 2022
Proposed Amendments in Finance Bill, 2020 applicable on Charitable Organizations

Proposed Amendments in Finance Bill, 2020 applicable on Charitable Organizations

04 May, 2022

Contact us

Get In Touch With Us