N D Savla & Associates — Header
Business Enquiries (24 Hrs): +91 98190 00511 +91 98218 32683 +91 91670 58000
Open 24 Hours ICAI Registered Firm
Accountant Services Mumbai | N D Savla & Associates — Professional CA Accounting
Bookkeeping & Accounting

Accountant Services in Mumbai
Bookkeeping, Accounts Finalisation, GST, TDS & Tax Filing

Professional accountant services in Mumbai — bookkeeping, accounts finalisation, GST returns, TDS compliance, payroll, income tax filing, financial statements. Chartered Accountant firm in Andheri East Mumbai.

Part of our practice: Outsourced Accounting Mumbai Outsourced Bookkeeping Financial Reporting MIS GST Return Filing

Overview

Core Accountant Services We Provide

Every business in Mumbai — from the smallest startup to a well-established mid-sized enterprise — needs professional accounting services to manage its financial records, meet its statutory compliance obligations, and provide its management team with the financial information needed to run the business effectively. The quality of accounting support a business receives directly determines the accuracy of its financial picture, the timeliness and correctness of its tax and regulatory filings, and the quality of the financial information available to its management team and stakeholders. N D Savla & Associates provides comprehensive professional accountant services to businesses and individuals across Mumbai — delivered by qualified Chartered Accountants and experienced accounting professionals with a deep understanding of Indian accounting and tax law.

The term "accountant services" covers a wide spectrum — from the most basic bookkeeping of receipts and payments to the preparation of complex consolidated financial statements under Ind AS. N D Savla & Associates provides services across this entire spectrum, calibrating the scope and depth of service to the specific size, complexity, and needs of each client. For a small trading business with monthly transactions below Rs. 50 lakh, the service might be primarily monthly bookkeeping, GST return filing, and annual income tax return preparation. For a mid-sized manufacturing company with multiple product lines, plants, and a large workforce, the service would extend to management accounts, budget monitoring, cost accounting, payroll processing, statutory audit support, and Ind AS financial statements. For an individual with salary, investments, and a rental property, the service would cover annual ITR filing with comprehensive deduction optimisation and AIS/26AS reconciliation.

The distinctive feature of accounting services provided by N D Savla & Associates compared to a standalone accounting executive or data-entry bookkeeper is the depth of professional knowledge embedded in every engagement. Our team is led by Chartered Accountants who understand not just the mechanics of accounting but the compliance implications of every transaction — whether a payment is deductible under the Income Tax Act, whether a supply attracts GST at the standard rate or a concessional rate, whether a transfer between related parties has transfer pricing implications, whether a proposed business transaction changes the accounting and tax treatment of the underlying income. This professional depth means that our clients receive not just accurate records but proactive compliance advice that prevents problems before they arise.

01

Monthly Bookkeeping and Accounts Maintenance

Monthly bookkeeping is the foundation of every accounting engagement. We record all financial transactions of the business in the accounting software — sales invoices, purchase invoices, bank and cash transactions, payroll entries, depreciation entries, and all other accounting events — ensuring that every transaction is correctly classified, GST is correctly recorded, and TDS implications are properly captured. The books are reconciled with bank statements every month, and any discrepancies are identified and resolved. The outcome of clean monthly bookkeeping is a set of accounts that accurately reflects the financial position and performance of the business at any point in time — which is the prerequisite for every other accounting and compliance service.
02

Accounts Finalisation and Year-End Closing

The year-end accounts finalisation process takes the monthly bookkeeping and converts it into the formal annual financial statements that are used for statutory audit, income tax filing, and regulatory compliance. The finalisation process includes: review and reconciliation of all account balances; computation and booking of year-end accruals (salary accruals, outstanding expenses, advance income); computation of depreciation for the full year under the Income Tax Act written-down value method and under Schedule II of the Companies Act (where applicable); stock valuation and adjustment; provision for income tax; and preparation of the final trial balance from which the financial statements are drawn. The finalised financial statements — profit and loss account, balance sheet, and notes to accounts — are prepared in the format appropriate to the entity type (Companies Act Schedule III format for companies, or the standard format for partnerships and proprietorships). N D Savla & Associates targets completion of the year-end finalisation within 60 days of the financial year-end, giving adequate time for the statutory audit to be completed and the ITR to be filed before the 31 October deadline.
03

GST Compliance — Returns, Reconciliation, and Advisory

GST compliance is the most time-sensitive and most frequently penalty-prone statutory obligation for most Indian businesses. Our GST service covers: preparation and filing of GSTR-1 (outward supplies, due on the 11th of the following month); preparation and filing of GSTR-3B (tax payment return, due on the 20th of the following month); monthly reconciliation of GSTR-2B (auto-populated ITC statement) with the purchase register to identify eligible and ineligible ITC; computation of the GST liability for payment; preparation and filing of GSTR-9 (annual return, due by 31 December); and preparation of GSTR-9C (self-certified reconciliation statement, where applicable). Beyond the mechanical filing, our CA-led team provides GST advisory — advising on the GST implications of specific transactions, the correct classification of supplies under the applicable HSN/SAC codes, the availability of ITC on particular purchases, and the response to GST notices and queries from the tax authorities.
04

TDS Compliance — Deduction, Deposit, and Filing

TDS compliance requires constant attention — TDS must be deducted on every payment that crosses the applicable threshold, deposited by the 7th of the following month (30th April for March), and reported in quarterly returns. Our TDS service covers: identification of TDS-deductible payments in the monthly accounting; computation of the correct TDS amount at the applicable section and rate; deposit of TDS by the due date; and preparation and filing of quarterly TDS returns (Forms 24Q for salary, 26Q for non-salary) within the prescribed deadlines. We also issue TDS certificates (Form 16 for salary, Form 16A for non-salary) to deductees and assist with the correction of TDS returns where errors are identified. Given the penalty of Rs. 200 per day under Section 234E for late filing of TDS returns and the interest of 1.5% per month under Section 201 for late deposit, the cost of non-compliance with TDS obligations is significant — making it essential to have professional oversight of the TDS function.
05

Professional Tax and Shops & Establishments Compliance

Maharashtra Professional Tax (PT) is a state-level tax levied on individuals engaged in professions, trades, and employment. Employers are required to deduct PT from employees' salaries (at the rates specified in the Maharashtra State Tax on Professions, Trades, Callings and Employments Act 1975) and deposit it with the state government, along with filing the periodic PT return. N D Savla & Associates handles PT computation for all employees, PT deposit, and PT return filing for client businesses. We also assist with Professional Tax Registration (PTRC for employers and PTEC for self-employed professionals) and with compliance under the Maharashtra Shops and Establishments Act (which requires businesses to register and maintain attendance and leave records for employees).
06

Income Tax Return Preparation and Filing

The annual income tax return filing is the culmination of the year's accounting work. N D Savla & Associates prepares and files income tax returns for businesses (ITR-5 for partnership firms and LLPs, ITR-6 for companies, ITR-3 for proprietorships and individuals with business income) and individuals (ITR-1 for simple salaried profiles, ITR-2 for capital gains and foreign assets, ITR-3 for business income, ITR-4 for presumptive taxation). The ITR preparation process includes: review of the annual financial statements to identify any income tax adjustments (disallowances under Section 40A(3), Section 43B, depreciation differences, and others); computation of the tax liability including MAT/AMT where applicable; reconciliation with Form 26AS and AIS to verify TDS credits and identify any income reported by third parties but not declared; and preparation and e-filing of the return before the applicable deadline.
07

Payroll Processing and Salary Compliance

Our payroll processing service covers the complete monthly payroll cycle for businesses of any size — from a startup with 5 employees to a mid-sized company with 200 employees. We compute monthly gross salary for each employee based on the applicable salary structure; compute all statutory deductions (PF employee contribution, ESI employee contribution, professional tax, and TDS on salary using the projected annual income and declared investments); prepare the monthly payroll register and payslips; prepare the PF ECR for electronic deposit through the EPFO unified portal; prepare the ESI contribution for deposit through the ESIC portal; and prepare the payroll accounting journal entry for the books. We deliver the payroll register and payslips by the 25th of each month to allow time for salary disbursement on the last working day.

In Detail

Specialised Accounting Services

01

Project and Job Costing

For businesses that execute projects or jobs — construction companies, IT project-based businesses, contract manufacturers, and service businesses with distinct engagements — project costing is essential for understanding the profitability of each project and for pricing future projects correctly. We set up project codes or cost centres in the accounting software, track all revenue and costs to the applicable project, and prepare project-wise P&L reports that show the gross margin, cost overruns, and completion status of each project. This project-level financial visibility is a significant improvement over the standard entity-level P&L that most businesses with project-based revenue rely on.
02

Fixed Asset Accounting and Depreciation Schedules

Fixed assets — property, plant, machinery, vehicles, computers, and other long-lived assets — require specific accounting treatment including capitalisation at cost, depreciation under the applicable method and rate, retirement and disposal accounting, and revaluation where permitted and applicable. We maintain a complete fixed asset register for each client, tracking each asset's original cost, date of purchase, depreciation rate (under both the Income Tax Act WDV method and the Companies Act Schedule II straight-line method where both are required), accumulated depreciation, and written-down value at each year-end. The fixed asset register is the basis for the depreciation charge in the P&L, the net block disclosure in the balance sheet, and the CARO 2020 disclosure requirements for statutory auditors.
03

Statutory Audit Support and Working Paper Preparation

Statutory audit preparation is one of the most time-intensive parts of the year-end accounting process, particularly for companies required to get their accounts audited under the Companies Act 2013. N D Savla & Associates prepares comprehensive audit working papers for each client — including the audit trail from the trial balance to the financial statements, supporting schedules for all significant balance sheet items, management representation letters, CARO 2020 disclosures, and all other information required by the statutory auditor. By providing well-organised, complete working papers, we significantly reduce the time and cost of the statutory audit and facilitate a smooth and timely sign-off by the auditor.

In Detail

Who We Serve — Accountant Services for Every Business Type

01

Small and Medium Businesses

Most Mumbai SMEs need a reliable, cost-effective professional accounting service that handles all their routine compliance (GST, TDS, payroll, PT) and annual filings (ITR, ROC, statutory audit) without requiring the business owner to spend time managing these obligations personally. N D Savla & Associates provides this complete accounting support on a monthly retainer basis, giving the business owner confidence that all compliance is handled correctly and on time — freeing their attention for growing the business.
02

Individuals and Professionals

Individual professionals — salaried executives, freelancers, doctors and lawyers in private practice, and investors with significant portfolios — benefit from professional accounting support for their annual ITR filing, capital gains computation, deduction optimisation, and financial planning. N D Savla & Associates provides individual accounting and tax services ranging from a simple ITR-1 filing to a complex ITR-2 with foreign assets, capital gains, and multiple income sources, or an ITR-3 with business and professional income.
03

Startups and Growing Businesses

Startups in the early growth phase often have accounting needs that outpace their internal capacity — investor board reports, DPIIT recognition filings, ESOP accounting, foreign investment FEMA compliance, and the rapid scaling of transaction volumes that comes with growth. N D Savla & Associates provides flexible accounting support to startups that grows with the business — from basic bookkeeping and GST compliance in the early stage, to full-scope outsourced accounting, MIS, and Virtual CFO services as the business scales.

In Detail

Contact N D Savla & Associates for Accountant Services

N D Savla & Associates provides professional accountant services to businesses and individuals across Mumbai. Contact us for a free consultation to discuss your specific accounting needs and get a transparent fixed-fee proposal.

Related Services

Explore Our Wider Practice

These services connect directly with this engagement across the bookkeeping & accounting function:

Outsourced Accounting Mumbai
Outsourced Bookkeeping
Financial Reporting MIS
GST Return Filing
Bookkeeping Overview
Virtual CFO Services

Frequently Asked Questions

Common Questions

What is the difference between a bookkeeper and a CA firm for accounting services?

A bookkeeper records transactions but typically has limited knowledge of tax implications, GST law, TDS provisions, and compliance requirements. A CA firm provides bookkeeping as part of a broader service that also covers compliance — ensuring GST is correctly accounted for, TDS is correctly deducted and deposited, provisions are correctly made at year-end, and the financial statements are prepared in accordance with applicable standards. The additional cost of a CA firm over a standalone bookkeeper is justified by the compliance knowledge and professional oversight that reduces the risk of errors, penalties, and notices.

Can N D Savla & Associates handle accounting for a company with multiple branches?

Yes. We handle accounting for businesses with multiple locations or branches — either through a consolidated set of books in a single accounting company with cost centre coding for each branch, or through separate books for each branch that are consolidated at the entity level for financial reporting. For multi-location businesses, the MIS reports we prepare include both entity-level consolidated figures and branch-level breakdowns, giving management visibility into each location's performance.

What is the monthly cost for accountant services?

The monthly fee depends on the volume of transactions, the complexity of compliance requirements, the number of employees (for payroll), and the level of MIS and financial reporting required. For a small business with transaction volume below 100 entries per month, fees typically start from Rs. 3,000-5,000 per month for basic bookkeeping and GST compliance. For a larger SME with full-scope accounting, payroll, MIS, and compliance management, fees range from Rs. 15,000 to Rs. 50,000 per month depending on scope. We provide a transparent, fixed monthly fee after an initial discovery discussion.

Speak with N D Savla & Associates

Chartered Accountants, Mumbai & Pune. Talk to our team about Accountant Services in Mumbai — scope, timelines and how the engagement is structured for your business.

Call +91 98218 32683 Contact Us
N D Savla & Associates — Footer