Devotion Global CSP

Financial Record Management

Accounting & Corporate Tax Services

Routine bookkeeping and annual corporate income tax return filing adhering to Indian Accounting Standards (Ind AS) and ICAI Guidelines.

Routine Bookkeeping: Monthly/quarterly ledger maintenance on Tally Prime, Zoho Books, or QuickBooks.
Income Tax Submissions: Filing ITR-6 for corporate entities, Advance Tax calculations, and Computation of Total Income.
Financial Statements: Preparation of Schedule III Balance Sheets and Profit & Loss statements for AGM and MCA filing.

Outsource Accounting

Complete Statutory Compliance

Prevent penalties under the Income Tax Act, 1961 and Companies Act, 2013 with timely tax filings and audited general ledgers.

Regulatory & Corporate Governance

Legal & Statutory Considerations

Navigating legal mandates under the Indian Companies Act, 2013, secretarial standards, and statutory accounting document retention regulations.

8-Year Record Retention: Statutory retention of books of accounts as mandated under Section 128 of Companies Act.
Corporate Governance: Board resolutions, Director Reports, and Audit Committee compliances.
MCA Annual Filings: Mandatory filing of AOC-4 (Financial Statements) and MGT-7 (Annual Return) via the MCA V3 portal.

Review Legal Compliance

Statutory & Legal Protection

Ensure full legal adherence to MCA, GST, and Income Tax Department rules to protect directors from penal consequences.

Independent Assurance

Tax Audit & Statutory Audit Services

Independent statutory financial audits, Section 44AB Tax Audits by practicing Chartered Accountants, and representation before Income Tax Authorities.

Statutory & Tax Audit (Form 3CA/3CB & 3CD): Audit services for entities exceeding statutory turnover thresholds.
Income Tax Scrutiny Support: Professional representation during Faceless Assessments and queries under Sec 143(3).
Internal Financial Controls (IFC): Audit of financial controls and risk governance models.

Schedule Audit Support

Audit Readiness Assessment

Thorough pre-audit reviews to ensure your balance sheet and Form 3CD declarations conform strictly to ICAI & Income Tax standards.

MCA Statutory Mandate

Resident Director Services

Fulfill Section 149(3) of the Indian Companies Act, 2013, requiring every company to have at least one resident director who stays in India for a total period of not less than 182 days.

Nominee Resident Director Appointment: Qualified Indian Resident Directors with valid DIN and Digital Signature Certificates (DSC).
Non-Executive Governance: Protect foreign promoters' management rights while maintaining 100% MCA compliance.
Indemnity & Escrow Support: Transparent indemnity agreements and structured nominee governance.

Appoint Resident Director

Nominee Resident Director

Section 149(3) Companies Act Mandate

Instant MCA Approval Ready

Cross-Border & Domestic Compliance

TDS & Foreign Withholding Tax Advisory

Manage Tax Deducted at Source (TDS/TCS) on domestic vendors and Section 195 withholding taxes on cross-border payments made to non-resident entities.

TDS Filing & Form 15CA/15CB: Quarterly TDS returns (Form 26Q/27Q) and CA certifications for foreign remittances.
DTAA Benefit & Tax Relief: Lower tax withholding applications utilizing Tax Residency Certificates (TRC).
Royalty & Technical Service Fees: Structuring cross-border payments for software, IP, and management fees.

File TDS / Withholding Tax

Withholding Tax Rates (Sec 195) Overview

Interest Payments: 5% - 20% (Subject to treaty/section)

Royalties & FTS: 20% + Surcharge & Cess (Subject to DTAA)

Dividend to Foreign Shareholders: 20% + Surcharge & Cess

Regional Tax Comparison

ASIA TAX Rates Matrix

Compare corporate tax rates, GST/VAT rates, and capital gains policies across key Asian financial jurisdictions to optimize your cross-border model.

Jurisdiction	Corporate Tax Rate	GST / VAT Rate	Capital Gains Tax	Dividend Tax
India	15% / 22% (Sec 115BAB / 115BAA)	18% (Standard GST)	12.5% - 20%	10% - 20% (TDS / DTAA)
Singapore	17%	9%	0% (None)	0%
Hong Kong	16.5%	0%	0% (None)	0%
Malaysia	24%	8% (SST)	0% - 10%	0%
Indonesia	22%	11%	Prevailing Rate	10%
Vietnam	20%	10%	20%	5%

Bookkeeping & Tax Advisory India