{"id":5797,"date":"2023-05-31T19:19:48","date_gmt":"2023-05-31T19:19:48","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=5797"},"modified":"2024-08-24T19:24:51","modified_gmt":"2024-08-24T19:24:51","slug":"how-to-choose-an-accounting-method","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/how-to-choose-an-accounting-method\/","title":{"rendered":"How to choose an accounting method ?\u00a0"},"content":{"rendered":"<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5798\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/accouning.-.png\" alt=\"accounting\" width=\"1612\" height=\"1012\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/accouning.-.png 1612w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/accouning.--300x188.png 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/accouning.--1024x643.png 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/accouning.--768x482.png 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/accouning.--1536x964.png 1536w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/accouning.--800x502.png 800w\" sizes=\"(max-width: 1612px) 100vw, 1612px\" \/><\/h2>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69da9336acca2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69da9336acca2\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-choose-an-accounting-method\/#How_to_choose_an_accounting_method\" title=\"How to choose an accounting method ?\u00a0\">How to choose an accounting method ?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-choose-an-accounting-method\/#Accrual_Basis_of_Accounting_also_called_Mercantile_Basis\" title=\"Accrual Basis of Accounting (also called Mercantile Basis)\">Accrual Basis of Accounting (also called Mercantile Basis)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-choose-an-accounting-method\/#Total_taxable_income_and_tax_payable\" title=\"Total taxable income and tax payable\">Total taxable income and tax payable<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-choose-an-accounting-method\/#Here_is_how_tax_will_be_calculated_on_your_income\" title=\"Here is how tax will be calculated on your income:\">Here is how tax will be calculated on your income:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-choose-an-accounting-method\/#How_to_calculate_advance_tax\" title=\"How to calculate advance tax?\">How to calculate advance tax?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-choose-an-accounting-method\/#Remember_to_deduct_TDS\" title=\"Remember to deduct TDS\">Remember to deduct TDS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-choose-an-accounting-method\/#Due_date_for_Advance_Tax\" title=\"Due date for Advance Tax\">Due date for Advance Tax<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-choose-an-accounting-method\/#Difference_between_accounting_and_bookkeeping\" title=\"Difference between accounting and bookkeeping\">Difference between accounting and bookkeeping<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-choose-an-accounting-method\/#India_Financial_consultancy_corporation_Pvt_Ltd_specialize_in\" title=\"India Financial consultancy corporation Pvt Ltd specialize in:\u00a0\">India Financial consultancy corporation Pvt Ltd specialize in:\u00a0<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-choose-an-accounting-method\/#Expertise_and_Experience\" title=\"Expertise and Experience: \">Expertise and Experience: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-choose-an-accounting-method\/#Tailored_Solutions\" title=\"Tailored Solutions: \">Tailored Solutions: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-choose-an-accounting-method\/#Data_Security_and_Confidentiality\" title=\"Data Security and Confidentiality: \">Data Security and Confidentiality: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.caindelhiindia.com\/blog\/how-to-choose-an-accounting-method\/#Cost_Savings_and_Efficiency\" title=\"Cost Savings and Efficiency: \">Cost Savings and Efficiency: <\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_to_choose_an_accounting_method\"><\/span><span style=\"color: #000080;\"><strong>How to choose an accounting method ?\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Using the cash basis of accounting method may appear to lower your tax liability. However, it is probable that it will merely postpone your tax payment However, you will not be able to save any money on taxes<\/li>\n<li>Once you&#8217;ve opted on an accounting method, you must follow it on a regular basis. If your goal is to save or avoid taxes, you are not allowed to change your accounting system frequently.<\/li>\n<li>Unless your receipts are irregular, imprecise, or unpredictable, it appears more sensible to use the Accrual Basis. The Income Tax Act states that books of accounts must be maintained for the purposes of income taxation. Section 44AA and Rule 6F have made these mandatory.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Accrual_Basis_of_Accounting_also_called_Mercantile_Basis\"><\/span><span style=\"color: #000080;\"><strong>Accrual Basis of Accounting (also called Mercantile Basis)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/05\/freelancing-income-tax-india..jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-3412\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/05\/freelancing-income-tax-india..jpg\" alt=\"freelancing income tax india\" width=\"959\" height=\"453\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/05\/freelancing-income-tax-india..jpg 326w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/05\/freelancing-income-tax-india.-300x142.jpg 300w\" sizes=\"(max-width: 959px) 100vw, 959px\" \/><\/a><\/p>\n<table style=\"height: 848px;\" width=\"984\">\n<tbody>\n<tr>\n<td><span style=\"color: #000080;\"><strong>Accrual Basis of Accounting<\/strong><\/span><\/td>\n<td><span style=\"color: #000080;\"><strong>Cash Basis of Accounting<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td>When a right to receive arises, income is accounted for or recorded.<\/td>\n<td>When income, is received it is recorded.<\/td>\n<\/tr>\n<tr>\n<td>When a payment obligation occurs, expenses are accounted for or booked.<\/td>\n<td>Expenses are recorded when they are paid.<\/td>\n<\/tr>\n<tr>\n<td>When income is booked, tax is due; nevertheless, tax may be due even if income has not been received.<\/td>\n<td>Tax liability occurs in the year in which income is received, obliging you to pay tax only when income is obtained.<\/td>\n<\/tr>\n<tr>\n<td>This method can be used for all types of income, however it is required for salary, house property, and capital gains.<\/td>\n<td>Only profits and losses from a business or profession, as well as income from other sources, are allowed to be calculated using this method.<\/td>\n<\/tr>\n<tr>\n<td>Example 1: You issue your client an invoice for a transaction on February 2nd, but you don&#8217;t be paid until April 4th. Based on the date the invoice was sent to the client, the revenue will be recorded in your account.<\/td>\n<td>Example 1: When the payment is received, revenue will be accounted for on April 4th (which will be the tax year after the year in which the invoice was raised or work was performed)<\/td>\n<\/tr>\n<tr>\n<td>Example 2: Your cellphone bill from February 15th to March 15th has arrived. For accounting purposes, this bill will be recorded as an expense in March.<\/p>\n<p>This applies regardless of whether you pay by the 31st of March or not (you may actually pay in the next tax year). When your books of accounts are closed on March 31st for tax purposes, the mobile bill for the remaining 15 days of March will be incurred using a reasonable basis, based on an estimate.<\/td>\n<td>Example 2: Your cell bill from the 15th of February to the 15th of March has arrived, and if you pay it before the 31st of March, it will be recorded as an expense in the month of March (therefore, gets booked in the same tax year).<\/p>\n<p>If you pay it in April, it will be recorded as an expense in the following tax year (though the expense or mobile usage pertains to the previous tax year).<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>It&#8217;s important to remember that the accounting method you chose must be followed for all clients, all revenues, and all expenditure.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Total_taxable_income_and_tax_payable\"><\/span><span style=\"color: #000080;\"><strong>Total taxable income and tax payable<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Making full use of Section 80 deductions can help you save money on taxes. Section 80C of the Income Tax Act encourages taxpayers to save for the future by providing tax relief on specified expenditure (by giving deductions on investments in financial products).<\/li>\n<li>Net Taxable Income = Gross Taxable Income \u2013 Deductions<\/li>\n<li>By claiming a deduction for the amount actually invested\/spent under this clause, you can lower your taxable income by up to Rs.1.5 lakh. If you are under the age of 60 and have a net taxable income of more than Rs.2.5 lakh, you must pay income tax.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Here_is_how_tax_will_be_calculated_on_your_income\"><\/span><span style=\"color: #000080;\"><strong>Here is how tax will be calculated on your income:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #ffcc00;\"><strong>Tax payable for a freelancer<\/strong><\/span><\/p>\n<figure id=\"attachment_3467\" aria-describedby=\"caption-attachment-3467\" style=\"width: 1009px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/05\/Income-Tax-Rates-for-FY-2020-21-FY-2021-22.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-3467\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/05\/Income-Tax-Rates-for-FY-2020-21-FY-2021-22.jpg\" alt=\"Income-Tax-Rates-for-FY-2020-21-FY-2021-22\" width=\"1009\" height=\"598\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/05\/Income-Tax-Rates-for-FY-2020-21-FY-2021-22.jpg 682w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/05\/Income-Tax-Rates-for-FY-2020-21-FY-2021-22-300x178.jpg 300w\" sizes=\"(max-width: 1009px) 100vw, 1009px\" \/><\/a><figcaption id=\"caption-attachment-3467\" class=\"wp-caption-text\"><span style=\"font-size: 16px;\">If a taxpayer&#8217;s total tax burden for the year exceeds Rs.10,000, he or she must pay taxes every quarter. This is referred to as advance tax.<\/span><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"How_to_calculate_advance_tax\"><\/span><span style=\"color: #000080;\"><strong>How to calculate advance tax?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Calculate your overall income by adding up all of your receipts.<\/li>\n<li>Subtract only the expenses that are directly relevant to your job.<\/li>\n<li>Include earnings from other sources, such as a rental property or a savings account.<\/li>\n<li>Determine your tax slab and compute your tax liability.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Remember_to_deduct_TDS\"><\/span><span style=\"color: #000080;\"><strong>Remember to deduct TDS<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>If your tax payment exceeds Rs.10,000, you must pay advance tax by the deadlines listed below.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Due_date_for_Advance_Tax\"><\/span><span style=\"color: #000080;\"><strong>Due date for Advance Tax<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"height: 301px;\" width=\"1071\">\n<tbody>\n<tr>\n<td>On or before 15th June<\/td>\n<td>Not less than 15% of advance tax<\/td>\n<\/tr>\n<tr>\n<td>On or before 15th September<\/td>\n<td>Not less than 45% of advance tax as reduced by the tax paid in the last installment.<\/td>\n<\/tr>\n<tr>\n<td>On or before 15th December<\/td>\n<td>Not less than 75% of advance tax as reduced by the tax paid till the last installments.<\/td>\n<\/tr>\n<tr>\n<td>On or before 15th March<\/td>\n<td>The whole amount (100%) of advance tax as reduced by the tax paid till the last installments.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Difference_between_accounting_and_bookkeeping\"><\/span><span style=\"color: #000080;\"><strong>Difference between accounting and bookkeeping<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7410\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/photo_2024-06-21_00-02-00.jpg\" alt=\"difference between accounting and bookkeeping\" width=\"1080\" height=\"1009\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/photo_2024-06-21_00-02-00.jpg 1080w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/photo_2024-06-21_00-02-00-300x280.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/photo_2024-06-21_00-02-00-1024x957.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/photo_2024-06-21_00-02-00-768x718.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/photo_2024-06-21_00-02-00-800x747.jpg 800w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7784\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/Books-of-Accounts.jpg\" alt=\"Books of Accounts under income tax law \" width=\"917\" height=\"1280\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/Books-of-Accounts.jpg 917w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/Books-of-Accounts-215x300.jpg 215w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/Books-of-Accounts-734x1024.jpg 734w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/Books-of-Accounts-768x1072.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/Books-of-Accounts-800x1117.jpg 800w\" sizes=\"(max-width: 917px) 100vw, 917px\" \/><\/h3>\n<h3 class=\"x_MsoNormal\"><span class=\"ez-toc-section\" id=\"India_Financial_consultancy_corporation_Pvt_Ltd_specialize_in\"><\/span><span style=\"color: #000080;\"><strong><span lang=\"EN-AU\">I<\/span><span lang=\"EN-AU\">ndia Financial consultancy corporation Pvt Ltd <\/span>specialize in:\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"x_MsoNormal\">\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Accounting<\/p>\n<p class=\"x_MsoNormal\">\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Bookkeeping<\/p>\n<p class=\"x_MsoNormal\">\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Payroll<\/p>\n<p class=\"x_MsoNormal\">\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Management Accounts<\/p>\n<p class=\"x_MsoNormal\">\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Accounts Receivable \/ Accounts Payable<\/p>\n<p class=\"x_MsoNormal\">\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Financial Modeling \/Financial Reporting \/ Financial Statement<\/p>\n<p class=\"x_MsoNormal\">\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Taxation<\/p>\n<p class=\"x_MsoNormal\">\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Strategic CFO Support<\/p>\n<p class=\"x_MsoNormal\">\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Compliance &amp; Reporting<\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-AU\">By partnering with I<\/span><span lang=\"EN-AU\">ndia Financial consultancy corporation Pvt Ltd. Services, you can expect:<\/span><\/p>\n<ul type=\"disc\">\n<li class=\"x_MsoListParagraphCxSpFirst\">\n<h4><span class=\"ez-toc-section\" id=\"Expertise_and_Experience\"><\/span><span style=\"color: #000080;\"><b><span lang=\"EN-AU\">Expertise and Experience<\/span><\/b><\/span><span lang=\"EN-AU\"><span style=\"color: #000080;\">:<\/span> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\"><span lang=\"EN-AU\">Our dedicated team brings extensive knowledge and experience in accounting and bookkeeping services. We stay updated with industry best practices to provide you with top-quality solutions.<\/span><\/p>\n<ul type=\"disc\">\n<li class=\"x_MsoListParagraphCxSpMiddle\">\n<h4><span class=\"ez-toc-section\" id=\"Tailored_Solutions\"><\/span><span style=\"color: #000080;\"><b><span lang=\"EN-AU\">Tailored Solutions<\/span><\/b><\/span><span lang=\"EN-AU\"><span style=\"color: #000080;\">:<\/span> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\"><span lang=\"EN-AU\">We understand that every organization is unique, and we customize our services to meet your specific requirements. We work closely with you to ensure our solutions align with your business objectives.<\/span><\/p>\n<ul type=\"disc\">\n<li class=\"x_MsoListParagraphCxSpMiddle\">\n<h4><span class=\"ez-toc-section\" id=\"Data_Security_and_Confidentiality\"><\/span><span style=\"color: #000080;\"><b><span lang=\"EN-AU\">Data Security and Confidentiality<\/span><\/b><\/span><span lang=\"EN-AU\"><span style=\"color: #000080;\">:<\/span> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\"><span lang=\"EN-AU\">We prioritize the security and confidentiality of your financial data. Our robust data protection measures and strict adherence to privacy regulations guarantee the safety of your sensitive information.<\/span><\/p>\n<ul type=\"disc\">\n<li class=\"x_MsoListParagraphCxSpMiddle\">\n<h4><span class=\"ez-toc-section\" id=\"Cost_Savings_and_Efficiency\"><\/span><span style=\"color: #000080;\"><b><span lang=\"EN-AU\">Cost Savings and Efficiency<\/span><\/b><\/span><span lang=\"EN-AU\"><span style=\"color: #000080;\">:<\/span> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\"><span lang=\"EN-AU\">Outsourcing your accounting and bookkeeping needs to us allows you to reduce overhead costs associated with hiring and training in-house staff. Our streamlined processes and technology-driven solutions enhance efficiency and productivity. <\/span><span lang=\"EN-AU\">We would be delighted to discuss the possibilities of establishing with your company to fulfill accounting and bookkeeping requirements.\u00a0<\/span>Let\u2019s set up a time to chat or call for further steps if this is something you are looking for!!<\/p>\n<p>Popular blogs :<\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-april-1-2016\/\">F&amp;Q on NRI Income Tax Compliance (Help Centre)<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/key-provisions-of-nri-taxability\/\">Key Provision for <\/a><a href=\"https:\/\/www.caindelhiindia.com\/blog\/income-tax-deductions-to-nri-in-india\/\">NRI Taxation<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/tax-implications-for-nris-who-want-to-sell-property-in-india\/\">Tax implication for NRI on selling property<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>How to choose an accounting method ?\u00a0 Using the cash basis of accounting method may appear to lower your tax liability. However, it is probable that it will merely postpone your tax payment However, you will not be able to save any money on taxes Once you&#8217;ve opted on an accounting method, you must follow &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[632],"tags":[555,554],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/5797"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=5797"}],"version-history":[{"count":5,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/5797\/revisions"}],"predecessor-version":[{"id":7785,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/5797\/revisions\/7785"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=5797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=5797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=5797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}