Society Accounting Services

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Comprehensive Accounting & Compliance Solutions for Housing and Registered Societies
Managing the financial affairs of a Co-operative Housing Society, Welfare Association, or Registered Society involves more than basic bookkeeping—it requires strict compliance with various tax and regulatory obligations. At A.K.S. & Associates, we provide end-to-end Society Accounting & Tax Compliance Services to ensure accuracy, transparency, and adherence to Indian statutory requirements.
From day-to-day accounting to filing GST, TDS, and income tax returns, we offer a one-stop solution tailored to the needs of residential, commercial, and charitable societies.

Our Society Accounting Services Include:
Day-to-Day Bookkeeping

  • Maintenance of cash book, bank book, general ledger, and other statutory records
  • Entry of income, expenses, member contributions, vendor payments, and fund allocations
  • Accounting using reliable software platforms for accuracy and traceability

Member Ledger Maintenance

  • Creation and updating of individual member accounts
  • Billing and recording of maintenance charges, sinking fund, parking, penalties, and other dues
  • Timely reconciliation of member payments and defaulters' list

Monthly Billing & Receipts Management

  • Generation of monthly bills and payment receipts for members
  • Recording of collections via cheque, UPI, NEFT, RTGS, and cash
  • Follow-up for outstanding dues with periodic reminders

Bank Reconciliation & Cash Flow Reports

  • Monthly bank reconciliation statements (BRS)
  • Preparation of cash flow reports for budget planning and expense tracking

Preparation of Financial Statements

  • Drafting of Trial Balance, Income & Expenditure Account, and Balance Sheet
  • Financial reporting support for AGM, Audit, and other statutory requirements

Tax & Compliance Services for Societies:
Income Tax Compliance

  • Filing of Society Income Tax Returns under Section 139(4A) / 139(4C), depending on applicability
  • Claiming exemptions for mutuality, Section 11, and other eligible deductions
  • Classification of income (maintenance, rental, interest, donations, etc.) and tax treatment

TDS Compliance

  • TDS deduction on contractor, professional, and rent payments
  • Filing of quarterly TDS returns (Form 26Q)
  • Issuance of Form 16A to vendors and professionals
  • TDS reconciliation with Form 26AS

Professional Tax (P.T.)

  • Professional Tax registration (if applicable) for societies with salaried staff
  • Monthly or annual P.T. return filing as per State Government rules
  • Support in handling notices and assessments from P.T. authorities

GST Registration & Filing (for applicable societies)

  • GST Registration for societies collecting maintenance above ?7,500 per month per member (subject to turnover threshold)
  • Filing of GSTR-1, GSTR-3B, and Annual GST Return (GSTR-9)
  • Maintenance of input tax credit (ITC) records and compliance with GST Act & notifications
  • Reconciliation of GST payments, invoices, and adjustments

Annual Audit & Compliance Support

  • Handover and coordination with appointed auditors
  • Assistance in preparing audit schedules and resolving audit remarks
  • Filing of audit reports with the Registrar of Co-operative Societies or Registrar of Societies

Why Choose A.K.S. & Associates for Society Accounting & Taxation?

✅ Deep expertise in Housing, Welfare & Charitable Societies
✅ End-to-end support covering Accounting, GST, TDS, P.T., and ITR Filing
✅ Timely services with year-round compliance monitoring
✅ Affordable packages with customized solutions for societies of all sizes
📞 Contact us today to ensure your society's finances are well-managed, compliant, and transparent.

 
     
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