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.