Accounting & Tax in Hyderabad
Ind AS books, ITR-6, GST, and transfer pricing — India CFO function as a service. irpr.network manages all Telangana state compliance — Telangana Shops and Establishments Act 1988 requires registration with the Labou...
At a Glance
Timeline
Books live in 10 working days; tax filings on statutory deadlines
City
Hyderabad, Telangana
State PT
Telangana PT: gross salary up to ₹14,999/month = ₹0; ₹15,000–₹19,999 = ₹150/month; ₹20,000 and above = ₹200/month
Compliance
Companies Act 2013 · Income Tax Act · Ind AS
Ind AS
Accounting standard
22%
Base corporate tax rate
30 Nov
ITR-6 deadline
Form 3CEB
TP certification required
Deliverables
What irpr.network handles for Accounting & Tax in Hyderabad
Monthly bookkeeping under Ind AS (converged IFRS standards)
Chart of accounts aligned to parent company reporting
Accounts payable and receivable management
Bank reconciliation and monthly MIS reports
Statutory audit coordination with Big-4 or Tier 1 CA firm
Annual ITR-6 filing (corporate income tax) by 30 November
Advance tax computation and payment (4 instalments: June, Sept, Dec, March)
Transfer Pricing: Local File, Master File, Form 3CEB
GST returns: GSTR-1, GSTR-3B, GSTR-9 annual return
TDS returns: Form 24Q (salary), Form 26Q (vendor), Form 27Q (foreign payments)
Form 15CA and 15CB for foreign remittances
Cost centre reporting and inter-company reconciliation with parent
Telangana Compliance
Telangana Shops and Establishments Act 1988 requires registration with the Labour Department within 30 days of opening. Working hours: 9 hours/day, 48 hours/week, with mandatory 30-minute break after 5 hours of continuous work. Annual leave: 12 earned leave days after 12 months of service. Telangana…
Full Telangana guide →Professional Tax — Telangana
Telangana Professional Tax: gross salary up to ₹14,999/month = ₹0; ₹15,000–₹19,999 = ₹150/month; ₹20,000 and above = ₹200/month. PT is remitted to the Commercial Taxes Department by the 10th of the following month. PT registration is mandatory within 30 days of employer commencing business in Telangana.
IT Zones in Hyderabad
- HITEC City
- Raheja Mindspace IT Park SEZ
- Gachibowli IT Corridor
- WaveRock
Process
How Accounting & Tax works in Hyderabad
Books setup
Chart of accounts created in Tally, Zoho Books, or QuickBooks (aligned to parent's reporting). Opening balances migrated.
Monthly accounting
Vendor invoices posted, bank reconciled, payroll entries booked, depreciation computed. Monthly MIS report delivered by the 10th.
GST compliance
GSTR-1 and GSTR-3B filed monthly. Input Tax Credit reconciled. LUT renewed annually for zero-rated IT exports.
Tax planning & filing
Advance tax computed and paid in 4 instalments. Annual ITR-6 with tax audit (Form 3CD) filed by 30 November.
Transfer Pricing
Benchmarking study (TNMM or CUP method), Local File, Master File (if applicable), and Form 3CEB certified by a CA by 30 November.
Why irpr.network
Accounting & Tax in Hyderabad — why choose irpr.network
Hyderabad offers Bangalore-quality engineering talent at a 10–15% cost advantage, with a more responsive state government (TS-iPASS guarantees single-window clearance in 15 days), lower commercial real estate costs, and a dramatically less congested commute environment - making it the top alternative for GCCs seeking to de-risk Bangalore concentration.
Local expertise
Telangana Shops Act, PT, and state-specific compliance
Zero penalties
All statutory deadlines met — SLA-backed
Fast setup
Books live in 10 working days; tax filings on statutory deadlines
Full compliance
Companies Act 2013 · Income Tax Act
Hyderabad Snapshot
Talent pool
Second highest in India - 800,000 IT professionals
Salary band
₹7–45 LPA for tech roles
Top sectors
FAQ
Accounting & Tax in Hyderabad — common questions
How does Accounting & Tax work in Hyderabad?
irpr.network handles accounting & tax in Hyderabad end-to-end — from Telangana state registrations to ongoing monthly compliance. Chart of accounts created in Tally, Zoho Books, or QuickBooks (aligned to parent's reporting). Opening balances migrated. Books live in 10 working days; tax filings on statutory deadlines.
What Telangana compliance is required for Accounting & Tax?
In Hyderabad, the primary state compliance requirements are: Telangana Shops and Establishments Act 1988 requires registration with the Labour Department within 30 days of opening. Telangana Professional Tax: gross salary up to ₹14,999/month = ₹0; ₹15,000–₹19,999 = ₹150/month; ₹20,000 and above = ₹200/month. irpr.network manages all state-level registrations and filings as part of the Accounting & Tax service.
What is the corporate income tax rate for a GCC?
The base rate is 22% (effective 25.17% including surcharge and cess). New manufacturing entities set up after 1 October 2019 qualify for 15% (effective 17.01%). Most GCCs pay at the 25.17% effective rate.
What is the advance tax schedule?
Advance tax is required if annual tax liability exceeds ₹10,000. Instalments: 15% by 15 June, 45% by 15 September, 75% by 15 December, 100% by 15 March. Shortfall attracts interest under Section 234B and 234C.
What is Transfer Pricing for GCCs?
TP rules require inter-company transactions (management fees, cost-plus margins) to be at arm's length. GCCs typically use TNMM cost-plus (8–15% markup). Form 3CEB must be certified by a CA and filed by 30 November.
Does a GCC need a statutory audit?
Yes. Every Indian company must have accounts audited by a CA under Section 139 of the Companies Act. Tax audit under Section 44AB also applies for most GCCs. Audit report (Form 3CA/3CB and 3CD) must be completed before filing ITR-6.
Get started
Accounting & Tax in Hyderabad — talk to our team
irpr.network handles Telangana compliance end-to-end. Books live in 10 working days; tax filings on statutory deadlines.