Operations
Financial Planning & Budgeting
Annual business budget preparation, monthly variance analysis, rolling forecasts, and scenario modelling — giving business owners a forward-looking financial view. Annual budget, monthly actuals vs. budget review, rolling 12-month forecast, scenario planning, capital expenditure planning.
Annual business budget preparation, monthly variance analysis, rolling forecasts, and scenario modelling — giving business owners a forward-looking financial view. Annual budget, monthly actuals vs. budget review, rolling 12-month forecast, scenario planning, capital expenditure planning. We keep the work founder-friendly and evidence-led so the company can move without unnecessary back-and-forth.
- • Financial Planning scope review and action plan
- • Document checklist and evidence review
- • Drafting, computation, or filing support
- • Submission support and acknowledgement tracking
- • Follow-up on queries, corrections, or notices
- • Closure notes and next-step reminders
- • Trial balance and cash flow data
- • Bank statements and ledger access
- • Payroll or debtor / creditor reports
- • Budget or reporting format notes
See the fee table below for the statutory filing charge and common delay logic.
- • Section 128 of the Companies Act 2013
- • Section 134 of the Companies Act 2013
- • Schedule III of the Companies Act 2013
Monthly retainer. This service runs on a recurring monthly cycle — payroll, packs, or books land every month. Start at the link above with the triggering document; we confirm the monthly fee and delivery cadence after review, and the retainer renews until you cancel.
Process
How the service works
The workflow is built to be predictable: document collection, legal review, filing, and post-filing follow-through.
Confirm the scope
We map the exact service route to the trigger, form set, and documentary evidence so the work starts on the right footing.
Collect the records
We gather the company records, notices, or transaction documents needed for financial planning and check them for gaps.
Prepare the filing or memo
We draft the computations, filings, or advisory memo so the next person in the chain can review it quickly and confidently.
Submit and track follow-up
We move the file through submission, keep the acknowledgement trail tidy, and handle any follow-up questions that come back.
AEO summary
Financial planning and budgeting turns the books into a forward plan: an annual budget, monthly actuals-vs-budget variance review, a rolling 12-month forecast, and scenario models - built from the statutory books under Section 128 of the Companies Act 2013 with every assumption on the register.
Financial Planning & Budgeting workflow
We start by checking the exact trigger, the legal route, and the documents that make financial planning executable for a Private Limited company. That keeps the filing or advisory work tied to the actual statutory path instead of a generic checklist.
Once the scope is locked, we prepare the working papers, filings, and follow-up notes so the matter can move without unnecessary back-and-forth. The goal is to make the process understandable for the founder, the finance team, and the reviewer.
- • Scope mapping for financial planning
- • CA-led document review and drafting
- • Submission support and acknowledgement tracking
What this protects for the company
For a Private Limited company, the value is not just speed. It is also about keeping the record trail clean enough for banks, investors, regulators, and future diligence work.
A founder-friendly process lowers the chance of avoidable notices, rework, or missed deadlines while keeping the company aligned with the right section, rule, or circular in Operations.
- • Cleaner compliance evidence for Operations
- • Better preparation for diligence or audit
- • Less last-minute chasing inside the finance team
Government fees
Fee breakdown
| Item | Fee | Notes |
|---|---|---|
| Operating support | Discuss with us | Most finance-operations work is recurring and priced on scope rather than portal fee. |
| Connected filing | Nil | Any statutory filing later follows the normal portal schedule. |
Timeline
Typical turnaround
Typical timeline usually means a annual turnaround, assuming documents are complete and any board or shareholder approvals are already in place.
Most finance-operations work is recurring and priced on scope rather than portal fee.
The four repeals
No wealth tax, no estate duty, no gift tax, no angel tax
Four levies have been repealed or abolished over the last four decades — so most “is this taxed?” questions about wealth, inheritance, gifts, and startup fundraising have the same answer: not at the transfer itself. The tax shows up later, at the income or capital-gains stage.
The Wealth-tax Act, 1957 stands repealed from AY 2016-17. There is no wealth tax in India — net-wealth above a threshold is not a taxable event.
Repealed by Finance Act 2015, effective AY 2016-17
Finance Act 2015 s.79 — replaced by an additional 2% surcharge on income above ₹1 crore (current surcharge slabs are Finance Act-current)
The Estate Duty Act, 1953 was repealed in 1985. There is no estate duty or inheritance tax at the central level — inheriting assets is not itself a taxable event.
Repealed with effect from 16 March 1985 (deaths on/after that date)
Estate Duty (Amendment) Act 1985 — inherited assets are taxed only on eventual sale: ITA 1961 s.49(1) carries the previous owner’s cost; s.2(42A) Ex.1(i)(b) aggregates the holding period
The Gift-tax Act, 1958 ceased to apply to gifts made on or after 1 October 1998. Gifting is not a tax in itself — only selective receipts are taxed as income.
Abolished w.e.f. 1 October 1998 (Finance (No. 2) Act 1998 s.75)
ITA 1961 s.56(2)(x) — a gift is taxed as “income from other sources” only where the value received exceeds ₹50,000 without consideration, with exemptions for gifts to relatives, on marriage, or by inheritance / Will
The “angel tax” under s.56(2)(viib) is omitted for share issues on or after 1 April 2024 (AY 2025-26 onwards). Startups raising at fair value are no longer taxed on premium.
Omitted by Finance (No. 2) Act 2024 s.28, effective AY 2025-26
Pre-1-April-2024 issues remain exposed and litigable; s.68 (source of funds) scrutiny and Rule 11UA valuation discipline continue to apply
Statutory references are drawn from the Income-tax Act 1961. The Income-tax Act 2025 (assented August 2025) consolidates and renumbers the 1961 Act’s 819 sections into 536, effective 1 April 2026; the 1961 Act continues to apply to tax years beginning before that date. Section numbers cited here are the 1961 Act references; the corresponding 2025 Act numbers should be read with the official old-to-new mapping. Current surcharge slabs and capital-gains computation (post-2024 changes) are verified at engagement time, not stated here.
Related services
Keep the company moving
outsourced finance operations for SMEs — bookkeeping, payroll (designed for the Code on Wages 2019 as and when it commences), professional tax, MIS reporting, and Virtual CFO advisory. CA-led, not a back-office vendor
Monthly financial oversight without a full-time CFO — FP&A, budgeting, cash flow management, MIS reporting, fundraising support, and board-ready financial presentations
Statutory bookkeeping under Section 128 Companies Act and Section 44AA ITA. Books maintained on Tally Prime, Zoho Books, QuickBooks, or Xero — with monthly P&L, balance sheet, and MIS
Monthly payroll covering gross-to-net computation, TDS on salary (Sec 192, IT Act 1961 (≡ §392, IT Act 2025)), PF/ESIC deduction and remittance, Professional Tax (AP), and Form 16
FAQ
Frequently asked questions
What does an annual budget + monthly review engagement look like?
Is this a statutory filing?
How often do we meet to review actuals?
What should you send us before we start?
Canonical reference: https://www.pvtltd.co/services/financial-planning-budget
Get started
Ready to start your monthly retainer?
Start with the document that triggers the engagement. Our compliance team reviews it, confirms the monthly fee and delivery cadence, and the work runs month to month until you cancel.