Tax Filing Made Simple
Virtual CFO Services for US-India
Business Compliance
Expert financial guidance and compliance management for businesses operating across US and Indian markets. Seamless, compliant, and strategic.
Compliance Dashboard
Real-time Compliance Monitoring
Track all your filing requirements, due dates, and compliance status in one centralized dashboard.
Real-time Compliance Monitoring
Our dashboard provides real-time visibility into your compliance status across all jurisdictions, with intelligent alerts for upcoming deadlines and requirements.
US Entity Status
Compliant
India GST Filing
Due in 5 days
Form 5471
Overdue
TDS Filing
Upcoming
Compliance Analytics
Our dashboard provides real-time visibility into your compliance status across all jurisdictions, with intelligent alerts for upcoming deadlines and requirements.
US Compliance Score
US Compliance Score
US Compliance Score
US Compliance Score
Our Expertise
Specialized Knowledge in Cross-Border Financial Compliance
Our team brings deep expertise in navigating the complex landscape of US-India financial regulations to ensure your business remains fully compliant while maximizing financial opportunities.
US-India Tax Treaty
Expert guidance on leveraging the US-India Double Taxation Avoidance Agreement (DTAA) to optimize your tax structure and ensure proper claiming of foreign tax credits.
Transfer Pricing Compliance
Compliant and strategic cross-border pricing for related entity transactions to minimize tax risks between US and Indian entities.
GST & Sales Tax Nexus
Tracking nexus thresholds across all US states for sales tax compliance and managing GST filings across all Indian states once thresholds are reached.
RBI FEMA Compliance
Navigate complex Reserve Bank of India (RBI) and Foreign Exchange Management Act (FEMA) regulations for cross-border transactions and investments.
US Payroll Compliance
Compliantly manage US payroll across all 50 states, including Federal, state, and local income tax calculations, Social Security and Medicare taxes (FICA), and Form W-2/W-4 processing.
Entity Structure Optimization
Strategic guidance on LLC, S-Corporation, or C-Corporation structures, including how taxes paid can be claimed in India under the treaty when an Indian company is your holding or subsidiary.
About Our Expertise
Bridging Financial Complexities Between US and India
Our team comprises experts with extensive experience in both US and Indian financial systems, tax regulations, and compliance requirements. We understand the nuances of cross-border operations and provide tailored solutions that ensure seamless financial management.
CA & CPA Dual Expertise
Access to professionals qualified in both US CPA and Indian CA credentials, providing comprehensive tax filing expertise for Forms 1120, 5471, 1065, 8858, and state franchise taxes.
Tax Treaty & Entity Optimization
Strategic guidance on optimal entity structures (LLC, S-Corp, C-Corp) and expert navigation of the US-India tax treaty to ensure taxes paid can be properly claimed in both jurisdictions.
Comprehensive Compliance Management
End-to-end management of compliance requirements including RBI FEMA regulations, GST/sales tax nexus tracking, FBAR filings, and managing payroll across all 50 US states with FICA and W-2/W-4 processing.
Why Choose Our Virtual CFO Services?
- 10+ years of cross-border financial expertise
- Complete US federal, state, and Indian tax compliance
- Expertise in US-India tax treaty optimization
- RBI FEMA and GST compliance across all Indian states
- US payroll management in all 50 states with FICA compliance
Comprehensive Compliance Dashboard
Track all your US and Indian entity registration statuses and monitor ongoing compliance requirements through our comprehensive dashboard.
Upcoming
ITR Filing
Income Tax Return
Due: July 31, 2025
Penalty: ₹5,000 to ₹10,000
Tax Filings
Upcoming
Income Tax Audit (Section 44AB)
Tax Audit Report
Due: September 30, 2025
Penalty: 0.5% of turnover
Tax Filings
Upcoming
Statement of Financial Transaction (SFT)
Form 61A
Due: May 31, 2025
Penalty: ₹500 per day (max ₹1,00,000)
Tax Filings
Upcoming
Form 15CA & 15CB (Foreign Remittances)
Form 15CA/15CB
Due: As applicable
Penalty: ₹1,00,000
Tax Filings
Upcoming
Form 61A (SFT Reporting)
Form 61A
Due: May 31, 2025
Penalty: ₹500 per day (max ₹1,00,000)
Tax Filings
Upcoming
Advance Tax Reporting
Challan 280
Due: 15th of every quarter
Penalty: 1% interest per month
Tax Filings
Upcoming
Form 10BD (Donation Reporting for NGOs)
Form 10BD
Due: May 31, 2025
Penalty: ₹10,000 to ₹1,00,000
Tax Filings
Upcoming
ITR-1 (Sahaj) for Salaried Individuals
ITR-1
Due: July 31, 2025
Penalty: ₹5,000 to ₹10,000
Income Tax Forms
Upcoming
ITR-2 for Individuals & HUFs
ITR-2
Due: July 31, 2025
Penalty: ₹5,000 to ₹10,000
Income Tax Forms
Upcoming
ITR-3 for Professionals & Business Owners
ITR-3
Due: July 31, 2025
Penalty: ₹5,000 to ₹10,000
Income Tax Forms
Upcoming
ITR-4 (Sugam) for Presumptive Income
ITR-4
Due: July 31, 2025
Penalty: ₹5,000 to ₹10,000
Income Tax Forms
Upcoming
ITR-5 for LLPs, AOPs, and Firms
ITR-5
Due: July 31, 2025
Penalty: ₹5,000 to ₹10,000
Income Tax Forms
Upcoming
ITR-6 for Companies
ITR-6
Due: October 31, 2025
Penalty: ₹5,000 to ₹10,000
Income Tax Forms
Upcoming
ITR-7 for Trusts, NGOs, Political Parties
ITR-7
Due: October 31, 2025
Penalty: ₹5,000 to ₹10,000
Income Tax Forms
In Progress
GSTR-1 (Outward Supplies)
GSTR-1
Due: 11th on every month
Penalty: ₹200 per day (max ₹10,000)
GST
In Progress
GSTR-3B (Monthly Return)
GSTR-3B
Due: 20th on every month
Penalty: ₹200 per day (max ₹10,000)
GST
In Progress
ITC (Input Tax Credit) Reconciliation
Internal Process
Penalty: Interest on wrong ITC
GST
In Progress
GSTR-4 (Composition Taxpayers)
GSTR-4
Due: April 30, 2025
Penalty: ₹200 per day (max ₹10,000)
GST
In Progress
GSTR-5 (Non-resident Taxpayers)
GSTR-5
Due: 20th on every month
Penalty: ₹200 per day (max ₹10,000)
GST
In Progress
GSTR-6 (Input Service Distributors)
GSTR-6
Due: 13th on every month
Penalty: ₹200 per day (max ₹10,000)
GST
In Progress
GSTR-7 (TDS Return)
GSTR-7
Due: 10th on every month
Penalty: ₹200 per day (max ₹10,000)
GST
In Progress
GSTR-8 (TCS Return for E-commerce)
GSTR-8
Due: 10th on every month
Penalty: ₹200 per day (max ₹10,000)
GST
Upcoming
GSTR-9 (Annual Return)
GSTR-9
Due: December 31, 2025
Penalty: ₹200 per day (max ₹10,000)
GST
Upcoming
GSTR-9C (GST Audit Reconciliation)
GSTR-9C
Due: December 31, 2025
Penalty: ₹200 per day (max ₹10,000)
GST
In Progress
Revenue Recognition
Internal
Due: 5th on every month
Accounting
In Progress
Expense Categorization
Internal
Due: 13th on every month
Accounting
In Progress
Bank Reconciliation
Internal
Due: 15th on every month
Accounting
In Progress
Financial Statements
Internal
Due: 30th on every month
Accounting
Upcoming
Form 3CEB (International Transactions)
3CEB
Due: October 31, 2025
Penalty: ₹1,00,000
Transfer Pricing
Upcoming
Transfer Pricing Documentation
Rule 10D
Due: October 31, 2025
Penalty: 2% of transaction value
Transfer Pricing
Upcoming
Form 3CEAA (Master File)
3CEAA
Due: November 30, 2025
Penalty: ₹5,00,000
Transfer Pricing
Upcoming
Form 3CEAB (Parent Entity Intimation)
3CEAB
Due: January 31, 2025
Penalty: ₹5,00,000
Transfer Pricing
Upcoming
Form 3CEAD (Country-by-Country Report)
3CEAD
Due: November 30, 2025
Penalty: ₹5,00,000 to ₹50,00,000
Transfer Pricing
Upcoming
Form 3CEAC (MNE Constituent Entity)
3CEAC
Due: January 31, 2025
Penalty: ₹5,00,000
Transfer Pricing
Upcoming
Form 3CEAE (Alternate Reporting Entity)
3CEAE
Due: November 30, 2025
Penalty: ₹5,00,000 to ₹50,00,000
Transfer Pricing
Upcoming
Annual Return on Foreign Liabilities & Assets
FLA Return
Due: July 15, 2025
Penalty: Up to ₹10,00,000
RBI & FEMA
Upcoming
FC-GPR (Foreign Investment Reporting)
FC-GPR
Due: May 15, 2025
Penalty: Up to 3x investment amount
RBI & FEMA
In Progress
Advance Reporting Form (ARF) for FDI
ARF
Due: Within 30 days
Penalty: Up to 3x investment amount
RBI & FEMA
In Progress
FC-TRS (Transfer of Shares)
FC-TRS
Due: Within 60 days
Penalty: Up to 3x transaction amount
RBI & FEMA
Upcoming
ECB-2 Monthly Return
ECB-2
Due: July 7, 2025
Penalty: Up to ₹10,000 per day
RBI & FEMA
In Progress
Overseas Direct Investment (ODI)
ODI Form
Due: As applicable
Penalty: Up to 3x investment amount
RBI & FEMA
Upcoming
Annual Performance Report (APR)
APR
Due: December 31, 2025
Penalty: Up to ₹10,000 per day
RBI & FEMA
Upcoming
Annual Activity Certificate (AAC)
AAC
Due: September 30, 2025
Penalty: Up to ₹10,000 per day
RBI & FEMA
Upcoming
Form AOC-4 (Financial Statement Filing)
AOC-4
Due: October 30, 2025
Penalty: ₹100 per day (min ₹5,000)
ROC
Upcoming
Form MGT-7 (Annual Return)
MGT-7
Due: November 30, 2025
Penalty: ₹100 per day (min ₹5,000)
ROC
In Progress
Form MGT-14 (Board Resolution Filing)
MGT-14
Due: June 30, 2025
Penalty: ₹10,000 plus ₹1,000 per day
ROC
Overdue
Form DIR-3 KYC (Director KYC)
DIR-3 KYC
Due: May 15, 2025
Penalty: ₹5,000
ROC
Upcoming
Form INC-20A (Commencement of Business)
INC-20A
Due: Within 180 days
Penalty: ₹50,000 for company + ₹1,000/day for officers
ROC
Upcoming
Form ADT-1 (Auditor Appointment)
ADT-1
Due: Within 15 days
Penalty: ₹10,000
ROC
Upcoming
ESIC Declaration
ESIC Form
Due: As applicable
Penalty: Up to ₹10,000
ROC
Upcoming
Form DPT-3 (Return of Deposits)
DPT-3
Due: June 30, 2025
Penalty: ₹5,000 plus ₹500 per day
ROC
Upcoming
MSME-1 (Outstanding Payments)
MSME-1
Due: Half-yearly
Penalty: Compound interest
ROC
Upcoming
Form 11 (Annual Return - LLP)
Form 11
Due: Within 60 days
Penalty: ₹100 per day
ROC
Upcoming
Board Meeting Compliance
Internal
Due: Quarterly
Penalty: Up to ₹25,000
ROC
Upcoming
Form PAS-3 (Allotment of Securities)
PAS-3
Due: Within 30 days
Penalty: ₹1,000 per day (max 1% of issue)
ROC
Upcoming
Annual General Meeting (AGM)
Internal
Due: Within 6 months
Penalty: Up to ₹1,00,000 plus ₹5,000 per day
ROC
Upcoming
Form 16 (TDS Certificate)
Form 16
Due: June 15, 2025
Penalty: ₹100 per day (max ₹25,000)
Payroll
Upcoming
Form 24Q (Quarterly TDS Return)
Form 24Q
Due: June 10, 2025
Penalty: ₹200 per day (max TDS amount)
Payroll
Upcoming
ECR (Electronic Challan-cum-Return)
EPF ECR
Due: June 5, 2025
Penalty: 5% to 25% of dues + interest
Payroll
Upcoming
ESI Challan
ESI
Due: May 15, 2025
Penalty: Up to 15% per annum + damages
Payroll
Upcoming
Professional Tax (PT) Challan
PT Challan
Due: June 15, 2025
Penalty: Varies by state (2-10% + interest)
Payroll
In Progress
PT Return
PT Return
Due: April 30, 2025
Penalty: Varies by state
Payroll
Upcoming
Labour Welfare Fund (LWF) Challan
LWF
Due: June 20, 2025
Penalty: Varies by state
Payroll
Tax Filing Forms
IRS Forms
C Corporation
Form 1120
U.S. Corporation Income Tax Return
Due Date: April 15 (calendar year) or 15th day of 4th month after year end
Penalty: Up to 25% of unpaid tax
IRS Forms
C Corporation with foreign shareholders
Form 5471
Information Return of U.S. Persons With Respect to Certain Foreign Corporations
Due Date: Filed with Form 1120 or 1065
Penalty: $10,000 per form for late filing
IRS Forms
LLC with foreign partners
Form 1065
U.S. Return of Partnership Income
Due Date: March 15 (calendar year) or 15th day of 3rd month after year end
Penalty: $195 per partner per month, up to 12 months
IRS Forms
LLC with foreign partners
Form 8858
Information Return of U.S. Persons With Respect to Foreign Disregarded Entities
Due Date: Filed with Form 1120 or 1065
Penalty: $10,000 per form for late filing
IRS Forms
State Forms
All entity types
State Corporation Income Tax Return
Various forms by state
Due Date: Varies by state, usually same as federal or 30 days after
Penalty: Varies by state, typically percentage of tax due plus interest
State Forms
All entity types
State Annual Report/Franchise Tax
Annual filing to maintain good standing
Due Date: Varies by state
Penalty: Late fees, loss of good standing, potential dissolution
State Forms
City Forms
All entity types with city nexus
City Business Tax Return
Local tax returns for cities with business tax
Due Date: Varies by municipality
Penalty: Varies by municipality, typically percentage of tax due plus interest
City Forms
Tax Filing Deadlines
Stay on top of your deadlines
Dates may vary slightly based on weekends and holidays. Always verify current year deadlines.
Partnerships
S Corporations
Partnership and S-Corporation Tax Returns Due
Form 1065 (Partnership) and Form 1120S (S-Corporation) are due.
Due Date: 15 March
Penalty: Six-month extension available with Form 7004
Tax Filing Deadlines
C Corporations
C-Corporation Tax Returns Due
Form 1120 (C-Corporation) is due for calendar year filers.
Due Date: 15 April
Penalty: $10,000 per form for late filing
Tax Filing Deadlines
All Corporation Types
Q1 Estimated Tax Payments Due
First quarter estimated tax payments for corporations are due.
Due Date: 15 April
Penalty: No extension available for estimated tax payments
Tax Filing Deadlines
All Corporation Types
Q2 Estimated Tax Payments Due
Second quarter estimated tax payments for corporations are due.
Due Date: 15 June
Penalty: No extension available for estimated tax payments
Tax Filing Deadlines
All Corporation Types
Q3 Estimated Tax Payments Due
Third quarter estimated tax payments for corporations are due.
Due Date: 15 September
Penalty: No extension available for estimated tax payments
Tax Filing Deadlines
Partnerships
S Corporations
Extended Partnership and S-Corporation Returns Due
Final deadline for partnerships and S-corporations that filed for a 6-month extension.
Due Date: 15 September
Penalty: No further extensions available
Tax Filing Deadlines
C Corporations
Extended C-Corporation Returns Due
Final deadline for C-corporations that filed for a 6-month extension.
Due Date: 15 October
Penalty: No further extensions available
Tax Filing Deadlines
All Corporation Types
Q4 Estimated Tax Payments Due
Fourth quarter estimated tax payments for corporations are due.
Due Date: 15 December
Penalty: No extension available for estimated tax payments
Tax Filing Deadlines
Special Filing Considerations
Fiscal Year Filers
If your business operates on a fiscal year rather than a calendar year, your filing deadlines will be based on your fiscal year end. Generally, returns are due on the 15th day of the 3rd month (partnerships) or 4th month (corporations) after the close of your fiscal year.
State Filing Deadlines
State filing deadlines often coincide with federal deadlines, but may vary by state. Some states automatically grant the same extension as federal, while others require a separate state extension request. Check with each specific state for exact requirements.
Tax Filing Fenalties
Avoid Costly Penalties
The IRS and state tax authorities impose significant penalties for failing to file or pay taxes on time. Stay compliant to avoid these unnecessary costs.
Late Filing Penalties
Penalties for missing filing deadlines
C Corporation
IRS Form 1120
5% of unpaid tax for each month or part of a month the return is late, up to 25% of unpaid tax
Minimum Penalty: $435 if more than 60 days late (if tax due)
Late Filing Penalties
Partnership
IRS Form 1065
$210 per partner per month (or part of a month) for up to 12 months
Minimum Penalty: None
Late Filing Penalties
Form 5471
Form 8858
Foreign Information Forms
$10,000 per form per year plus additional penalties for continued failure after IRS notification
Minimum Penalty: $10,000 per form
Late Filing Penalties
LLC with foreign partners
State Income Tax Returns
Varies by state, typically 5-25% of tax due plus interest
Minimum Penalty: Varies by state
Late Filing Penalties
Late Payment Penalties
Penalties for not paying taxes on time
Federal Income Tax
0.5% of unpaid tax for each month or part of a month the tax is unpaid, up to 25%
Minimum Penalty: None
Late Payment Penalties
Estimated Tax Payments
The IRS will charge interest on underpayments and may impose an underpayment penalty
Minimum Penalty: None, but interest applies
Late Payment Penalties
State Tax Payments
Varies by state, typically 0.5-1% per month plus interest
Minimum Penalty: Varies by state
Late Payment Penalties
Information Reporting Penalties
Penalties for failing to provide required information
Form 1099 Information Returns
$50 to $290 per form depending on how late (with higher penalties for intentional disregard)
Minimum Penalty: $50 per form
Information Reporting Penalties
FBAR Filing
Up to $10,000 per non-willful violation; for willful violations, greater of $100,000 or 50% of account value
Minimum Penalty: Up to $10,000 for non-willful
Information Reporting Penalties
Other Compliance Penalties
Penalties for various other tax compliance failures
Accuracy-Related Penalty
20% of the underpayment of tax due to negligence, substantial understatement, or valuation misstatement
Minimum Penalty: None
Other Compliance Penalties
Fraud Penalty
75% of the underpayment due to fraud
Minimum Penalty: None
Other Compliance Penalties
Bad Check Penalty
2% of the amount of the check (payment) that was refused
Minimum Penalty: From $25 to $1,250
Other Compliance Penalties
Benefits
Why Choose Our Virtual CFO Services
Partner with us to transform your cross-border financial operations and unlock new levels of efficiency, compliance, and strategic insight.
Reduced Compliance Risk
Minimize the risk of regulatory penalties and reputational damage through proactive compliance management.
Tax Optimization
Strategic planning to minimize tax liabilities while maintaining full compliance with US and Indian tax regulations.
Enhanced Financial Visibility
Gain clear insights into your cross-border financial operations with comprehensive reporting and analysis.
Cost Efficiency
Reduce operational costs through outsourced expertise, eliminating the need for in-house cross-border financial specialists.
Strategic Financial Planning
Expert guidance on cross-border investment, expansion, and financial structuring decisions.
Time Savings
Focus on your core business while our experts handle the complexities of cross-border financial compliance.
Get in Touch
Ready to transform your cross-border financial operations?
Contact us today to schedule a consultation with our expert team. We'll analyze your specific needs and develop a tailored solution for your US-India business operations.
contact@globalcfo.com
Phone
+1 (888) 123-4567
Locations
New York, USA & Bangalore, India