Payroll processing to comprise of determination of monthly salaries payable to employees, applicability, deduction of statutory and superannuation dues, filing of necessary returns etc.
Monthly, Quarterly, Annual Compliances, filing of returns etc.
In terms of income tax provisions certain assessee is liabile to file quarterly withholding tax and tax collection returns.
Maintenance of books is must for business, books of account should be maintain to determine status of your business and its also mandated under law to disburse obligation of citizen towards nation.
In terms of provisions of income tax certain person is obligated to file return of income, irrespective of their status being resident in India or non-residents.
Any payments to non-residents makes payer liabile to determine tax which need to be withhold as per the provisions of section 195 of the Income Tax, which imposes certain process and resuling into blocking of cash flow in the form of tax, to avoid such cash flow blockages, one can apply for lower tax deduction certificate from the department.