AGARWAL SHASWAT & CO

Chartered Accountants

About Agarwal Shaswat & Co.

Chartered Accountants | Trusted Since 2022

Agarwal Shaswat & Co. is a professionally managed proprietorship firm founded by CA Shaswat Agarwal in 2022. Since its inception, the firm has been committed to delivering reliable, accurate and value-driven professional services founded on strong professional principles and best practices.

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Taxation & Tax Planning

Income tax advisory, return filings, tax optimization strategies.

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Audit & Assurance

Statutory audits, internal audits, tax audits and management assurance reviews.

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GST Compliance

GST registration, periodic return filing, audit support and consultancy.

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Corporate & Legal

Company law matters, secretarial compliance, due diligences and consultancy.

Our Vision

To be a highly respected chartered accountancy firm known for integrity, professional excellence and delivering solutions that empower clients to achieve sustainable success.

Our Mission

To provide accurate, reliable and value-focused services while maintaining the highest standards of profession. We strive to support clients with insights, compliance, and financial clarity, and to build an environment that fosters continuous growth for our team members.

Our Core Values

Integrity: Upholding the highest standards in every assignment.
Professionalism: Delivering services backed by technical expertise and diligence.
Client-Centric Approach: Understanding each client’s needs with confidentiality and precision.
Quality & Accuracy: Ensuring reliable, compliant and timely services.
Continuous Learning: Adapting to evolving regulations and best practices.

Compliance Calendar – November 2025

GST Compliance – November 2025

10th November: GSTR-7 (TDS), GSTR-8 (TCS)
11th November: GSTR-1 (Monthly)
13th November: IFF (for QRMP), GSTR-6 (ISD), GSTR-5 (NRTP)
20th November: GSTR-3B (Monthly), GSTR-5A (OIDAR)
25th November: PMT-06 (Challan for QRMP)

Income Tax Compliance – November 2025

07th November: Deposit of TDS & TCS
10th November: Tax Audit Report u/s 44AB (Extended)
15th November: Quarterly TDS Certificate (payments other than salary) for quarter ending September 2025
30th November: Income Tax Return (A.Y. 2025-26) for assessee required to file report u/s 92E (international/specified domestic transactions)

Company Law Compliance – November 2025

29th November: PAS-6 (for half-year Apr–Sept 2025)

PF & ESI Compliance – November 2025

15th November: Deposit of PF & ESI

SERVICES

I N C O M E T A X

Our comprehensive Income Tax services are designed to assist individuals, businesses, and organizations in meeting their tax compliances efficiently and effectively. We provide guidance on income tax planning, return filing, and compliance with the latest tax laws. Our services include tax advisory, representation before tax authorities, tax audit support, and strategic planning to optimize tax liabilities while ensuring full compliance with the Income Tax Act.

G S T

We offer GST services to help businesses navigate the complexities of India’s GST regime. Our team ensures accurate GST registration, return filing, and compliance management. We assist in GST audits, refunds, input tax credit reconciliation, and resolving notices from the GST department. We help clients minimize compliance risks and streamline GST processes, making taxation seamless and hassle-free.

A U D I T I N G

Our auditing services are tailored to provide insightful and transparent assessments of financial statements. We conduct statutory audits, internal audits, tax audits, and special purpose audits in accordance with the prevailing standards and regulations. Our audit processes are robust and thorough, focusing on enhancing financial accuracy, internal controls, and operational efficiency.

C O M P L I A N C E

In today’s dynamic regulatory environment, staying compliant is crucial for sustained growth and risk mitigation. Our compliance services encompass company law, registrations under various laws, and other statutory requirements. We assist clients in maintaining accurate records, timely filing of returns, and fulfilling other regulatory obligations.

A Commitment to Professional Excellence

Professional services encompass a range of specialized support aimed at helping businesses improve their operations, enhance efficiency, and achieve strategic goals. This includes consulting, auditing, and advisory services tailored to meet client-specific requirements.

Income Tax FAQs (India)

Question	Answer
Who must file an Income Tax Return (ITR)?	Anyone whose income exceeds the basic exemption limit.
What is the basic exemption limit?	₹2.5 lakh for individuals below 60 years.
Is PAN mandatory for filing ITR?	Yes, PAN is required for filing and financial transactions.
What is Form 16?	A salary TDS certificate issued by an employer.
What is the last date to file ITR?	Generally 31st July unless extended.
Can I revise my ITR?	Yes, revised before 31st December of the assessment year.
What is TDS?	Tax deducted at source by the payer on specified payments.
What is a tax audit?	Audit under Section 44AB when turnover exceeds limits.
Difference between old and new tax regime?	New regime offers lower rates with fewer deductions.
Is Aadhaar–PAN linking mandatory?	Yes, to avoid higher TDS/TCS.
What is advance tax?	Tax paid in instalments if liability exceeds ₹10,000.
How to check refund status?	Through the Income Tax e-filing portal.
Is e-verification of ITR required?	Yes, within 30 days of filing.
What is Form 26AS?	A consolidated tax credit statement.
Can I claim both HRA and home loan interest?	Yes, if eligible.

GST FAQs (India)

Question	Answer
Who must register under GST?	Businesses crossing ₹40/₹20/₹10 lakh turnover limits.
What is GSTIN?	A 15-digit identification number after registration.
What are the main GST returns?	GSTR-1, GSTR-3B, and annual GSTR-9.
Is GST registration mandatory for e-commerce sellers?	Yes, except eligible composition taxpayers.
What is the composition scheme?	A simplified scheme for turnover up to ₹1.5 crore.
What is Input Tax Credit (ITC)?	Credit of GST paid on business purchases.
Are there blocked ITCs?	Yes—personal expenses, certain motor vehicles, etc.
Due dates for GST returns?	GSTR-1: 11th; GSTR-3B: 20th/22nd/24th.
How is GST rate determined?	Based on HSN/SAC classification.
Is GST applicable on advances?	Yes for services; not for goods.
Can GST registration be cancelled?	Yes, voluntarily or by officer.
Is GST applicable on exports?	No, exports are zero-rated.
What is e-invoicing?	Digitally authenticated invoice via IRP portal.
What is an E-Way Bill?	Required for goods movement over ₹50,000.
Are GST audits mandatory?	No external audit; self-certified GSTR-9C may apply.

Audit FAQs (India)

Question	Answer
What is a statutory audit?	An audit required under the Companies Act.
What is a tax audit?	Audit under Section 44AB of Income Tax Act.
When is a GST audit required?	Only when ordered; otherwise self-certification.
What is an internal audit?	Review of internal controls and processes.
Who can conduct statutory audit?	A practising Chartered Accountant.
Documents required for audit?	Books of accounts, vouchers, ledgers, agreements.
Purpose of an audit?	Ensures accuracy and compliance.
Is audit mandatory for LLPs?	Yes, if turnover exceeds ₹40 lakh or capital ₹25 lakh.
Is audit required for trusts?	Yes, if income exceeds exemption limit.
What is CARO?	Additional audit reporting requirements.
Is auditor rotation mandatory?	Yes for certain companies.
What is an audit report?	Auditor's opinion on financial statements.
What is vouching?	Verification of transactions with documents.
Difference between audit and investigation?	Audit checks accuracy; investigation digs deeper.
Is branch audit compulsory?	Yes, for material branch operations.

Company Compliance FAQs (India)

Question	Answer
What is ROC compliance?	Mandatory filings under the Companies Act, 2013.
Annual compliances for a private limited company?	AGM, AOC-4, MGT-7, DIR-3 KYC, etc.
Due date for annual return?	Within 60 days of AGM.
Is auditor appointment required every year?	No, appointed for 5 years; filings required initially.
Minimum number of directors?	Two for private, three for public companies.
Is AGM compulsory?	Yes, once a year.
Is PAN and TAN mandatory?	Yes, for compliance and taxation.
Can a director also be a shareholder?	Yes.
What is DIN?	Director Identification Number.
Is MSME filing mandatory?	Yes, if dues exceed 45 days.
Are board meetings required?	Minimum four meetings per year.
Are compliances required even if no business?	Yes, nil filings are compulsory.
How to increase authorised capital?	Pass resolutions and file ROC forms.
Are books of accounts mandatory?	Yes, at the registered office or approved location.
What happens if ROC filings are delayed?	Additional fees per day and penalties.

Artificial Intelligence (AI) in Taxation, Accounting & Compliance

Artificial Intelligence has become an important part of modern business operations. In the fields of taxation, accounting, audit and compliance, AI is being recognised as a supportive technology that helps improve accuracy, efficiency and data management. Businesses across India are adopting digital systems, and AI is emerging as one of the key components in this shift.

Role of AI in the Financial & Compliance Sector

AI is being increasingly used to manage large volumes of financial data, enhance compliance monitoring and support structured documentation. It helps organisations maintain consistency in records and ensures better data handling across various regulatory requirements.

Area	Relevance of AI
Income Tax	Supports data organisation, analysis and timely compliance.
GST	Ensures systematic handling of records and filing-related information.
Audit	Enhances review processes through structured data insights.
Company Compliance	Helps with documentation, tracking schedules and maintaining regulated formats.

Why AI Is Gaining Attention in Finance

Increase in digital transactions across industries.
Higher dependency on data-driven decision-making.
Need for timely and accurate regulatory compliance.
Growing adoption of cloud-based accounting and ERP systems.
Businesses seeking efficiency in routine operational workflows.

AI and the Evolving Business Environment

With more businesses moving toward digital processes, AI is becoming a regular part of their operational ecosystem. It helps streamline financial information, supports compliance documentation and allows organisations to maintain better control over regulatory activities. This trend reflects the ongoing integration of technology within the financial and corporate sectors in India.

Conclusion

AI continues to shape the way organisations manage taxation, accounting and compliance. It aligns with the growing digital transformation in India and supports businesses in maintaining structured and reliable financial records. As the use of technology expands, AI is expected to remain an important part of the evolving financial landscape.