AGARWAL SHASWAT & CO

Chartered Accountants

About Agarwal Shaswat & Co.

Chartered Accountants | Established in 2022

Agarwal Shaswat & Co. is a proprietorship chartered accountancy firm founded by CA Shaswat Agarwal in 2022. The firm is dedicated to providing reliable, accurate and value-driven professional services while upholding the highest standards of the chartered accountancy profession.

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Taxation

Tax planning, advisory and individual & business return filings.

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Audit & Assurance

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

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GST Services

GST registration, GST returns, GST audits and compliance support.

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Corporate Advisory

Company law matters, due diligences, business advisory and consultancy.

Our Vision

To be a trusted and respected chartered accountancy firm known for professionalism, quality and client-focused solutions that contribute to long-term success.

Our Mission

To deliver accurate, reliable and responsible professional services while establishing strong professional standards and cultivating an environment that supports growth for both clients and team members.

Core Values

Integrity – Commitment to reliable and transparent practices.
Professionalism – Delivering services backed by diligent research and expertise.
Client Focus – Providing tailored solutions with confidentiality and precision.
Quality – Ensuring accuracy, compliance and timely execution.
Continuous Learning – Staying updated with evolving laws and best practices.

📅 Compliance Calendar – January 2026

🧾 GST Compliance

10 Jan: GSTR-7 (TDS), GSTR-8 (TCS)
11 Jan: GSTR-1 (Monthly)
13 Jan: GSTR-1 (QRMP), GSTR-6 (ISD), GSTR-5 (NRTP)
18 Jan: CMP-08 (Composition Dealers – Q3 FY 2025-26)
20 Jan: GSTR-3B (Monthly), GSTR-5A (OIDAR)
22 Jan: GSTR-3B (QRMP – Category I States)
24 Jan: GSTR-3B (QRMP – Category II States)

💰 Income Tax Compliance

07 Jan: Deposit of TDS & TCS
15 Jan: TCS Return – Quarter ending December 2025
31 Jan: TDS Return – Quarter ending December 2025

🏛️ Company Law

14 Jan: ADT-1 (if first AGM held on 31-12-2025)
31 Jan: AOC-4 & MGT-7 / 7A (Extended Due Date)

👷 PF & ESI

15 Jan: Deposit of PF & ESI

SERVICES

GST

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 to minimize compliance risks and streamline GST processes, making taxation seamless and hassle-free.

INCOME TAX

Our Income Tax services are designed to help individuals, businesses, and organizations in meeting their tax compliances. 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, and strategic planning to optimize tax liabilities while ensuring compliance with the Income Tax Act.

COMPLIANCES

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.

AUDITING

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.

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.