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📍 81/1, Salkia School Road, Bandhaghat, Howrah - 711106 (Kolkata Metropolitan Area) | ✉️ cashaswat@gmail.com
☎ 6291442939 | ✉️ cashaswat@gmail.com
Tax Audit services in Howrah
Statutory Audit services in Howrah

AGARWAL SHASWAT & CO Chartered Accountants

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Agarwal Shaswat & Co.

Chartered Accountants | Established in 2022

Based in Howrah, serving Kolkata and nearby areas, Agarwal Shaswat & Co. is a Chartered Accountant 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.

📄

Taxation

Tax planning, advisory and individual & business return (ITR) filings.

🧾

Audit & Assurance

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

💼

GST Services

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

🏢

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

October 2026

Stay Compliant,
Stay Ahead.
Income Tax  •  GST
MCA  •  Other Compliances
₹

Income Tax & TDS/TCS

Tax Compliance

7 Oct

Deposit of TDS/TCS challan (ITNS-281) for September 2026.

15 Oct

Issuance of Form 16A/27D (TDS/TCS certificates) for September 2026.

30 Oct

Property TDS forms (26QB/26QC/26QD/26QE) for September 2026 transactions.

31 Oct

Quarterly TDS/TCS returns (Form 24Q, 26Q, 27Q) for Q2 (July–September 2026).

G

GST Deadlines

Indirect Tax Compliance

10 Oct

GSTR-7 (TDS under GST) and GSTR-8 (TCS by e-commerce operators) for September 2026.

11 Oct

GSTR-1 (Monthly outward supplies) for September 2026.

13 Oct

Invoice Furnishing Facility (IFF) for QRMP taxpayers and GSTR-5 / GSTR-6 for September 2026.

18 Oct

CMP-08 challan for composition scheme taxpayers (Q2).

20 Oct

GSTR-3B (Monthly) and GSTR-5A (OIDAR) for September 2026.

22 / 24 Oct

GSTR-3B (Quarterly for QRMP taxpayers, state-wise categories).

25 Oct

ITC-04 for job work (April–September 2026).

⌂

MCA & Corporate Filings

Corporate Compliance

14 Oct

Form ADT-1 for appointment / reappointment of an auditor.

15 Oct

DIR-3 / DIR-3 KYC Web submission (extended without additional fee to end of month).

21 Oct

Tax Audit Reports (Form 3CA/3CB + 3CD) for specified audit cases (AY 2026–27).

29 Oct

Form AOC-4 / AOC-4 XBRL (Financial Statements filing).

30 Oct

LLP Form 8 (Statement of Account & Solvency for FY 2025–26).

●

Labour & Other Compliances

Statutory Compliance

15 Oct

Professional Tax, PF and ESI (ECR) contributions / payments for September 2026.

31 Oct

Form MSME-1 (Half-yearly return for April–September 2026).

✓

Stay Ahead

Track important due dates and ensure prompt compliance to avoid penalties.

Compliance • October 2026

Tax Audit Due Date Countdown


 Our Services ​

ITR Filing Services agents agency in Howrah

INCOME TAX SERVICES

Business Enterprises searching for a Tax Consultant in Howrah and Kolkata often require assistance with tax planning, return filing and income tax notice reply. We provide guidance on income tax planning, return filing, PAN card related services and TDS filing services. Our services include ITR filing, tax advisory, crypto tax consultancy, representation before tax authorities, tax audit, and strategic planning to optimize tax liabilities while ensuring compliance with the Income Tax Act. Also the firm renders comprehensive NRI (Non-Resident Indian) income tax services, including income tax return filing, DTAA advisory, capital gains computation, property taxation and related advisory. Our Income Tax Services extend beyond tax compliance to include professional representation in Income Tax Appeals before the Commissioner of Income Tax (Appeals) [CIT(A)] and the Income Tax Appellate Tribunal (ITAT), including drafting of Statements of Facts and Grounds of Appeal. We also provide assistance in assessment and scrutiny proceedings, and technically handle Income Tax Notices issued under Sections 143(1), 143(2), 142(1), 144, 148A and 133(6) of the Income-tax Act, ensuring timely compliance and effective representation before the Income Tax Department. We also assist with Form 145/146 (15CA/15CB), foreign remittance TDS, DTAA, withholding tax, and non-resident tax payment compliance.

GST Consultant in Howrah

GST & RELATED COMPLIANCES

Businesses seeking a GST Consultant in Howrah and Kolkata often require comprehensive GST Services, including GST registration, GST return filing (GSTR 1, GSTR 3B, GSTR 9, GSTR 9C and CMP 08), GST compliance, GST advisory, GST registration amendment and cancellation, input tax credit (ITC) advisory, GST refunds, LUT filing, e-invoicing and e-way bill compliance. We assist with GST consultancy, GST reconciliation, Composition and Regular Scheme compliance, GSTR 4 and GSTR 10 filing, DRC notice assistance, GST health checks, and business compliance review. We also provide professional assistance in GST assessments, adjudication, audits and investigations, prepare replies to GST notices and Show Cause Notices (SCNs), and represent clients before GST authorities in departmental proceedings. Our services also extend to drafting and filing GST appeals before the Appellate Authority and the Goods and Services Tax Appellate Tribunal (GSTAT), helping businesses achieve timely compliance, minimize litigation risks and ensure effective representation under the Goods and Services Tax laws.​ We provide practical, timely and business-focused GST solutions to manufacturers, traders, service providers, e-commerce businesses and professionals across various industries. ​

Tax Audit Statutory Audit Services in Howrah

AUDIT & ASSURANCE SERVICES

Businesses seeking Audit & Assurance Services in Howrah and Kolkata require independent, practical and professional audit solutions tailored to their regulatory and business requirements. Our services include Statutory Audit, Company Audit, Tax Audit, Internal Audit, Stock Audit, Concurrent Audit, Management Audit, Due Diligence Review and Special Purpose Audit for companies, LLPs, partnership firms, trusts and other entities in accordance with the applicable laws and auditing standards. We also assist businesses in strengthening internal controls, improving financial reporting, identifying operational risks and ensuring statutory compliance. In addition, we also provide CA Certification services, including Net Worth Certificate, Turnover Certificate, Capital Contribution Certificate, Fund Utilization Certificate, Project Cost Certificate, Certificate relating to Financial Statements, and other certified documents required by banks, financial institutions, government authorities, regulatory bodies and overseas visa or immigration authorities. Our assurance services also include due diligence report, agreed-upon procedures, compliance reviews, voluntary audit, internal control evaluations and certification assignments to support diverse business and regulatory requirements. ​

accounting services in Howrah

ACCOUNTING AND BOOKKEEPING

Accurate accounting is the foundation of every successful business. Well-maintained books help you track income and expenses, monitor cash flow, match stock with accounting records, prepare reliable financial reports, and make informed business decisions while staying compliant with statutory requirements. We provide professional accounting and bookkeeping services in Howrah and Kolkata, including bookkeeping, outsourced accounting, outsourced bookkeeping, accounting review, stock reconciliation, stock reporting, financial reporting, and GST-compliant accounting. Our services ensure your books remain accurate, organized, and audit-ready throughout the year. Our accounting services include MIS reporting, ledger reconciliation, debtors and creditors reconciliation, cash flow reporting, inventory valuation, and month-end and year-end accounts finalization. Whether you are a proprietor, partnership firm, company, trust, or NGO, we deliver timely accounting solutions tailored to your business. From recording daily transactions to preparing meaningful financial statements and management reports, we help businesses maintain financial discipline, improve decision-making, and meet accounting and compliance obligations with confidence.

ROC Compliance Form Filing Services in Howrah

VARIOUS LAW COMPLIANCES

Timely compliance helps businesses avoid penalties and focus on growth. Our compliance services encompass company law, registrations under various laws, and other statutory requirements like filing returns and forms. We assist clients in maintaining accurate records, timely ROC filing, and fulfilling compliances such as relating to LLP, partnership firm and company. Our services also include drafting board resolutions, minutes drafting, maintenance of statutory records, secretarial documentation and regulatory compliance support for companies and LLPs. We also provide PAN application, PAN correction, and related compliance support. Our compliance services extend to various certifications, including Certificate about ITR based on its data source, Financial Information Certificate, Source of Income Certificate, Source of Funds Certificate, ROC forms annual filing certifications, certification under various laws such as Income Tax act, GST Act, Companies Act and other certificates required by banks, financial institutions, regulatory bodies, and businesses. We also assist in RERA compliance services for eligible real estate projects. The firm also undertakes preparation of CMA Data, Project Reports, Financial Projections and other financial documentation required for banking and business expansion purposes. We also assist businesses with MSME registration, Private Limited Company registration, Section 8 Company registration, Trust registration, IEC registration, Professional Tax registration, Digital Signature Certificates (DSC), and other regulatory registrations and compliance requirements.

Explore our dedicated Tax Consultancy Services in Howrah page to learn how we help businesses, professionals, and individuals across Shibpur, Liluah, Bally, Belur, Santragachi, Dasnagar, Kadamtala, Andul, Alipore, Uttarpara, Konnagar, Rishra, Bandel, Serampore, Dankuni, Chandannagar, Kolkata, Barabazar, Sealdah, Shyambazar, Park Street, Esplanade, Salt Lake, Bidhannagar, Kestopur, Rajarhat, New Town and nearby areas.

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.

Experienced Tax Consultant in Howrah



98%

Accuracy of Work

2k+

Clients Served

93%

Client Retention Rate


Fresh FAQs

Frequently Asked Questions

Income Tax GST Audit Company Law

Income Tax

Income tax filing, notices, audit, deductions, regime choice and refund questions.

Income Tax
Who should file an income tax return?
Anyone whose income crosses the applicable exemption limit, or who falls into a mandatory filing category such as TDS, foreign assets, business income, high-value spending, or specific reporting triggers.
What is the income tax return due date for individuals?
For most individual taxpayers, the due date is the one notified under section 139(1), unless extended by the department.
Is the new tax regime the default now?
Yes. For most individuals, HUFs, AOPs, BOIs and AJP, the new regime is the default regime.
Can I still choose the old tax regime?
Yes, eligible taxpayers can choose the old regime where permitted by law, subject to the prescribed option process.
What standard deduction is available now?
The standard deduction is ₹50,000 under the old regime and ₹75,000 under the new regime for eligible salary or pension income.
What is section 87A rebate now?
Under the current new regime, rebate can go up to ₹60,000 for taxable income up to ₹12,00,000. Under the old regime, rebate is generally ₹12,500 for income up to ₹5,00,000.
Can salaried employees claim HRA in the new regime?
Generally no. Most exemptions such as HRA are not available in the new regime unless specifically allowed.
Can I claim home loan interest in the new regime?
The treatment depends on the nature of the property and the regime chosen. Many self-occupied benefits remain linked to the old regime.
What is advance tax?
It is tax paid in instalments during the year when the estimated tax liability crosses the prescribed threshold.
What is self-assessment tax?
It is the tax paid before filing when the advance tax already paid is not enough to cover the final liability.
What is Form 26AS?
It is the tax credit statement that shows TDS, TCS and certain tax-related information linked to your PAN.
What is AIS?
AIS is the Annual Information Statement showing expanded income and transaction data reported from different sources.
Can I file ITR after the due date?
Yes, a belated return may be filed within the period allowed by law, though late fee and interest may apply.
Can I revise my income tax return?
Yes, a return can usually be revised within the permitted time limit if you notice an error or omission.
What is ITR U?
ITR U is the updated return route for correcting or reporting additional income / corrected defective figures in permitted cases and within the allowed time window.
Is Aadhaar-PAN linking still important?
Yes. PAN-Aadhaar linkage remains important for smooth compliance and to avoid higher TDS/TCS consequences where applicable.
Do I need to declare foreign assets?
Yes, where applicable. Foreign assets and foreign income disclosures must be reported carefully in the return.
Are agricultural receipts taxable?
Agricultural income is generally exempt, though it can affect rate calculation in certain cases.
What if I have only salary income and no tax due?
You may still need to file in some cases, especially if reporting conditions apply or you want to claim a refund.
Is a return filing useful even if no tax is payable?
Yes. Filing creates a clean compliance trail, helps with refunds, and reduces future mismatch issues.
When is tax audit required for business?
Tax audit is generally required if business turnover exceeds ₹1 crore, or up to ₹10 crore where cash receipts and cash payments stay within the prescribed limit.
When is tax audit required for profession?
Tax audit is generally required when professional gross receipts exceed ₹50 lakh.
Who can sign a tax audit report?
A practising Chartered Accountant signs the tax audit report where the law requires audit.
What is the due date for tax audit report filing?
The audit report is to be furnished one month before the due date of the return in audit cases.
What is the difference between old and new regime?
The old regime allows many exemptions and deductions. The new regime has lower slabs in many cases but fewer deductions.
Can I switch between regimes every year?
Non-business taxpayers can generally choose as permitted each year. Business taxpayers have stricter switching rules.
What is income tax notice risk after filing?
Notice risk usually rises when return data does not match AIS, TDS, or reported transactions.
Why does the department ask about high-value transactions?
Because banks, registrars and other intermediaries report such transactions, and the department compares them with the return.
Can I get a refund without filing ITR?
Usually no. Refund claims are generally processed through the income tax return.
What is TDS?
TDS is tax deducted by the payer on specified payments and deposited against your PAN.
What is TCS?
TCS is tax collected by the seller on specified transactions and reported to the tax department.
Is PAN mandatory for filing ITR?
Yes, PAN is required for filing and for most financial compliance actions.
Can I file ITR with Form 16 only?
Form 16 helps, but you should also check AIS, Form 26AS, bank interest and other income sources before uploading ITR for processing.
What if my return is selected for scrutiny?
You should respond carefully with supporting documents, reconciliations and explanations for reported figures.
Is interest on savings account taxable?
Yes, generally it is taxable, though deductions may be available in specific cases such as section 80TTA or 80TTB.
Can I claim deductions in the new regime?
Only limited deductions are available in the new regime. Most common deductions are restricted.
What is section 80D?
It is the deduction for eligible medical insurance premium and specified health expenses.
What does Bank Account Validation Failed or Bank Account Validation in Progress mean while filing ITR?
Validation in Progress means bank verification is pending. Bank Account Validation Failed means the details could not be verified. Correct your bank details and revalidate through the e-Filing portal.
Should I keep documents after filing?
Yes. Keep salary slips, rent proofs, bank statements, invoices, investment proofs like Fixed Deposit (FD), NSC, Share market income details and tax working papers for future reference.

GST

Registration, returns, input tax credit, e-invoice, refunds and compliance questions.

GST
Who should register under GST?
Any business making taxable supplies and crossing the applicable threshold, or falling under mandatory registration rules, should register.
What is the GST threshold for services?
The general threshold is ₹20 lakh for most service suppliers, subject to State and special-case conditions.
What is the GST threshold for goods?
For certain suppliers of goods, the threshold can be up to ₹40 lakh subject to conditions and exclusions.
What is the threshold in special category States?
A lower threshold such as ₹10 lakh may apply in special category States depending on the rule framework.
How soon should GST registration be applied for?
The application should generally be filed within 30 days from the date the business becomes liable to register.
Do casual taxable persons need advance registration?
Yes. Casual and non-resident taxable persons generally need to register before starting taxable activity.
What is composite scheme?
It is a simplified GST scheme for eligible taxpayers with lower compliance but restricted ITC and invoice structure.
Can a composition taxpayer issue tax invoices?
No. Composition taxpayers issue a bill of supply, not a regular tax invoice.
What is QRMP?
QRMP is a quarterly return scheme for eligible taxpayers, with monthly tax payment through the prescribed process.
When is GSTR 1 due?
For monthly filers it is generally due on the 11th of the succeeding month. For quarterly filers, it is generally due on the 13th of the month after the quarter.
When is GSTR 3B due?
For monthly filers it is generally due on the 20th of the succeeding month. For quarterly filers, it is generally due on the 22nd or 24th depending on the State or Union Territory.
What is GSTR 2B?
It is the input tax credit statement that helps reconcile eligible ITC before claiming credit.
What is ITC?
Input tax credit is the GST paid on eligible business purchases that can be used against output GST liability.
Can I claim full ITC on all expenses?
No. ITC is allowed only where the supply is eligible and the GST law does not block the credit.
What is blocked credit?
It is ITC that the law does not allow, even if GST was paid on the expense.
What is reverse charge?
Under reverse charge, GST is paid by the recipient instead of the supplier in notified cases.
What is an e-invoice?
An e-invoice is a GST invoice reported to the Invoice Registration Portal and validated with an IRN and QR code.
Who must comply with e-invoicing now?
Businesses with annual aggregate turnover of ₹10 crore or more are covered, subject to the current notification and effective date.
What is the e-invoice reporting time limit?
Covered taxpayers must report e-invoices within 30 days from the invoice date under the current rule.
Do debit notes and credit notes also matter for e-invoicing?
Yes. Where an IRN is required, the reporting time limit applies to those document types too.
What is an e-way bill?
It is the document generated for movement of goods where the applicable value threshold and conditions are met.
When is an e-way bill required?
It is generally required for movement of goods above the threshold, subject to exemptions and notified cases.
What is the GST annual return?
It is the annual compliance return generally filed by normal taxpayers for the relevant financial year.
When is GSTR 9 due?
It is generally due by 31 December of the following financial year unless extended.
What is GSTR 9C?
It is the reconciliation statement required for eligible taxpayers where the audit and filing conditions apply.
What is GST refund?
It is the process of claiming back excess tax, inverted duty credit, export-related refund, or other eligible amounts.
Can exports be taxed under GST?
Exports are zero-rated supplies, subject to the prescribed compliance route and documentation.
What is LUT?
LUT is the Letter of Undertaking that allows export without payment of tax, subject to eligibility.
What is GST cancellation?
It is the formal cancellation of registration when the business ceases or when cancellation is otherwise permitted.
Can a cancelled GST registration be restored?
In some cases, restoration is possible under the rules if the proper process and timelines are followed.
What happens if GSTR-3B is not filed?
Late fee, interest and compliance blockage may follow, and ITC reconciliation can become difficult.
What happens if GST is paid late?
Interest and late fee can apply, and delays can affect cash flow and compliance standing.
Is a tax invoice mandatory under GST?
Yes, for taxable supplies a proper tax invoice is generally required.
Do freelancers need GST?
Freelancers may need GST based on turnover, nature of service and place-of-supply rules.
Do online sellers need GST?
Yes, online selling can trigger GST registration and compliance depending on the transaction structure and marketplace rules.
Can I issue one invoice for multiple supplies?
Only where permitted by GST rules and the transaction structure supports it.
Why is GST reconciliation important?
It helps match sales, tax liability and ITC, and reduces mismatch notices later.
Does GST apply even if I work from home?
Yes. The location of work does not remove GST liability if the supply is taxable and threshold conditions are met.
Can I run business without GST if turnover is low?
Only if you are below threshold and not under compulsory registration.
Why do GST notices come?
Common reasons are return mismatch, ITC mismatch, e-way bill issues, classification errors and delayed filing.
Should small businesses still maintain GST records?
Yes. Proper records make returns, notices and refund claims much easier.

Audit

Tax audit, statutory audit, internal audit and practical audit issues.

Audit
What is an audit?
An audit is a structured examination of books, records and supporting documents to verify accuracy and compliance.
What is a statutory audit?
It is the audit required by law for certain entities, especially companies, to report on financial statements.
What is a tax audit?
A tax audit is the audit under section 44AB when turnover or receipts cross the prescribed threshold.
When is tax audit required for business?
Generally when business turnover exceeds ₹1 crore, or up to ₹10 crore where cash receipts and cash payments stay within the prescribed limit.
When is tax audit required for profession?
Generally when gross receipts from profession exceed ₹50 lakh.
Can a Chartered Accountant do the audit?
Yes. The relevant statutory and tax audits are conducted and signed by a practising Chartered Accountant with proper UDIN.
What is an internal audit?
It reviews controls, processes, risk areas and operational discipline to improve governance and efficiency.
Is GST audit still separate?
The old separate GST audit concept is removed, but reconciliation and record review remain important.
What is stock audit?
It is the verification of inventory records against actual stock to confirm quantity, valuation and control accuracy.
What is concurrent audit?
It is a real-time or near real-time review, commonly used in banks and high-volume transactions.
What is special audit?
It is a deeper audit directed in specific cases where complexity or risk requires extra review.
What is the tax audit report form?
The standard reporting route is through the prescribed tax audit forms such as 3CA/3CB and 3CD.
What documents are needed for audit?
Books of account, trial balance, ledger, vouchers, bank statements, contracts, invoices and statutory records are usually needed.
What is vouching in audit?
It is checking transactions against supporting documents to confirm genuineness and accuracy.
What is verification in audit?
It means confirming existence, ownership, valuation and disclosure of assets and liabilities.
What is an audit opinion?
It is the auditor’s conclusion on whether the financial statements present a true and fair view.
What is a qualified audit report?
It is an audit report that points out specific issues while still giving an overall opinion.
What is a management letter?
It is a note to management about internal control gaps, risks and process improvements.
Why do businesses need audit?
Audit improves credibility, supports lending, reduces errors and helps catch compliance issues early.
What is the penalty for not doing tax audit when required?
The penalty can go up to 0.5% of turnover or receipts, subject to the maximum limit prescribed.
Can audit be avoided by late filing?
No. Audit applicability is based on law, not on whether the return is filed late.
What happens if books are incomplete?
Incomplete books create audit difficulty, increase risk of qualification and may attract further scrutiny.
How long does a clean audit usually take?
If books are well maintained, a clean audit is usually far quicker than a messy year-end cleanup.
Can audit be done without reconciliations?
Practically no. Reconciliations are central to a reliable audit process.
Is audit only for large businesses?
No. Even smaller businesses and professionals may need audit if thresholds are crossed.
What is the difference between internal and statutory audit?
Internal audit is for management control. Statutory audit is a legal requirement with external reporting.
Why is bank reconciliation important in audit?
Because cash and bank balances are among the first areas examined for accuracy and fraud risk.
Do I need to preserve audit working papers?
Yes. Working papers support the audit conclusion and help in future reviews and notices.
Can audit findings affect tax notices?
Yes. Poor audit records often lead to follow-up questions and mismatch notices.
What is the best time to prepare for audit?
Monthly. Year-end audit becomes much smoother when books are reconciled regularly.
What is a risk-based audit approach?
It means focusing more on areas where errors, fraud or compliance failures are more likely.
Can a business owner do audit planning late?
They can, but it usually increases cost, stress and the chance of errors.
What is a financial statement audit?
It is the audit of the balance sheet, profit and loss account and related disclosures.
What is due diligence?
It is a review of financial and legal risk before a transaction, investment or acquisition.
Is audit only about numbers?
No. It also covers compliance, controls, documentation and risk behaviour.
Why do banks ask for audited statements?
They use them to judge credibility, profitability, stability and compliance quality.
What if there is a major discrepancy in books?
It should be corrected with proper explanation and supporting documents before finalization.
Do startup businesses need audit too?
They may need it once thresholds or statutory company requirements apply.
Can audit reduce business risk?
Yes. A proper audit often catches control weakness before it becomes a bigger loss.
Should audit be treated as a year-end formality?
No. It is best treated as a year-round discipline, not a rushed compliance task.

Company Law

ROC filings, AGM, annual return, DIN, DSC and company compliance questions.

Company Law
What is ROC compliance?
It is the set of filings and statutory actions required under the Companies Act and MCA framework.
What is an AGM?
An Annual General Meeting is the yearly shareholder meeting for approval of accounts and other statutory business.
When must the AGM be held?
The AGM is generally held within 6 months from the close of the financial year, subject to applicable law.
When is financial statement filing due?
For most companies, the financial statements are filed within the statutory window after the AGM through the applicable form.
When is the annual return filed?
The annual return is generally filed within 60 days of the AGM through the applicable form.
What is MGT 7?
It is the annual return form used by companies.
What is MGT 7A?
It is the simplified annual return form for eligible small companies and OPCs.
What is AOC 4?
It is the filing used for financial statements and related documents.
What is DIR 3 KYC now?
Director KYC is now treated as a simpler compliance update once in every three years under the current framework.
What is DIN?
DIN is the Director Identification Number required for a person acting as director.
What is DSC?
DSC is the digital signature used for MCA filings and other electronic compliance actions.
Do companies need board meetings?
Yes. Board meetings are required as per the Companies Act and applicable rules.
What is a statutory auditor appointment?
It is the formal appointment of the company’s external auditor for the applicable term and compliance cycle.
What is ADT 1?
ADT-1 is the filing used to intimate auditor appointment to ROC.
Can a company with no business skip filings?
No. Even inactive companies must complete the filings that apply to them.
What is a dormant company?
It is a company that is inactive but kept in existence under the statutory framework.
What is strike-off?
It is the removal of a company’s name from the register when eligible under law.
What is authorised share capital?
It is the maximum capital the company can issue unless it is increased through the proper process.
What is paid-up capital?
It is the amount of share capital actually issued and paid for by shareholders.
What is share allotment?
It is the issue of shares to investors or subscribers after the required approvals and filings.
What is share transfer?
It is the legal transfer of shares from one holder to another.
What are statutory registers?
They are official company records such as registers of members, directors, charges and related interests.
What is a registered office?
It is the company’s official address recorded with MCA.
Can the registered office be changed?
Yes, but the required process and filing depend on the type of change.
What is a private limited company?
It is a company structure with limited shareholders and specific legal features under the Companies Act.
What is an OPC?
It is a One Person Company, a structure designed for a single owner with limited liability.
What is an LLP?
It is a Limited Liability Partnership combining partnership flexibility with limited liability.
What is the main ROC risk for owners?
Missed filing, late filing, and incomplete records are the usual problems.
What is a late filing fee?
It is the additional fee charged when a statutory return is filed after the due date.
What happens if ROC filings are missed?
Heavy additional fees may apply and directors can face compliance consequences.
Can directors be disqualified?
Yes, prolonged non-compliance can create disqualification risk under applicable rules.
What is a resolution?
It is a formal decision approved by the board or shareholders and often filed where required.
What is a special resolution?
It is a resolution passed with a higher voting threshold for important company matters.
What is a charge filing?
It is the filing related to creation or modification of a company’s charge on assets.
What is corporate compliance?
It is the broader discipline of meeting law, filing, governance and documentation obligations.
Why is company law compliance important?
It keeps the company active, avoids penalties and builds trust with banks, investors and counterparties.
Can MCA filings be done casually at year-end?
That usually creates mistakes. Company law works better when records are maintained throughout the year.
Do investors check ROC history?
Yes. They often review filing history, status and past compliance before making decisions.
Does company law affect funding?
Yes. Clean filings make funding, due diligence and banking much smoother.
Should small companies ignore compliance?
No. Small company status lowers some burden, but it does not remove core statutory duties.


Industries We Serve

iron & steel durgapur asansol serampore barjora kulti haldia

Iron & Steel

Information technology professionals collaborating on software development and tech solutions like website development in a modern office

IT

High-speed commercial printing press running a large print job kolkata

Printing

a yellow excavator in mine field of west bengal

Mining

music band playing on stage tollygunge

Entertainment

tea field near assam, darjeeling

Tea

notebook with a startup ideas based in India

Startup

electric items in kolkata central chandni chowk market

Electric Items

FMCG PRODUCTS

FMCG

local caterer catering restaurant in a typical kolkata city

Restaurants

buildings under construction near new town rajarhat salt lake EM bypass corridor

Real Estate

white blue and orange medicine capsules

Pharmaceuticals

freelancer desk setup with a working computer

Freelancers

a large machine in a large building

Manufacturing

A tour spot showing a large narrow travel area within the ocean for tourist

Tourism

Red 'buy now!' button on a computer keyboard

E-Commerce

selective focus photography of hanged clothes

Retail

wholesale warehouse with a lots of shelves

Wholesale

aerial photo of cargo crates near river port kolkata haldia dock

Logistics

lorry and trucks for transportation

Transport

a man in scrubs and a stethoscope looking at a monitor inside hospital

Healthcare

empty conference seminar hall with vacancy for candidate articleship internship guidance

School

person using black white laptop computer looking at a dummy share market screen to learn money earning

Trading

a row of machines that are next to each other in a textile factory to convert raw fabrics into finished yarns

Textiles

assorted apparels and cloths

Garments

a medical clinic at night with a neon sign providing diagnostic services

Doctor Clinics

three gold rings in a white box in a jeweller's showroom

Jewellery

white car in a road

Automobiles

white and blue medical tablets blister pack

Medical

brown wooden table with chairs and central glass mirror

Interior Decoration

Union Budget 2026 – Technical Analysis

Budget 2026 In a Nutshell

Personal Income Tax: Stability Amidst Change

  • No change in slab rates under Old and New Tax Regimes
  • No amendment in Section 87A rebate, standard deduction or exemptions
  • Higher STT and indirect levies function as a silent tax increase

Revised ITR Filing Timelines

  • System-driven enforcement makes adherence critical
Taxpayer CategoryDue Date
Salaried / Other Sources / Capital Gains31 July
Non-Audit Business / Profession31 August (Critical Change)
Audited Companies31 October
Transfer Pricing Cases30 November

Mandatory Late Fees and Revised Returns

  • Revision window extended till 31 March of the following year
  • Mandatory fee applies if revised between 9–12 months
  • Total Income ≤ ₹5 Lakh: ₹1,000
  • Total Income > ₹5 Lakh: ₹5,000
  • Fee payment does not bar independent penalty proceedings

Audit Compliance – Escalated Cost of Delay

DefaultMandatory Late Fee
Audit delay up to 1 month₹75,000
Audit delay beyond 1 month₹1.5 Lakh
TAR delay up to 1 month₹50,000
TAR delay beyond 1 month₹1 Lakh

Mandatory late fees are automated and do not replace penalties under Section 271B.

TDS and TCS Rationalization

  • Manpower supply brought under Section 194C
  • Ends service vs work contract ambiguity

Revised TCS Rates

CategoryOldNew
Alcoholic Liquor1%2%
Scrap / Material1%2%
Tendu Leaf5%2%
Overseas Tour Packages—2%

LRS Threshold Changes

  • Unified ₹10 Lakh threshold introduced
  • Education & Medical: Nil up to ₹10L; 2% above
  • Other Remittances: Nil up to ₹10L; 20% above

STT Increase – F&O Segment

  • Sale of options and securities: 0.15%
  • Exercised options: 0.15%
  • Futures: 0.05%

Crypto Assets and Foreign Asset Disclosure

  • Exchange-level reporting reflected in AIS
  • Non-submission penalty: ₹200 per day
  • Incorrect reporting: ₹10,000 per instance
  • 6-month foreign asset disclosure window
  • No ₹10L penalty if liquid foreign assets < ₹20L
  • Immovable foreign property excluded from relaxation

Digitalization of Lower Deduction Certificates

  • Migration to rule-based digital portal
  • Reduced AO discretion and manual follow-ups

GST Reforms – Union Budget 2026

GST 2.0 Framework

  • Structural reform and rate rationalization
  • Movement towards 5%, 18%, and 40% slabs
  • Ease of Doing Business focus

Intermediary Services Reform

  • Omission of Section 13(8)(b) of IGST Act
  • Restores export status for cross-border services

Post-Supply Discounts and Credit Notes

  • No prior agreement requirement
  • No invoice-wise linkage needed
  • Recipient must reverse proportionate ITC
  • IMS automates credit note reconciliation
  • Commercial credit notes without GST do not require ITC reversal

Inverted Duty Structure Refund Reforms

  • 90% provisional refund within 7 working days
  • Effective from 1 November 2025
  • ARN delays and officer override remain concerns
  • ₹1,000 postal export barrier removed for MSMEs

E-Commerce and E-Way Bill Modernization

  • E-Way Bills repositioned as logistics enablers
  • Proxy address allowed for e-commerce sellers
  • 3-day registration timeline for small taxpayers

GST Appellate Tribunal Rollout

  • 31 State benches operational
  • Members active since 21 January
  • Backlog resolution phase initiated


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Quick Links

Ministry of Finance
Insolvency & Bankruptcy Board of India (IBBI)
Goods & Services Tax (GST) Portal
Income Tax Department
Income Tax E-Filing Portal
Ministry of Corporate Affairs (MCA)
Securities and Exchange Board of India (SEBI)
The Institute of Chartered Accountants of India (ICAI)
The Institute of Company Secretaries of India (ICSI)
The Institute of Cost & Works Accountants of India (ICMAI)
Central Board of Indirect Taxes & Customs (CBIC)

Areas We Serve

Agarwal Shaswat & Co. is a Chartered Accountant (CA) Firm based in Howrah, serving businesses, professionals and individuals across Howrah, Kolkata and nearby areas of West Bengal. We also assist clients with tax and compliance requirements from other locations through remote professional online CA services.

  • Howrah
  • Shibpur
  • Liluah
  • Bally
  • Belur
  • Santragachi
  • Dasnagar
  • Kadamtala
  • Andul
  • Alipore
  • Uttarpara
  • Konnagar
  • Rishra
  • Bandel
  • Serampore
  • Dankuni
  • Chandannagar
  • Kolkata
  • Barabazar
  • Sealdah
  • Shyambazar
  • Park Street
  • Esplanade
  • Salt Lake
  • Bidhannagar
  • Kestopur
  • Rajarhat
  • New Town
  • Baguiati
  • Ballygunge
  • Barasat
  • Behala
  • Beleghata
  • Bhowanipore
  • Birati
  • Dum Dum
  • Durganagar
  • Madhyamgram
  • Tollygunge
  • Bhatpara
  • Shyamnagar
  • Naihati
  • Halisahar
  • Kanchrapara
  • Kalyani
  • Barrackpore
  • Titagarh
  • Khardaha
  • Sodepur
  • Agarpara
  • Belghoria
  • Chinsurah
  • Burdwan
  • Kalna
  • Durgapur
  • Asansol
  • Siliguri
  • Jalpaiguri
  • Falta
  • Ichapur
  • Jagatdal
  • Kankinara
  • Bagnan
  • Sankrail
  • Uluberia
  • Maheshtala
  • Jagacha
  • Ramrajatala
  • Baksara
  • Domjur
  • Kona
  • Dhulagarh (Dhulagori)
  • Amta Road
  • Nischinda
  • Bankra
  • Makardah
  • Salap
  • Ankurhati
  • Belanagar
  • Hindmotor
  • Kotrung
  • Baidyabati
  • Bhadreswar
  • Manicktala
  • Belgachia
  • Kamarhati
  • Gariahat
  • Dhakuria
  • Jadavpur
  • Park Circus
  • Garden Reach
  • Kidderpore
  • Taratala
  • Parnasree
  • Budge Budge
  • Rajpur Sonarpur
  • Panihati
  • Kulti
  • Baranagar
  • Kharagpur
  • Haldia
  • Raiganj
  • Midnapore
  • Krishnanagar
  • Santipur
  • Balurghat
  • Habra
  • Jamuria
  • Basirhat
  • Bankura
  • Chakdaha
  • Darjeeling
  • Raniganj
  • Nabadwip
  • Purulia
  • Bongaon
  • English Bazar
  • Ranaghat
  • Bolpur
  • Cooch Behar
Knowledge Article: Locality Insights – Business and Commercial Overview

Howrah developed as an important urban centre on the western bank of the Hooghly, while Shibpur is known for its historic institutions and old neighbourhoods; further north, Liluah grew around railway and industrial activity, and the river-facing character of Bally is complemented by the heritage landscape around Belur, while Santragachi remains an important transport point and areas such as Dasnagar, Kadamtala and Andul form part of the wider Howrah urban landscape, with Alipore representing an established south Kolkata district and the adjoining Hooghly-side towns of Uttarpara and Konnagar continuing the metropolitan corridor.

Along the Hooghly, Rishra reflects the industrial history of the river belt, while Bandel is associated with an old railway junction and historic landmarks; nearby Serampore carries a strong colonial-era heritage, whereas Dankuni has grown as an important transport and industrial junction, and Chandannagar retains a distinctive French-influenced cultural legacy before the urban landscape becomes increasingly dense towards Kolkata, where central business activity is concentrated around places such as Barabazar, with Sealdah serving as a major rail gateway and Shyambazar, Park Street, Esplanade and Salt Lake representing very different but interconnected parts of the metropolis.

The planned urban environment of Bidhannagar contrasts with the more organically developed neighbourhoods around Kestopur, while the expansion around Rajarhat and New Town has reshaped Kolkata's eastern edge; nearby Baguiati is closely linked with the airport-side residential belt, whereas Ballygunge remains one of the city's established residential districts, and further north Barasat functions as an important suburban centre, while Behala, Beleghata and Bhowanipore each reflect different phases of Kolkata's residential growth, with Birati and Dum Dum forming part of the northern suburban environment.

Around the northern suburbs, Durganagar forms part of the railway-linked urban belt, while Madhyamgram has expanded considerably as a residential and commercial centre; farther south, Tollygunge has long been associated with Kolkata's film culture, while across the Hooghly belt Bhatpara developed around jute and industrial activity, and the riverfront settlements extending through Shyamnagar and Naihati form part of the historic industrial corridor, with Halisahar and Kanchrapara continuing northward towards the institutional and suburban character of Kalyani, while Barrackpore, Titagarh and Khardaha remain important parts of the greater urban region.

The northern Kolkata fringe around Sodepur is closely tied to long-established suburban communities, while Agarpara and Belghoria grew alongside the rail and industrial network; across the Hooghly, Chinsurah retains an important administrative and historical identity, while the agricultural and cultural landscape around Burdwan connects naturally with the older town of Kalna; farther west, Durgapur and Asansol represent major industrial centres, whereas Siliguri serves as a key gateway to North Bengal, with Jalpaiguri linked to the region's tea and forest landscape and Falta forming part of the industrial and port-oriented south-western fringe, alongside the historic riverside locality of Ichapur.

The northern Hooghly industrial belt includes Jagatdal, where older mill and factory activity shaped the surrounding settlement pattern, while nearby Kankinara forms part of the same densely developed corridor; south of the metropolitan area, Bagnan connects rural and suburban landscapes along an important railway route, while Sankrail has developed as a major industrial zone and Uluberia has become an important commercial and manufacturing centre, with the river-facing character of Maheshtala contrasting with neighbourhoods such as Jagacha, Ramrajatala and Baksara, and the wider Howrah landscape continuing through Domjur, Kona and the industrial belt around Dhulagarh.

The semi-urban landscape around Amta Road connects Howrah's expanding suburban edge with smaller residential communities, while Nischinda has grown alongside the surrounding transport network and Bankra reflects the dense mixed-use character of the western metropolitan fringe; farther along, Makardah retains a more traditional suburban setting, while Salap and Ankurhati have seen increasing commercial development, Belanagar and Hindmotor reflect the history of the Hooghly-side industrial corridor, and places such as Kotrung, Baidyabati and Bhadreswar continue that older urban and industrial pattern towards the historic town of Manicktala.

In north and central Kolkata, Belgachia and Kamarhati form part of an old urban belt shaped by railway and industrial expansion, while the southern neighbourhood of Gariahat is known for its busy markets and retail streets and Dhakuria bridges several established residential zones; further south, Jadavpur is strongly associated with education and student life, while Park Circus has long been a diverse urban neighbourhood, and the eastern riverfront around Garden Reach developed important dock, shipbuilding and industrial connections, leading towards Kidderpore and Taratala, with Parnasree, Budge Budge and Rajpur Sonarpur extending the broader southern metropolitan landscape.

The suburban environment around Panihati lies within the densely settled northern Kolkata corridor, while Kulti and Jamuria reflect the industrial geography of the western coal belt; farther south-west, Baranagar forms one of the city's oldest northern urban extensions, whereas Kharagpur is widely associated with its railway and educational institutions, and Haldia developed around ports and petrochemical industries, with Raiganj serving as a significant North Bengal urban centre, Midnapore retaining an important administrative and cultural role, Krishnanagar carrying a strong heritage tradition, and Santipur remaining closely identified with its handloom and textile culture, while Balurghat serves as another important centre in southern North Bengal.

The landscape further east includes Habra, which has developed as an important suburban centre on the route towards northern West Bengal, while Basirhat reflects the character of the lower deltaic region; Bankura is noted for its terracotta traditions and cultural heritage, whereas Chakdaha forms part of the developing Nadia urban belt, and the Himalayan setting of Darjeeling is markedly different from the plains around Raniganj, whose industrial history is closely tied to coal; the historic learning tradition of Nabadwip, the landscape of Purulia, the border-town character of Bongaon, the commercial importance of English Bazar, the regional role of Ranaghat, the cultural identity of Bolpur and the northeastern position of Cooch Behar together illustrate the geographical diversity of West Bengal.

The information presented above may help businesses and entrepreneurs understand the general characteristics of the locality and independently assess whether the area aligns with the nature and requirements of a proposed business.

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