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M/s. SHEO KANT & ASSOCIATES — Chartered Accountants
EN HI

About Us

The people and the practice.

Greater Noida and Chhapra. Integrity, precision and confidentiality — named partners, scoped engagements.

2

Indian offices

6

Core practice areas

Read about the firm
The Firm History, values and how the dual-office practice is organised. Our Team Founder and Managing Partner, and the named Partner of the firm. Core values Integrity, precision and confidentiality — confirmed on every engagement. Offices Greater Noida · Chhapra · working-day response.

Practice Areas

Six supervised mandates.

Audit, tax, GST, ROC, Virtual CFO and forensic work — each scoped in an engagement letter.

Explore all practice areas
Audit & Assurance Independent statutory, tax and internal audits aligned to ICAI Standards on Auditing, with board-ready reporting. Direct Tax Income-tax compliance, representation and structuring support across return filing, assessments and withholding obligations. Indirect Tax / GST GST registration, returns, reconciliations and departmental correspondence with a focus on input tax credit integrity. Corporate ROC / MCA Company law compliance, MCA e-filings and secretarial coordination for private, public and LLP entities. Virtual CFO Outsourced finance leadership covering MIS, cash-flow discipline, statutory calendars and lender-ready reporting. Forensic Investigation Fact-finding reviews of suspected irregularity, fraud risk and digital-financial trails, conducted with chain-of-custody discipline.

Industries

Sector desks, one standard.

Manufacturing, tech, healthcare, real estate and retail, with the same professional standard.

Explore all industries
Healthcare Hospitals, diagnostic chains and professional clinics operate at the junction of GST exemptions, composite supplies, charitable trust conditions and high cash-to-bank risk. Engagements emphasise revenue completeness, 194J professional payments, and trust/section 10/12AB compliance where applicable. Manufacturing Manufacturing clients typically combine high GST volume, inventory valuation judgements, MSME payment cycles and plant-level internal control. Our work centres on statutory audit coordination, ITC integrity, cost records where prescribed, and transfer of benefits under industrial incentive schemes — documented as professional procedures, not as outcome guarantees. Real Estate & Infra Real estate and infrastructure mandates involve project-wise WIP, RERA collections, GST on works contracts, joint development agreements and large TDS/TCS surfaces (194-IA, 194R, 206C). We organise documentation so statutory audit, tax audit and RERA reporting speak from the same schedules. Retail / E-Commerce Retail and marketplace sellers face TCS under section 52 of the CGST Act, high-volume reconciliations, inventory shrinkage and marketplace settlement lags. Our procedures focus on GSTR-1 vs platform reports, 194-O where relevant, and cut-off between principal and agent supplies. Startups & Tech Early-stage and growth-stage technology companies need clean cap-table hygiene, ESOP accounting, GST on cross-border SaaS, and investor-grade MIS. We support Virtual CFO cadences, due-diligence data rooms and Section 80-IAC / DPIIT documentation where the client is eligible — eligibility is always fact-specific.

Tools

Planning tools, used with judgement.

Indicative calculators and the statutory calendar. Confirm figures against the latest notifications.

Compliance Calendar GST, TDS, ROC and income-tax due dates.

Calculators

Open calculator suite →
Income Tax FY 2025-26 new vs old regime — indicative slab estimate with 87A rebate. GST Add or reverse GST at 5%, 12%, 18% or 28% on a taxable value. TDS Illustrative withholding on common 194C / 194J / 194I / 194A payments. HRA Exemption Least of actual HRA, rent minus 10% of basic, and 40%/50% of basic. Advance Tax 15 June / 15 Sep / 15 Dec / 15 Mar instalment split on estimated liability. EMI Equated monthly instalment, interest outgo and total payable on a reducing balance. Depreciation (WDV) Written-down value charge for a block at the rate you enter. Gratuity Payment of Gratuity Act formula — 15/26 × last drawn salary × completed years. Presumptive tax Illustrative 44AD (6%/8%) and 44ADA (50%) deemed-income worksheets. GST late fee Illustrative GSTR-3B late fee and 18% interest on net tax due. MSME 45-day interest Illustrative interest on sums unpaid beyond 45 days (MSMED Act §16 style).

Figures are indicative. They are not an opinion or a filing.

Client tools

Indicative calculators for planning conversations.

These worksheets illustrate common Indian tax and finance arithmetic. They are not a filing, an opinion or an engagement. Confirm rates, thresholds and facts with the practice before acting.

Educational estimates only. Surcharge, cess variations, marginal relief nuances, threshold exemptions, PAN status and the latest CBDT/GST Council notifications are not fully modelled. This is not professional advice and does not create a client relationship.

Income tax — FY 2025-26

New regime (default) with ₹75,000 standard deduction for salary and 87A rebate up to ₹12 lakh. Old regime uses ₹50,000 standard deduction and a simplified 80C cap.

Taxable income
Tax before cess
Payable

Section 87A rebate applied:

GST add / reverse

Taxable value
GST
Payable

TDS on specified payments

Rate used
TDS
Net to payee

HRA exemption

Exemption is the least of actual HRA, rent paid minus 10% of basic, and 50% (metro) or 40% (other) of basic. Annual figures.

Exempt HRA
Taxable HRA

Advance tax instalments

Due date%Cumulative payable

Loan EMI

EMI
Total interest
Total payable

Depreciation — WDV

Year-1 charge
Year-1 closing
WDV after years

Gratuity (non-government)

15/26 × last drawn monthly salary × completed years of service, capped at ₹20 lakh under the Payment of Gratuity Act for covered establishments.

Formula amount
Payable

Capped at the statutory ₹20 lakh ceiling used in this worksheet.

Presumptive tax — 44AD / 44ADA

Illustrative deemed income only. Turnover limits, digital-receipt tests, partner remuneration and the latest Finance Act thresholds are not fully modelled.

Deemed income

GST late fee & interest (illustrative)

A simplified GSTR-3B-style worksheet: ₹50 per day per Act (CGST + SGST) with an illustrative ceiling, plus 18% p.a. interest on net tax due. Confirm the latest CBIC circular before paying.

Late fee (both Acts)
Interest (18% p.a.)
Fee + interest

MSME 45-day interest (illustrative)

Section 16 of the MSMED Act uses compound interest at three times the RBI bank rate with monthly rests. This sheet uses a simple 3× bank-rate × days/365 illustration for unpaid sums beyond 45 days — not a statutory computation.

Days beyond 45
Illustrative interest

Next step

Need a diagnostic review before the next due date?

Share the mandate, period and any open notices. We respond on working days after a conflict check — this is not an engagement until a letter is signed.

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