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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.

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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.

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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.

Taxation

Withholding hygiene under sections 194Q and 194R

SKA Direct Tax Desk · 8 min read

Sections 194Q (purchase of goods) and 194R (benefits or perquisites arising from business or profession) continue to generate mismatch notices where master data, PAN-Aadhaar linkage or benefit valuation is weak.

A practical control is a monthly deductee master review: turnover thresholds, TCS overlap under 206C(1H), and documentation of why a transaction is a benefit rather than a discount. Valuation of non-cash benefits should be contemporaneous, not reconstructed at return filing.

Positions in this article are general and do not constitute an opinion on any assessee’s facts.

धारा 194क्यू (माल की खरीद) और 194आर (व्यवसाय या पेशे से उत्पन्न लाभ या अनुलाभ) उन मामलों में बेमेल नोटिस उत्पन्न करती रहती हैं जहाँ मास्टर डेटा, पैन-आधार लिंकेज या लाभ मूल्यांकन कमजोर है।

व्यावहारिक नियंत्रण है मासिक कटौतीकर्ता मास्टर समीक्षा: टर्नओवर सीमाएँ, 206सी(1एच) के अंतर्गत टीसीएस ओवरलैप, और यह दस्तावेजीकरण कि लेनदेन छूट न होकर लाभ क्यों है। गैर-नकद लाभ का मूल्यांकन समकालिक होना चाहिए, रिटर्न फाइलिंग पर पुनर्निर्मित नहीं।

इस लेख की स्थितियाँ सामान्य हैं और किसी निर्धारिती के तथ्यों पर राय नहीं हैं।

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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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