Chartered Accountants · Prayagraj, India

Statutory compliance, financial advisory, and the systems that support both.

Vanshika Sharma & Associates is a chartered accountancy practice working with founders, growing businesses and individuals across India. Three practices, one point of contact.

What we do

Ten engagements, grouped into three practices.

Most clients begin in the first practice and move into the second and third as the business grows. Each engagement is scoped and priced separately.

I Assurance & Compliance

Audit & Assurance

Statutory and tax audits conducted to the standards issued by ICAI, with a clear written report and a plain-language summary of what we found.

Statutory audit
Tax audit
Internal audit
Stock & bank audit

Income Tax

Return filing, TDS compliance and representation before the tax authorities, with planning done ahead of the year rather than after it.

Returns
TDS / TCS
Advance tax
Assessments & appeals

Goods & Services Tax

Monthly and annual GST compliance, with input tax credit reconciled against GSTR-2B and the books before each return is filed.

Registration
GSTR-1 & 3B
Annual return & 9C
Refunds
Notices

Company Law

Incorporation through to ongoing ROC compliance, structured so that a young company does not accumulate filing defaults in its first years.

Incorporation
ROC / MCA filings
LLP compliance
Startup India

II Finance & Advisory

Accounting & Outsourcing

Books maintained on a monthly cycle with management information you can actually read — not a trial balance handed over in March.

Bookkeeping
Monthly MIS
Payroll
Virtual CFO

Project Finance & Bank Funding

CMA data in the RBI-prescribed format, project reports that answer the appraisal questions before they are asked, and the working papers behind both — with the file attended to until sanction and disbursement.

CMA data
Project report / DPR
Term loans
Working capital
MSME schemes

Financial Modelling & Valuation

Models built for a specific decision — a funding round, an acquisition, a bank facility — on figures reconciled to your audited accounts, with every assumption documented and a walkthrough for your team.

Three-statement model
DCF valuation
Fundraising projections
Scenario analysis

NRI & Cross-Border

Residential status, double taxation relief, repatriation and FEMA reporting for individuals and businesses with interests outside India.

NRI taxation
DTAA relief
Form 15CA / 15CB
FEMA

III Systems & Capability

Finance Automation & AI Implementation

A defined engagement with a start and an end, not a demonstration. We map how your finance work is actually done, remove the hours that can be removed, write the data-handling policy, train your team, and review at ninety days.

Process & time audit
Automation roadmap
Tool selection
Data governance
90-day review

Finance Team Training

Scheduled programmes for in-house accounts teams, run to a written curriculum with exercises on your own data, a workbook the team keeps, and a short assessment.

GST for accounts teams
TDS & payroll
Reading an MIS pack
Model integrity
AI tools in finance

The last two engagements fall within Management Consultancy and Other Services under the Chartered Accountants Act, 1949. The ICAI Council expanded that definition in December 2025 to include artificial intelligence consulting, alongside forensic accounting and social impact assessment.

Who we work with

Six situations we see most often.

The work differs less by industry than by the position a business is in when it reaches us.

Founders

Newly incorporated companies and LLPs that need the first year set up correctly — registrations, books, and a filing calendar that does not fall behind.

Growing businesses

Established SMEs and family businesses that have outgrown a bookkeeper and need monthly reporting they can act on, not a year-end reconstruction.

Businesses raising finance

Companies approaching a bank, an NBFC or an investor, who need the numbers presented the way the person assessing them expects to see them.

Behind on filings

Businesses carrying pending returns, unfiled ROC forms or open notices. We are used to this. The first step is establishing exactly what is outstanding.

Non-residents

NRIs and families with income, property or investments in India, and Indian businesses with operations or counterparties abroad.

Individuals & professionals

Salaried individuals, consultants and professionals with capital gains, multiple income sources, or a notice that needs answering.

How an engagement runs

Four steps, and you know where you stand at each one.

STEP 01

Discussion

A call or meeting to understand the business, its current position and what is actually pending. No charge, and no obligation to proceed.

STEP 02

Scope & quote

We agree what is covered, what is not, who does what, and the basis on which fees are computed — in writing, so nothing is assumed.

STEP 03

Onboarding

Records, logins and prior filings are handed over through a secure channel and reviewed for open items before we take charge.

STEP 04

Running the calendar

Due dates are tracked on your behalf, documents are requested in advance, and you receive confirmation once each filing is completed.

Statutory calendar

The dates we track for you.

A working reference for the recurring obligations most Indian businesses carry. Applicability depends on turnover, constitution and registrations.

Every month
Date	Obligation	Applies to
7th	TDS / TCS deposit for the preceding month	All deductors
11th	GSTR-1 — outward supplies	Monthly filers
13th	GSTR-1 (IFF) for QRMP taxpayers	Quarterly filers
15th	Provident fund and ESI contributions	Registered employers
20th	GSTR-3B — summary return and tax payment	Monthly filers

Through the year
Date	Obligation	Applies to
15 Jun	First instalment of advance tax — 15%	Assessees with advance tax liability
31 Jul	Income tax return — non-audit cases	Individuals and firms not under audit
15 Sep	Second instalment of advance tax — 45% cumulative	Assessees with advance tax liability
30 Sep	Tax audit report in Form 3CA / 3CB and 3CD	Assessees covered by section 44AB
31 Oct	Income tax return — audit cases	Companies and audited assessees
15 Dec	Third instalment of advance tax — 75% cumulative	Assessees with advance tax liability
31 Dec	Annual GST return in GSTR-9 and reconciliation in 9C	Registered persons above threshold
15 Mar	Final instalment of advance tax — 100%	Assessees with advance tax liability

Indicative dates only. Due dates are frequently extended or amended by notification, and ROC dates depend on the date of the annual general meeting. Please confirm the position applicable to you before relying on this table.

Common questions

Asked before most engagements begin.

How are fees determined?

They depend on the scope, the volume of transactions and the constitution of the entity, and are quoted after an initial discussion. Professional guidelines do not permit fees to be advertised, so we do not publish a schedule.

Will you take on a client who is behind on filings?

Yes — it is a common reason clients come to us. We start by establishing exactly what is outstanding, then give you a written summary of what it will take to bring it current.

Which accounting software do you work with?

Tally Prime, Zoho Books, QuickBooks, Xero and Busy, along with the statutory portals. If you already run something else, we will work in it rather than ask you to migrate.

Do you work with clients outside your city?

Yes. Most compliance work now runs on statutory portals and shared documents. Where a matter needs appearance before an authority elsewhere, we say at the outset whether we can act or whether it is better referred locally.

Can you be our auditor and also do the automation work?

Not always — and we will say so before accepting, not afterwards. Some non-audit services create a self-review threat for an audit client, and independence requirements come first.

Clients outside India

Cross-border work, on the same calendar discipline.

We work with non-resident individuals and with Indian businesses that have operations, customers or investors abroad. That includes determining residential status, claiming relief under the applicable double taxation avoidance agreement, certification under Form 15CA and 15CB for foreign remittances, and reporting obligations under FEMA.

A dedicated practice for clients based in the United States and the United Kingdom is being developed and will be published here once it is in place.

CoverageNRI taxation, DTAA relief, repatriation, transfer pricing documentation

Working hoursCalls scheduled to suit IST, GMT and US time zones

RecordsDocuments exchanged through a password-protected channel

Have a question about your position?

Send us the details and we will tell you what applies to you, what is pending, and what it would take to bring it current.

Services

What we take responsibility for.

Details of services are set out below. Fees depend on the scope, the volume of transactions and the constitution of the entity, and are quoted on request.

01 · Part I

Audit & Assurance

Audits are planned around your reporting timetable and conducted under the Standards on Auditing issued by ICAI. You receive the report together with a summary of observations and the points we would like to see addressed before the next cycle.

Statutory auditCompanies, LLPs and other entities required to be audited under the applicable statute

Tax auditReporting under section 44AB in Form 3CA / 3CB together with Form 3CD

Internal auditProcess and control review, with a written report to management

Other auditsStock audit, bank concurrent audit, and audits required by grant or funding conditions

02 · Part I

Income Tax

Return preparation and filing for individuals, firms, LLPs and companies, along with the TDS compliance that runs alongside it through the year. Where a notice or assessment arises, we prepare the response and appear on your behalf.

ReturnsIncome tax returns for all classes of assessee, including revised and updated returns

TDS & TCSMonthly deposits, quarterly statements, correction filings and Form 16 / 16A issue

Advance taxQuarterly estimation and computation to avoid interest under sections 234B and 234C

RepresentationResponse to notices, scrutiny assessment, rectification and appeals before the CIT(A)

03 · Part I

Goods & Services Tax

GST compliance handled on a monthly cycle, with input tax credit reconciled against GSTR-2B and the books before each return is filed — which is where most credit is lost when it is not done.

RegistrationNew registration, amendment, additional place of business and cancellation

ReturnsGSTR-1, GSTR-3B, and the QRMP scheme where applicable

Annual filingGSTR-9 annual return and GSTR-9C reconciliation statement

Refunds & noticesExport and inverted duty refunds, and replies to departmental notices

04 · Part I

Company Law & Startup Advisory

From choosing a constitution through to the annual ROC calendar. New companies most often come to us with a year or two of filing defaults already accumulated; the aim is to prevent that.

FormationPrivate limited company, LLP, OPC and partnership registration

Annual filingForms AOC-4, MGT-7 / 7A, DIR-3 KYC and the LLP annual return

Event-basedShare allotment, change of directors, registered office and charge creation

StartupsStartup India recognition, valuation support and due diligence readiness

05 · Part II

Accounting & Outsourcing

Books maintained monthly and closed monthly, so the position is known through the year rather than discovered at the end of it. Reporting is prepared in a format you can read without an accounting background.

BookkeepingRecording, bank and vendor reconciliation, and monthly closing

ReportingMonthly MIS covering revenue, margin, receivables, payables and cash position

PayrollSalary processing, PF, ESI and professional tax compliance

Virtual CFOBudgeting, cash flow planning and periodic review with management

06 · Part II

Project Finance & Bank Funding

Proposals are declined as often for how they are presented as for the business behind them. We prepare the statements a lender actually appraises on, in the format the lender expects, and stay with the file while the branch and the credit team raise queries.

CMA dataCredit Monitoring Arrangement statements in the RBI-prescribed format — two years of audited actuals with three to five years of projections, fund flow, ratio analysis and DSCR

Project reportDetailed project report for a new unit or expansion: cost of project, means of finance, installed capacity, break-even and sensitivity analysis

Working capitalAssessment of limits, drawing power computation, and proposals for enhancement or renewal of existing facilities

Term loansProposals for plant, machinery, building and expansion, including repayment scheduling against projected cash flows

Government schemesApplications under CGTMSE, PMEGP and Mudra, and applicable state subsidy and incentive schemes

Appraisal supportReplies to queries raised during appraisal, through to sanction and disbursement

What we do not doWe prepare and present the proposal. We do not arrange or broker finance, we do not guarantee sanction, and we do not charge a fee contingent on the loan being sanctioned

07 · Part II

Financial Modelling & Valuation

A model is commissioned for a decision, not as a document. We start from the decision you are facing, build on figures reconciled to your audited accounts, and document every assumption so the model can be defended in a diligence room. Delivery includes a walkthrough with your team so they can change assumptions themselves.

DeliverableA working three-statement model in Excel, with a documented assumptions sheet, scenario toggles, and a short written summary of findings

Model typesThree-statement operating model, DCF and comparable company valuation, fundraising projections, transaction and merger models. Where the model is for a lender rather than an investor, see engagement 06

Typical situationsAn equity round, a bank or NBFC facility, an acquisition or divestment, an annual operating plan, a board or investor reporting pack

BasisBuilt on audited historicals, with Ind AS treatment and tax consequences reflected in the projections rather than added afterwards

Statutory valuationWhere a report from an IBBI-registered valuer is required by law, we scope the work and coordinate with a registered valuer

TimelineTypically three to five weeks from receipt of complete historical data

08 · Part II

NRI & Cross-Border

For non-residents with income or assets in India, and for Indian businesses transacting abroad. Getting residential status and treaty position right at the start avoids most of the difficulty that follows.

NRI taxationResidential status, return filing, capital gains and lower deduction certificates

Treaty reliefRelief under the applicable DTAA and tax residency certificate support

RemittancesCertification in Form 15CA and 15CB for outward remittances

FEMAReporting for foreign investment, ODI and repatriation of funds

09 · Part III

Finance Automation & AI Implementation

Most finance teams lose the same hours every month to the same handful of tasks — keying invoices, chasing documents, reconciling three systems that do not agree. This engagement finds those hours, removes what can be removed, and leaves your team able to run what remains without depending on us.

It is scoped and delivered as an engagement with a defined start, defined deliverables and a defined end — not an open-ended retainer, and not a software resale.

Stage 1Process and time audit — we sit with the people doing the work and measure where the hours actually go

Stage 2A written roadmap ranking each opportunity by hours saved against cost and risk, including the items we recommend against and why

Stage 3Tool selection and configuration — accounting software, document capture, reconciliation and reporting workflows

Stage 4A written data governance and confidentiality policy covering what client and employee data may be put into which systems

Stage 5Training and handover to named members of your team, with written procedures

Stage 6Review at ninety days, measuring the result against the hours identified in Stage 1

IndependenceWe hold no commercial arrangement with any software vendor. Where this engagement would impair our independence as your auditor, we say so before accepting it

Provided as Management Consultancy and Other Services under the Chartered Accountants Act, 1949. The ICAI Council expanded that definition in December 2025 to include artificial intelligence consulting.

10 · Part III

Finance Team Training

Structured programmes for in-house accounts and finance teams. Each runs to a written curriculum, uses exercises built on your own data rather than generic examples, and ends with a workbook the team keeps and a short assessment so you can see what was understood.

FormatHalf-day intensive, two-day workshop, or a six-week programme of weekly sessions

DeliveryAt your office or online, in English or Hindi, for cohorts of six to fifteen

Compliance modulesGST for accounts teams; TDS and payroll compliance; documentation that survives an assessment

Finance modulesReading and using an MIS pack; working capital and cash discipline; spreadsheet and model integrity

Technology modulesPractical AI tools in finance work — what they are reliable for, what they are not, and the confidentiality rules that must be applied when using them

DeliverablesCurriculum in advance, participant workbook, exercise files, assessment, and a written summary to management

Details of fees are provided on specific request.

Not sure which of these applies to you?

Describe your situation and we will tell you what is required, what is pending, and what it would take to bring it current.

Blog

Notes on compliance, written plainly.

Short pieces on changes in tax and corporate law, and on the questions that come up most often. General information only — not advice on any specific matter.

GST —

Reconciling input tax credit with GSTR-2B before you file

Why credit is lost in the gap between the purchase register and the auto-populated statement, and a monthly routine that closes it.

Read →

Income Tax —

Advance tax: the four dates, and what missing them costs

How interest under sections 234B and 234C is computed, with a simple method for estimating each instalment through the year.

Read →

Company Law —

A new private limited company's first-year filing calendar

Everything a company incorporated this year must file before its first annual general meeting, in the order it falls due.

Read →

Project Finance —

What a bank is actually reading in your CMA data

The four figures a credit officer checks first, and the projections that get a file sent back before it reaches appraisal.

Read →

Systems & AI —

What may and may not be put into an AI tool by a finance team

A practical confidentiality test for accounts staff, and the categories of client data that should never leave your own systems.

Read →

Audit —

Preparing for your first statutory audit

The records to have ready before fieldwork begins, and the reconciliations worth completing yourself rather than leaving to the auditor.

Read →

NRI & Cross-Border —

Residential status: the test that decides everything else

How days of presence are counted, why the answer changes mid-year, and what follows from it for tax on foreign income.

Read →

Accounting —

Closing the books monthly instead of annually

What a monthly close actually involves, and why businesses that do it stop being surprised by their own numbers.

Read →

Modelling & Valuation —

Assumptions are the model

Why a model is only as defensible as the sheet nobody reads, and how to document assumptions so they survive a diligence process.

Read →

These nine entries are placeholders showing the format — one per category, so you can see the filter working. Replace them as you publish. Educational content and professional updates are permitted; avoid anything that solicits work or claims superiority.

Contact

Tell us what you need help with.

Send a short description of your position and we will respond with what applies, what is pending, and what it would take to put it in order.

Office

Address 1096 Shivnagar Colony
Allahpur, Prayagraj
Uttar Pradesh 211006

Telephone +91 87567 23654

Email office@cavanshika.com

Hours Mon–Sat, 10:30–19:00 IST

Office 1096 Shivnagar Colony
Allahpur, Prayagraj
Uttar Pradesh 211006 Open in Google Maps →

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