Our Process
At Abhay C. Asknani & Co., every service — whether related to Income Tax, GST, Audit, ROC, TDS/TCS, or Financial Reporting — follows a clear and systematic workflow.
Our processes are designed to ensure accuracy, documentation, statutory compliance, and timely execution.
Below is the step-by-step approach followed across most engagements.
Understanding Your Requirements
We begin by gathering details of the client’s business, financial records, applicable statutory obligations, and specific compliance requirements.
This helps ensure that every engagement is handled with complete clarity from the start.
Documentation Collection & Review
We request and review all relevant documents such as:
- Books of accounts
- Invoices & ledgers
- Bank statements
- Previous filings
- Agreements & declarations
- Applicable statutory records
All documentation is checked for completeness, accuracy, and consistency with the applicable compliance requirement.
Data Verification & Reconciliation
We perform reconciliations based on service type:
- ITR: income, deductions, 26AS, AIS/TIS
- GST: GSTR-2B, purchase register, sales data
- TDS/TCS: challans, deductions, TRACES records
- Audit: ledgers, vouchers, financial statements
- ROC: statutory registers & event-based documentation
This step ensures correctness and reduces discrepancies during filing or audit review.
Preparation of Computations & Working Papers
After verification, we prepare:
- Tax computations
- GST workings
- TDS/TCS workings
- Reconciliation sheets
- Audit working papers
- Financial statement drafts
- ROC filing schedules
All working papers are created systematically and maintained for internal and regulatory reference.
Draft Review With Client
Before final submission, we share the relevant computations, summaries, or draft reports for client review.
This ensures transparency and allows clients to understand the basis of reporting.
Filing & Submission
Upon approval, we complete statutory filings such as:
- Income Tax Returns
- GST Returns
- TDS/TCS Returns
- ROC/MCA filings
- Audit reports (where applicable)
All filings are made in accordance with statutory timelines and regulatory requirements.
Post-Filing Support & Record Maintenance
After submission, we support clients with:
- Downloading acknowledgments
- Maintaining filing records
- Preparing documentation for future audits or assessments
- Clarifications on filings, if required
- Guidance for upcoming deadlines
Compliance Calendar & Ongoing Updates
We share applicable due dates and updates relevant to:
- Income Tax
- GST
- TDS/TCS
- Company Law (ROC)
- FEMA (as applicable)
This helps clients stay proactively prepared for future obligations.
Continuous Communication & Advisory
We maintain clear communication throughout the engagement, ensuring that clients understand:
- Applicable provisions
- Documentation requirements
- Filing steps
- Impact of regulatory changes
This leads to a structured, predictable, and compliant experience.
Get in touch
Contact Us Today
501, Shilp Satved, Besides Sindhubhavan, Sindhubhavan Road, Bodakdev, Ahmedabad - 380059