Festive season playbook
staffing, display and offer plan reused by stores in the region
Statement of Practice · FY 2026–27Accepting new clients
Store Manager
Retail Store Manager, 6 years
Retail store manager with 12 years in electronics and hypermarket formats, now running a 25,000 sq ft consumer electronics store with a team of 45.
ITR & GST filed on time, every timeTax planning before March, not duringAudit-ready books, all yearPlain-English advice, no jargon
ITR & GST filed on time, every timeTax planning before March, not duringAudit-ready books, all yearPlain-English advice, no jargon
A/C 01
Services & fee schedule
FY 2026–27Fixed fees, quoted before work begins. If your situation is more complex than the schedule below, you'll know the revised fee before I start — never after.
ItemParticularsIncludesFees from
01.
Income-tax returns & planningIndividuals · Professionals · HUF
ITR preparation and filing, advance-tax workings, capital-gains computation, a pre-March planning call.
₹4,500per return
02.
GST — registration to returnsMonthly · Quarterly · Annual
GSTR-1/3B filings, reconciliation with books, ITC review, notices handled.
₹2,000per month
03.
Books, payroll & MISStartups & SMEs
Monthly bookkeeping, payroll with TDS, and a one-page MIS you'll actually read.
₹8,000per month
04.
Audit & assuranceStatutory · Tax audit · Certification
Company and tax audits under the Companies Act and s.44AB, net-worth and turnover certificates.
₹25,000per engagement
05.
Company & complianceIncorporation · ROC · FEMA
Incorporation, annual ROC filings, board minutes, share allotments, FEMA reporting.
₹12,000per year
06.
Advisory & representationScrutiny · Appeals · Restructuring
Assessment and scrutiny representation, appeal drafting, business-structure advice.
₹3,000per hour
* Government fees & taxes extra at actualsE&OE · Fee card revised annually
A/C 02
The compliance calendar
Never miss a dateEvery client gets this calendar mapped to their business, with reminders a fortnight ahead. The dark months are where amnesia gets expensive.
AprQ1
- New FY books open · Opt GST composition
May
- TDS returns Q4 · Form 16 issued
Jun
- Advance tax #1 · DPT-3 filing
Jul
- ITR salaried & non-audit · TDS returns Q1
Aug
- GSTR-1 QRMP · Belated planning check
Sep
- Advance tax #2 · Tax-audit reports · AGM & AOC-4 prep
Oct
- ITR audit cases · ROC annual filings · TDS returns Q2
Nov
- MGT-7 filing · GSTR reconciliation
Dec
- GSTR-9 annual return · Advance tax #3 · Belated ITR last call
Jan
- TDS returns Q3 · Budget watch
Feb
- Budget impact memo · March planning begins
MarEoY
- Advance tax #4 · Investment proofs · Year-end closing
Reminders sent a fortnight ahead of every statutory date · calendar tailored to each client.
ICAI ·
Member
in practice
Member
in practice
Prashant SawantB.Com, FCA
A/C 03
About the practice
Retail store manager with 12 years in electronics and hypermarket formats, now running a 25,000 sq ft consumer electronics store with a team of 45.
§ 1
Deadlines are sacred. Zero missed statutory dates since 2017 — the streak is the product.
§ 2
Planning beats filing. The best tax work happens in February, not July.
§ 3
Plain English, always. If you can't explain your own numbers after our call, I've failed.
A/C 04
Selected engagements
AnonymisedShrinkage control project
new receiving checklist and weekly high-value counts
A/C 05
Professional record
Education Dr. · Experience Cr.Education & credentials
MBA in Retail Management
Private business school
B.Com
College affiliated to a state university
Experience
Store Manager
Consumer electronics retail chain
Run a 25,000 sq ft store with 45 staff and brand promoters, responsible for sales, margin and expenses.
5 years
Department Manager
Hypermarket chain
Managed the home appliances and electronics department, planning stock and offers with category teams. Improved conversion with demo zones and trained staff on product features and finance options.
2 years
Sales Supervisor
Mobile phone retail chain
Supervised four sales staff and handled billing, activations and stock checks. Met monthly targets for accessories and protection plans most months.
A/C 06
Client remarks
Unaudited, but truePrashant found ITC our previous accountant had ignored for two years. He paid for himself in the first month — and I finally understand my own P&L.
I'm a doctor; I had no idea what advance tax was. Now I get a WhatsApp two weeks before every date with the exact amount. Zero stress since.
During our funding round the investors' diligence team had no questions. Our lead said that almost never happens. That's Prashant's work.
A/C 07
Notes to clients
Plain-English tax notes12.06.2026
The new tax regime, decided once and for allA one-page worksheet to pick your regime in ten minutes — with the three cases where the old regime still wins.
Read note →28.04.2026Freelancers: 44ADA is a gift. Don't unwrap it wrong.Presumptive taxation saves you bookkeeping — until it doesn't. Where the 50% rule actually bites.
Read note →15.02.2026What a GST notice actually means (and what it doesn't)Most notices are mismatches, not accusations. How to respond in seven days without panicking.
Read note →03.01.2026March is too late: a February tax-planning checklistEleven moves to make before the 31st — ranked by rupees saved per minute of effort.
Read note →A/C 08
Frequently asked
Q.I have three years of unfiled returns. Can you fix this?
Usually, yes — through updated returns (ITR-U) and condonation where applicable. The sooner we start, the more options exist. This is my most common new-client situation; there is no judgement, only a checklist.
Q.Do you work with clients outside Mumbai?
About half my clients are remote — everything runs on a shared document vault, video calls and a monthly summary email. Physical presence matters only for a few audit situations.
Q.What do I need to bring to the first consultation?
Last two ITRs, bank statements for the current year, and any notices you've received. If you have none of these organised, bring what you have — assembling the picture is part of the job.
Q.Are your fees negotiable?
The fee card is fixed and published above precisely so nobody has to negotiate. What is flexible is scope — we can start smaller and grow the engagement as your business grows.
Q.Will you handle a notice from a return you didn't file?
Yes. Representation is a standalone service (item 06 in the fee schedule) — you don't need to move your entire compliance to me first.
A/C 09
Book a consultation
₹1,500 · 45 min · adjusted against first invoiceOffice hours — appointment days
Monday10:00 — 18:30Open
Tuesday10:00 — 18:30Open
Wednesday10:00 — 18:30Open
Thursday10:00 — 18:30Open
Friday10:00 — 17:00Open
Saturday10:00 — 13:00 · calls onlyOpen
Sunday—Closed