Chartered Accountants · Mumbai

Taxation, audit and corporate advisory of the highest professional standard.

Madhav & Associates provides comprehensive chartered accountancy services to individuals, businesses and enterprises — delivered with the technical rigour, integrity and confidentiality expected of the profession.

Registered with the Institute of Chartered Accountants of India Serving clients across Mumbai and pan-India Bound by the ICAI Code of Ethics and professional standards

Technical excellence

Our team brings deep knowledge of Indian tax, accounting and regulatory frameworks, combined with continuing professional development to stay current with every amendment and circular.

Integrity and confidentiality

As members of the Institute of Chartered Accountants of India, we are bound by the Code of Ethics. Client information is safeguarded with the care and confidentiality the profession demands.

Long-term relationships

We aim to build enduring relationships founded on trust, responsiveness and consistent professional judgement. Many of our clients have been with the firm since its early years.

Our practice areas

A comprehensive range of professional services, delivered under one roof.

From individuals filing their first return, to enterprises managing complex compliance calendars, our Chartered Accountants provide end-to-end support across taxation, audit, corporate law and advisory.

Income Tax

Return filing, tax planning and representation services for salaried individuals, professionals, businesses and enterprises.

  • ITR filing (ITR-1 through ITR-7)
  • Capital gains — equity, mutual funds, property
  • Tax planning for salary, rental and business income
  • Scrutiny, reassessment and appeal handling
  • Form 15CA / 15CB for remittances

Goods & Services Tax

End-to-end GST advisory and compliance for businesses of every scale — from initial registration to ongoing returns, reconciliation and representation.

  • GST registration & amendments
  • Monthly / quarterly / annual return filing
  • Reconciliation of GSTR-2B with purchase register
  • Input tax credit review and optimisation
  • Notice replies, refunds and audit support

Audit & Assurance

Independent audit services conducted with rigour and objectivity — meeting the requirements of statute, regulators, lenders and other stakeholders.

  • Statutory audit under the Companies Act
  • Tax audit under Section 44AB
  • GST audit and annual return (GSTR-9 / 9C)
  • Internal controls and stock audits
  • Limited reviews and certification

Corporate & Company Law

Incorporation, structuring and ongoing secretarial support for private limited companies, LLPs, partnerships and proprietorships.

  • Private Limited, LLP, OPC, Partnership, Proprietorship
  • MOA / AOA, DIN, DSC, PAN, TAN, bank-account kit
  • MSME / Udyam, Startup India recognition
  • Shop & Establishment, Professional Tax
  • IEC code for import-export businesses

Accounting & Bookkeeping

Accurate, well-maintained books of accounts prepared and reviewed by qualified professionals, ready for audit and management reporting.

  • Tally, Zoho Books, QuickBooks setup and run
  • Monthly / quarterly / annual bookkeeping
  • Payroll processing and PF / ESI filings
  • Bank reconciliation and MIS reports
  • Year-end finalisation for audit

TDS & ROC Compliance

Disciplined management of periodic statutory filings — so that every deadline under the Income Tax Act, Companies Act and allied regulations is met with precision.

  • TDS / TCS return filing and Form 16 / 16A
  • Professional Tax returns
  • ROC filings — AOC-4, MGT-7, DIR-3 KYC
  • Annual compliance calendar per company
  • Director KYC and event-based filings

About the firm

An established professional practice, guided by the values of the Chartered Accountancy profession.

Madhav & Associates is a chartered accountancy practice led by CA Aakanksha Madhav. The firm offers full-service professional support to a diverse clientele — from individual taxpayers and family-owned businesses to professional practices and growing enterprises.

Our services are delivered by a qualified team of Chartered Accountants and accounting professionals, supported by well-defined review processes. Every engagement benefits from both the technical rigour of the profession and the close personal attention that defines our firm’s reputation.

We believe that the role of a Chartered Accountant extends beyond compliance. It is the role of a trusted adviser — helping clients navigate a complex regulatory landscape, make informed decisions, and build sound financial foundations that stand the test of time.

Pan-India
Clientele served
Full-service
Scope of practice

Working with us

A clear, structured approach to every engagement.

Whether the requirement is a one-time filing or a long-term advisory relationship, our process ensures clarity of scope, expectations and deliverables from the outset.

Initial enquiry

Reach out through any of our channels with a brief of your requirement. We acknowledge every enquiry within one business day.

Consultation

A scoping discussion — in person or by video — to understand your requirements, review documentation and determine the appropriate approach.

Engagement letter

A written engagement letter sets out the scope of services, timelines, deliverables and professional fees in accordance with ICAI guidance.

Execution & reporting

Work is executed by our qualified team, reviewed at the appropriate level, and delivered on schedule with periodic updates along the way.

Our commitment

What our clients can expect from us.

Beyond technical competence, long-term client relationships are built on consistency, responsiveness and sound professional judgement. These are the standards we hold ourselves to.

Responsive communication

Enquiries and client communications receive prompt attention. Matters requiring urgent professional input are escalated and addressed without delay.

Disciplined compliance management

Statutory calendars for every client engagement — GST, TDS, ROC and income tax — are maintained with structured reminders and internal review before submission.

Confidentiality by design

Client records and communications are handled in accordance with the ICAI Code of Ethics and the Digital Personal Data Protection Act, 2023 — with access restricted to authorised personnel.

Considered professional advice

Every matter, whether a routine filing or a complex assessment, receives careful analysis. Our recommendations are grounded in current law, ICAI guidance and the specific facts of each engagement.

Frequently asked questions

Answers to common queries from new clients.

Do I need a Chartered Accountant if my income is only from salary?
A Chartered Accountant becomes particularly valuable where a taxpayer has income beyond a single salary source — for example, capital gains, income from house property, foreign remittances, or multiple Form 16s from a change of employment. A consultation is also advisable to ensure all eligible deductions and exemptions are correctly claimed.
How do I determine whether my business requires GST registration?
GST registration is mandatory once aggregate turnover crosses the prescribed threshold — ₹40 lakh for suppliers of goods, ₹20 lakh for services, or ₹10 lakh in specified States. Registration is also required for inter-state supply, e-commerce operators, and certain other notified cases regardless of turnover. We assess applicability on a case-by-case basis at the consultation stage.
What does the company incorporation process involve?
The firm undertakes the complete incorporation workflow — name reservation, drafting of the Memorandum and Articles of Association, DIN and DSC for directors, filings on the MCA portal, and allotment of PAN and TAN. Post-incorporation, we assist with the declaration of commencement of business, first board meeting records, statutory register setup, and ongoing ROC and tax compliance.
Do you work with clients located outside Mumbai?
Yes. A significant portion of our engagements are managed through secure digital correspondence, email and video conferencing. Our office in Mumbai is available for in-person meetings by prior appointment. We currently serve clients across Maharashtra and other States of India.
How are professional fees determined?
Professional fees are determined based on the nature, scope and complexity of the engagement, in accordance with the fee guidelines issued by the Institute of Chartered Accountants of India. For recurring services such as monthly GST return filing or annual income tax compliance, we offer structured annual retainer arrangements. Fees are set out in the engagement letter before work commences.
How is client information protected?
As Chartered Accountants, we are bound by the confidentiality obligations set out in the ICAI Code of Ethics. Client records are maintained on access-restricted systems, and personal data is processed in accordance with the Digital Personal Data Protection Act, 2023. Information is not shared with any third party except where required by law or with the client’s prior written consent.
We have received a notice from the tax department. Can you assist?
Yes. The firm has experience representing clients in matters before the Income Tax Department, GST authorities and other regulatory bodies. On receipt of the notice and the relevant background, we review the matter, advise on the appropriate course of action, and prepare the response within the prescribed timeline.
Can we transition to your firm from an existing Chartered Accountant?
Yes. We welcome such enquiries and conduct a structured handover in coordination with the outgoing professional, in line with the professional courtesies prescribed by the ICAI. We review prior filings and records, and ensure continuity of compliance for the current financial year.

Get in touch

We welcome your enquiry.

Please reach out through any of the channels below. Enquiries are acknowledged within one business day, and an initial consultation will be scheduled at a mutually convenient time.

Enquiry form

Kindly share a brief of your requirement. A member of our team will revert within one business day.

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The submission of this form does not by itself constitute a professional engagement. A formal engagement is established only upon the execution of a written engagement letter.