N. A. Shah Associates LLP is a niche professional services firm rendering suite of value-added services since 1965. Situated in the heart of Mumbai, the firm represents a balanced blend of experience and youth, sharing a common vision of authenticity and efficiency. N. A. Shah Associates is one of the leading CA firms in Mumbai. The firm takes pride in its ability to consistently deliver out of the box solutions that are technically sound, innovative, and implementable. Testimonials from highly satisfied clients who have been with us since last four decades establish our reputation.
Our Culture
Life @ N. A. Shah
A glimpse into the people, celebrations, learnings, and moments that make N. A. Shah Associates more than just a workplace.
In Media
CA Ankit Joshi — Partner, Indirect Tax
Can GST be levied on corporate guarantees issued to subsidiaries? Know what the recent High Court ruling means for companies.
CA Ankit Joshi, Partner, Indirect Tax at N. A. Shah Associates LLP, shares his insights with ETCFO on the validity of GST on corporate guarantees, the 1% valuation rule, and its applicability from October 26, 2023.
In Media
CA Hitesh Jain — Partner, Direct Tax
Retirement doesn’t mean your income is tax-free. Know which retirement receipts can trigger tax liability.
CA Hitesh Jain, Partner – Direct Tax at N. A. Shah Associates LLP, highlights key taxable sources, including pension, interest income, rental income, capital gains, annuities and dividends which are taxable even after retirement.
In Media
CA Milin Bakhai — Partner, Direct Tax
Can digital payments through UPI, NEFT, RTGS and IMPS trigger an income tax notice? Know when it can happen.
CA Milin Bakhai, Partner, Direct Tax at N. A. Shah Associates LLP, shares his insights with Economic Times | Wealth on various situations that may trigger income tax scrutiny.
In Media
CA Jitendra Patel — Partner, Indirect Tax
Can Centralised GST Administration Reduce Duplicate Audits and Compliance Costs?
CA Jitendra Patel shares insights with ETCFO on how a centralised, risk-based GST administration framework could reduce duplication, improve consistency, and lower compliance costs. Story by Alekh Shah.
In Media
CA Chintan Ghelani — Partner, Direct Tax
Are Gifts Taxable under the Income-Tax Act?
CA Chintan Ghelani shares insights with The Economic Times | Wealth on the taxability of gifts under Section 56(2)(x) and the available exemptions. Story by Anshika Jain.
In Media
CA Hitesh Jain — Partner, Direct Tax
Does Filing Your ITR Early Guarantee a Faster Tax Refund?
CA Hitesh Jain shares insights with The Economic Times | Wealth on how ITR complexity, income sources, and disclosure requirements may affect processing timelines. Story by Anshika Jain.
In Media
CA Jitendra Patel — Partner, Indirect Tax
GSTAT Token Mechanism: Appeal Rights Protected but Legal Uncertainty Remains
CA Jitendra Patel shares insights with ETCFO on the GSTAT token mechanism, dispute arising from potential limitation, and safeguards needed for a transparent appeal process. Story by Alekh Shah.
In Media
CA Milin Bakhai — Partner, Direct Tax
Clubbing of Income: Know When Someone Else's Income May Become Taxable in Your Hands
CA Milin Bakhai shares insights with The Economic Times | Wealth on clubbing provisions, reporting clubbed income in ITR, and consequences of non-reporting. Story by Shaghil Bilali.
In Media
CA Hitesh Jain — Partner, Direct Tax
Salaried Taxpayers Can Still File ITR Even Without Form 16
CA Hitesh Jain shares insights with The Economic Times | Wealth on filing ITR without Form 16 using AIS and Form 26AS, key checks for salary income and TDS credits. Story by Anshika Jain.
In Media
CA Parag Mehta — Partner, Indirect Tax
GST Portal Glitches Are Putting Taxpayers' Appeal Rights at Risk
CA Parag Mehta shares insights with ETCFO on persistent GST portal issues impacting appeal filings and the need to extend the filing deadline to safeguard taxpayers' rights. Story by Alekh Shah.
In Media
CA Milin Bakhai — Partner, Direct Tax
Filing ITR under the New Tax Regime: Key Tax Benefits and Exemptions
CA Milin Bakhai shares insights with The Economic Times | Wealth on key benefits including EPF contributions, home loan interest deduction, meal vouchers, and family pensioner deductions. Story by Anshika Jain.
In Media
CA Chintan Ghelani — Partner, Direct Tax
Paying Rent Above ₹50,000? Non-Deduction of TDS May Make You an Assessee in Default
CA Chintan Ghelani shares insights with The Economic Times | Wealth on TDS compliance for tenants, applicable TDS rate, Form 26QC, and consequences of non-deduction. Story by Anshika Jain.
In Media
CA Hitesh Jain — Partner, Direct Tax
TDS Compliance in Property Transactions with NRI: Common Errors on PAN-Based TDS Provisions
CA Hitesh Jain shares insights with Moneycontrol on common errors regarding the implementation timeline of PAN-based TDS provisions in NRI property transactions. Story by Ayush Mishra.
In Media
CA Hitesh Jain — Partner, Direct Tax
ITR Deadlines for FY 2025–26: Belated, Revised, and Updated Returns Explained
CA Hitesh Jain shares insights with ET Wealth Online on key ITR timelines and the differences between belated, revised, and updated returns to help taxpayers stay compliant. Story by Anshika Jain.
In Media
CA Ankit Joshi — Partner, Indirect Tax
Offline Excel Utility for IMS: Bulk Actions, Reduced Manual Effort & Improved ITC Accuracy
CA Ankit Joshi shares insights with ET Wealth Online on the offline Excel-based IMS utility that enables bulk invoice actions, reduces manual effort, and improves ITC claim accuracy. Story by Neelanjit Das.
In Media
CA Gopal Bohra — Partner, Direct Tax
Gujarat High Court Criticises CBDT for 11-Year Delays in ITR Utilities Compliance
Gujarat High Court observations regarding delays in ITR form issuance and the importance of timely utilities.
In Media
CA Chintan Ghelani — Partner, Direct Tax
New ITR Forms for AY 2026-27: NRIs Opting for Presumptive Income Scheme Must Make This Extra Disclosure
Explanation of enhanced disclosure requirements for non-residents under new presumptive income scheme provisions.
In Media
CA Gopal Bohra — Partner, Direct Tax
Donated to a Political Party? New ITR Forms Require Extra Disclosure on Deduction Claims
Guidance on mandatory reporting of political party donations in updated ITR forms.
In Media
CA Gopal Bohra — Partner, Direct Tax
No Arrest by Income Tax Recovery Officer for Unpaid Tax Demands — Amended Finance Bill 2026
Analysis of amendments removing arrest provisions for pending tax demands while maintaining other recovery mechanisms.
In Media
CA Jitendra Patel — Partner, Indirect Tax
No More Double GST While Filing Appeals — GSTN Fixes Issue with New GST DRC-03A Form
New DRC-03A form enables GST adjustment paid under protest to avoid duplicate payment during appeals.
In Media
CA Parag Mehta — Partner, Indirect Tax
GST Alert: Undelivered Welcome Kit Can Lead to Suspension of Registration
Alert regarding potential registration cancellation notices due to undelivered welcome letter returns.
In Media
CA Gopal Bohra — Partner, Direct Tax
Request Nil or Lower TDS for Property Transactions via New Form 128 Under Income Tax Act 2025
Overview of new Form 128 replacing Form 13 for property transaction TDS requests with key changes.
In Media
CA Chintan Ghelani — Partner, Direct Tax
Draft Income Tax Rules 2026: How ITR Forms Are Evolving — Top Changes Explained
Guidance on annual ITR eligibility review and capital gains tracking for retail investors.
In Media
CA Gopal Bohra — Partner, Direct Tax
How Buyback Taxation Has Changed Post Budget 2026 — Can It Lead to Paying More Taxes?
Explanation of buyback taxation changes from dividend income to capital gains treatment.
In Media
CA Gopal Bohra — Partner, Direct Tax
Budget 2026 Makes TDS/TCS Deduction Rules Mandatory — How It Will Help Reduce Disputes
Mandatory CBDT TDS/TCS guidelines reducing disputes and ensuring uniform application.
In Media
CA Chintan Ghelani — Partner, Direct Tax
From April 1, 2026 — F&O Trading Gets Costlier: Know How Much Extra You Need to Pay (Budget 2026 STT)
STT increase on futures and options trading effective April 1, 2026.
In Media
CA Hitesh Jain — Partner, Direct Tax
Nil Deduction Certificate for Small Taxpayers Announced in Budget 2026
Digitization of lower/nil TDS certificates reducing paperwork for small taxpayers.
In Media
CA Gopal Bohra — Partner, Direct Tax
From Study Abroad to Creator Careers — What Gen Z's Money Equation Looks Like After Budget 2026
Analysis of Budget 2026 impact on Gen Z regarding TCS, education, and travel spending.
In Media
CA Hitesh Jain — Partner, Direct Tax
Did Budget 2026 Change How Your Gold and Silver Investments Will Be Taxed?
Revised taxation rules for physical gold, ETFs, mutual funds, and Sovereign Gold Bonds.
In Media
CA Chintan Ghelani — Partner, Direct Tax
STT Hike After Budget 2026 — What Is Securities Transaction Tax and What Does It Mean for F&O Traders?
STT increase aims to moderate speculative trading and address F&O market systemic risk.
In Media
CA Chintan Ghelani — Partner, Direct Tax
Budget 2026 Manufacturing Sector: Tax Certainty, Concessional Rates & PLI Scheme Improvements
Expectations for manufacturing including tax certainty, concessional rates, and PLI scheme improvements.
In Media
CA Gopal Bohra — Partner, Direct Tax
Bought New Agricultural Land Before Selling Old One? Why Budget 2026 Must Allow Capital Gains Tax Exemption
Proposal to extend capital gains exemption for agricultural land purchases before existing land sale.
In Media
CA Ankit Joshi — Partner, Indirect Tax
Budget 2026: Urgent Need for Uniform Guidance to Resolve Long-Pending ITC Disputes
Urgent need for uniform guidance resolving long-pending Input Tax Credit disputes.
In Media
CA Jitendra Patel — Partner, Indirect Tax
Budget 2026: Tax Experts Want Stability, Simpler GST Compliance and Fewer Surprises
Industry expectations for GST 2.0 compliance simplification and ITC issue resolution.
In Media
CA Milin Bakhai — Partner, Direct Tax
Section 194T: Practical Implementation Challenges of TDS on Partner Remuneration Effective April 2025
Practical implementation challenges of TDS on partner remuneration effective April 2025.
In Media
CA Hitesh Jain — Partner, Direct Tax
Budget 2026: Call for Explicit Tax Provisions Recognising ESOP Expenditure as Allowable Deductions
Call for explicit tax provisions recognizing ESOP expenses as allowable deductions.
In Media
CA Jitendra Patel — Partner, Indirect Tax
Budget 2026 GST Reforms: Centralised Audit Framework and Trust-Based Administration
Need for centralized audit framework and trust-based GST administration approach.
In Media
CA Chintan Ghelani — Partner, Direct Tax
Budget 2026 Affordable Housing: Profit-Linked Incentives, Definition Revisions & Deduction Enhancements
Recommendations for profit-linked incentives, definition revisions, and deduction enhancements for affordable housing.
In Media
CA Milan Mody — Managing Partner
Budget 2026 Growth and Stability: Stable Tax Environment, Business Investment Support & Reduced Litigation
Emphasis on stable tax environment, business investment support, and reduced litigation.
In Media
CA Ankit Joshi — Partner, Indirect Tax
Budget 2026 Calls for Major Tax Reforms, Simplification and Customs Overhaul
Recommendations for centralized assessment systems addressing multi-state GST compliance challenges.
In Media
CA Milin Bakhai — Partner, Direct Tax
Pay Zero Tax on ₹14.65 Lakh Salary — How NPS & EPF Tax Benefits in New Tax Regime Help You Save
EPF deduction eligibility and limits under new and old tax regimes.
In Media
CA Gopal Bohra — Partner, Direct Tax
I-T Notice Under Section 133(6): Here's What Employers Should Do
Tax authority powers to issue information verification notices under Section 133(6).
In Media
CA Ankit Joshi — Partner, Indirect Tax
Restaurant Charged ₹55 for ₹20 Water Bottle — Consumer Commission Orders ₹3,000 Compensation
GST rules prohibit pre-packaged commodity sales above MRP regardless of venue.
In Media
CA Gopal Bohra — Partner, Direct Tax
Section 87A Rebate on Capital Gains from Debt Mutual Fund — ITAT Chandigarh Cancels ₹25,710 Tax Demand
ITAT Chandigarh ruling allowing Section 87A rebate on debt mutual fund capital gains.
In Media
CA Chintan Ghelani — Partner, Direct Tax
Five Important Changes in Income Tax Act and Procedures in 2025 That Will Impact Your Future Taxation
Summary of important Income Tax Act reforms and procedural updates for 2025.
In Media
CA Jitendra Patel — Partner, Indirect Tax
Important GST Changes and Amendments Made in 2025 Which Will Impact Your Taxation in 2026
Overview of GST amendments and landmark rulings affecting 2026 taxation.
In Media
CA Gopal Bohra — Partner, Direct Tax
What If CPC Misses ITR Processing Deadline? How Taxpayers Can Legally Claim Their Refund
Tax refund eligibility when Central Processing Centre misses processing deadline.
In Media
CA Jitendra Patel — Partner, Indirect Tax
GST in 2025: Key Reforms Transforming India's Indirect Tax System
Supreme Court ruling disallowing ITC on construction costs with real estate implications.
In Media
CA Parag Mehta — Partner, Indirect Tax
Simplified GST Registration Scheme — Boosting Compliance for Small Businesses
New scheme benefits small businesses with ₹2.5 lakh limit, potential for increase.
In Media
CA Ankit Joshi — Partner, Indirect Tax
Impact of GST Changes on Various Sectors — ITC Restrictions Raising Costs
Cost implications of GST ITC restrictions across insurance and other industries.
In Media
CA Parag Mehta — Partner, Indirect Tax
Relief from GST Annual Return Filing for These Taxpayers — Know Its Impact
Annual return exemption for taxpayers with turnover up to ₹2 crore for FY 2024-25.
In Media
CA Hitesh Jain — Partner, Direct Tax
Can You Change Your Tax Regime from New to Old (and Vice Versa) While Filing ITR? Not Always
Salaried taxpayer flexibility to switch tax regimes through revised return filing.
In Media
CA Parag Mehta — Partner, Indirect Tax
Impact of GST Rate Cuts — Can Consumers Expect Relief Without Anti-Profiteering Law?
Difficulty in immediately passing GST rate reductions due to ITC restrictions.
In Media
CA Parag Mehta — Partner, Indirect Tax
GST Refund Made Easy — GSTN Has Done This Change in GST Portal for Hassle-Free Tax Refund Claims
GSTN portal improvements enabling easier GST refund claim processing.
In Media
CA Parag Mehta — Partner, Indirect Tax
GST Council Meeting: Post-Sale Credit Notes and ITC Reversal on the Agenda
GST Council guidance needed on post-sale discount credit note ITC treatment.
In Media
CA Chintan Ghelani — Partner, Direct Tax
JioFinance's ₹24 Tax Filing — A Digital Disruption with Accuracy & Data Privacy Risks
Analysis of mass-market tax filing risks regarding accuracy and data privacy.
In Media
CA Parag Mehta — Partner, Indirect Tax
Switching from UPI to Cash Won't Help Avoid Tax Notice if Turnover Crosses GST Registration Threshold
GST notices on UPI transactions require careful data analysis to prevent harassment.
In Media
CA Gopal Bohra — Partner, Direct Tax
NRI Wins Capital Gains Tax Case in Delhi High Court Regarding Sale of ₹2 Crore Property
Court ruling granting TDS credit despite buyer's Form 26QB filing error.
In Media
CA Parag Mehta — Partner, Indirect Tax
GST Framework Review: Call for Centralised Audits and Appellate Tribunal by Experts
Recommendations for unified audit approach and operational GST Appellate Tribunal.
In Media
CA Gopal Bohra — Partner, Direct Tax
ITR Filing for AY 2025-26: 7 Prominent Changes in ITR Excel Utilities Taxpayers Should Know
New ITR validation rules requiring complete detail disclosure for smooth processing.
In Media
CA Parag Mehta — Partner, Indirect Tax
GST Is Applicable on Joint Development of House Properties in This Condition — Patna High Court
Patna High Court ruling on GST applicability to joint property developments pre-2019.
In Media
CA Ankit Joshi — Partner, Indirect Tax
GST Returns: New HSN Code and Invoice Reporting Rules from May 2025 to Curb Tax Leakages
New HSN code and invoice month-wise tracking to prevent backdated billing.
In Media
CA Gopal Bohra — Partner, Direct Tax
New ITR-2 Form Notified for AY 2025-26: What's New for Taxpayers — Capital Gains & Buyback
ITR-2 changes requiring separate capital gains reporting based on July 23, 2024 date threshold and buyback tax treatment.
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