+91 93222 27078 bps_326@yahoo.com Lower Parel (E), Mumbai
Live Chamber Desk • 10 AM - 7:30 PM
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CA Bhupendra P. Shah (B.Com, FCA) Established Practice • Mumbai

Taxation, Audit &
Corporate Advisory Practice

Delivering statutory audit precision, corporate tax optimization, and direct appellate representation for enterprises, professionals, and emerging businesses across Mumbai.

Schedule Consultation View Practice Areas

25+

Years of Practice

1500+

Corporate Filings

99.8%

Compliance Rate

ICAI Verified

Fellow CA Firm
CA Bhupendra P. Shah

CA Bhupendra P. Shah

B.Com, FCA • Principal Partner
Active Desk
Direct Tax Assessments ✓ Sec 143(3) / Appeals
Statutory & Tax Audits Sec 44AB • Companies Act
GST Compliance & 9C ITC Audit • SCN Defense
Foreign Remittances Form 15CA & 15CB
Chamber Line: 93222 27078

Chamber Location

Lower Parel, Mumbai
COMPLIANCE RADAR
GST Returns (GSTR-1): 11th of every month Critical
GSTR-3B Monthly Return: 20th of every month Statutory
TDS Payment Deposit: 7th of every succeeding month CBDT
Advance Tax Instalment: 15th June / Sep / Dec / Mar Mandatory
Tax Audit Filing u/s 44AB: 30th September Assurance
MCA Annual Filings (AOC-4 / MGT-7): 30th Oct / 29th Nov Companies Act
GST Returns (GSTR-1): 11th of every month Critical
GSTR-3B Monthly Return: 20th of every month Statutory
TDS Payment Deposit: 7th of every succeeding month CBDT
Advance Tax Instalment: 15th June / Sep / Dec / Mar Mandatory
Institutional Credibility

Chartered Diligence • Executive Assurance

Direct senior partner supervision under strict Institute of Chartered Accountants of India (ICAI) professional frameworks and corporate confidentiality standards.

FCA Practising Firm

Supervised directly by CA Bhupendra P. Shah (B.Com, FCA) with over 25 years of institutional audit, corporate taxation, and statutory diligence experience.

✓ 25+ Yrs Practice

100% Confidentiality

Rigorous adherence to ICAI ethical frameworks, client non-disclosure protocols, and encrypted institutional financial data protection safeguards.

✓ NDA & ICAI Code

Mumbai Corporate Hub

Centrally located in Lower Parel (E), accessible to prominent corporate headquarters, banking institutions, and premier industrial districts.

✓ Lower Parel Chambers

Direct Appellate Defense

High-stakes drafting, scrutiny representation, and appellate litigation defense before Income Tax Authorities, ITAT, and GST Tribunals.

✓ Scrutiny & Appeals
Core Services

Practice Areas & Capabilities

Comprehensive accounting, statutory auditing, and taxation solutions structured to ensure statutory compliance and business growth.

Taxation Scrutiny and Corporate Filings Consultation

1. Taxation Services

Corporate and personal tax structuring, ITR filings, scrutiny defense under Section 143(3), TDS quarterly reconciliations, and GST filings.

  • Corporate & Individual ITR Filing
  • Scrutiny Defense & Faceless Assessment
  • Monthly GSTR-1, 3B & Annual 9/9C
Explore Taxation
Auditor Report Review

2. Audit & Assurance

Independent evaluation of financial statements ensuring truth and fairness under the Companies Act and Section 44AB of the Income Tax Act.

  • Statutory Audits u/s 139 Companies Act
  • Tax Audits under Section 44AB
  • Internal Management & Stock Verification
Explore Auditing
Corporate Business Registration

3. Business Registration & MCA

End-to-end company incorporation, LLP registration, annual ROC filings (AOC-4, MGT-7), Director KYC, and secretarial documentation.

  • Pvt Ltd & LLP Inception in Mumbai
  • Annual AOC-4 & MGT-7 MCA Filing
  • Director KYC & Statutory Registers
Explore Registration
Financial Accounting and Reporting

4. Accounting & Bookkeeping

Complete computerized accounting, ledger reconciliation, payroll processing, and financial dashboard generation for growing enterprises.

  • Cloud Bookkeeping (Tally / Zoho / QB)
  • Monthly MIS Financial Statements
  • Payroll Management & PF/ESIC Advice
Explore Accounting
Corporate Advisory Consultation

5. Advisory & Virtual CFO

Strategic financial advisory, Virtual CFO controllership, NRI Form 15CA & 15CB certifications, and FEMA regulatory compliance.

  • Virtual CFO Management Guidance
  • Form 15CA & 15CB Foreign Remittances
  • CMA Data & Working Capital Advisory
Explore Advisory
Legal Documents and Property Deeds Conveyancing Consultation

6. Legal Documents & Deeds

Conveyancing

Professional drafting, title verification, Ready Reckoner valuation, stamp duty calculation, and Sub-Registrar registration across Mumbai & Maharashtra.

  • Sale Deed & Gift Deed (Sec 56 Exemption)
  • Release Deed & Deemed Conveyance (MOFA)
  • Transfer of Tenancy (Pagdi) & Commercial Lease
Explore Deeds & Conveyancing
Industries Served Overview

Industries Served

Specialized sector expertise spanning Manufacturing, Real Estate, Retail, IT Startups, Healthcare, and Logistics.

  • Real Estate (RERA & Capital Gains)
  • Manufacturing & Inventory Systems
  • Tech, Software & Export Compliances
Explore All Industries
CA Bhupendra P. Shah B.Com FCA
ICAI Fellow Chartered Accountant

CA Bhupendra P. Shah

B.Com, FCA • Principal Partner (25+ Yrs Practice)

Fellow Member of ICAI
25+ Years of Practising Experience
Direct Tax & Audit Practice
Lower Parel, Mumbai Chambers
Leadership Profile

A Foundation of Ethical Practice & Professional Rigor

"Chartered Accountancy is the benchmark of financial integrity. Our objective is to ensure meticulous compliance with the legal statutes of India while facilitating transparent corporate management."

Led by CA Bhupendra P. Shah, the firm provides end-to-end statutory assurance, direct and indirect taxation services, and corporate advisory to businesses across Mumbai. We function strictly in alignment with the professional standards laid down by the Institute of Chartered Accountants of India.

CA Bhupendra P. Shah

B.Com, FCA (Fellow Chartered Accountant)
Read Firm History & Values
Interactive Diligence Hub

Financial & Statutory Decision Suite

Instant computations aligned with the Finance Act 2024 amendments, ready reckoner real estate valuations, MSME Section 43B(h) guidelines, and cross-border NRI remittances.

Maharashtra Real Estate Stamp Duty & Deeds Estimator

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₹
Sale Deed • Mumbai Maharashtra Stamp Act
Total Payable Government Outlay
₹7,80,000
Includes Stamp Duty + Registration Fees
Assessed Taxable Value ₹1,25,00,000
Basic Stamp Duty (5%) ₹6,25,00,000
Local Body / Metro Cess (1%) ₹1,25,000
Sub-Registrar Registration Fee ₹30,000
1% TDS u/s 194-IA (Buyer Mandate) ₹1,25,000

Income & Deductions Formulation (AY 2025-26)

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₹
₹
₹
₹

* Slabs reflect Budget 2024 revisions with expanded ₹3-7L (5%), ₹7-10L (10%), ₹10-12L (15%), ₹12-15L (20%), and 4% Health & Education Cess.

Tax Liability Comparison

New Regime Taxable Income: ₹ 14,25,000
Old Regime Taxable Income: ₹ 10,25,000
New Regime Total Tax: ₹ 1,35,200
Old Regime Total Tax: ₹ 1,24,800
Calculating recommendation...

Real Estate & Capital Gains Parameters

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₹
₹
₹

* Section 54 allows exemption upon purchase of new residential house within 1 year before or 2 years after date of transfer. Section 54EC allows up to ₹50 Lakhs in REC/NHAI/PFC bonds within 6 months.

Capital Gains Tax Assessment

Gross Long-Term Capital Gain: ₹ 80,00,000
Total Exemptions (Sec 54 + 54EC): ₹ 75,00,000
Net Taxable Capital Gain: ₹ 5,00,000
Estimated Tax Payable (12.5% + Cess): ₹ 65,000
💡 Synergy with Property Deeds: Executing a legally sound Sale Deed or Gift Deed requires verified Section 50C valuation and compliance with capital gains deposit account schemes (CGAS).
Request Capital Gains Audit & Deed Consultation →

Foreign Remittance & NRI Repatriation Decision Tree

* Governed by Section 195 of the Income Tax Act, 1961 read with Rule 37BB and RBI Master Directions on Remittance of Assets.

Remittance Compliance Protocol

Form 15CB Mandatory

Statutory Chartered Accountant Certificate Required

For proceeds from real estate transfers or remittances exceeding ₹5 Lakhs, Authorized Dealer (AD) Banks strictly mandate Form 15CB signed with digital signature by an FCA, alongside Form 15CA Part C e-filed with CBDT.

✓ 30-Year Title Search & Registered Sale Deed
✓ Bank Inward/Outward Remittance Advice
✓ Lower TDS Certificate under Section 197 (if applicable)
✓ Tax Residency Certificate (TRC) & Form 10F
Initiate Fast-Track 15CA/15CB Chamber Filing →

MSME Payment & Disallowance Checker (Finance Act 2023 / FY 2024-25)

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Audit & Tax Deduction Impact

⚠️ Disallowance Applicable under Sec 43B(h)
Permissible Window: 45 Days
Days Taken: 52 Days
Income Tax Disallowance: ₹ 8,50,000

Payment delayed beyond 45 days. The entire expense will be added back to taxable profits in FY 2024-25, and tax deduction will only be permitted in the subsequent year of actual payment.

Request Vendor Ledger & MSME Audit Review →

GST Rate & Transaction Parameters

₹

Tax Invoice Breakdown

CGST (9%): ₹ 22,500.00
SGST (9%): ₹ 22,500.00
Gross Invoice Total: ₹ 2,95,000.00

Ensure ITC matching with GSTR-2B before monthly filing to prevent Section 16(4) reversals and interest under Section 50.

Schedule GSTR-9/9C Reconciliation Review →
Institutional Knowledge Desk

Downloadable Compliance Checklists

Curated audit and documentation toolkits drafted by CA Bhupendra P. Shah for corporate finance heads, legal heirs, and property owners.

Audit Toolkit

Tax Audit 44AB Preparation Checklist

Exhaustive 28-point documentation guide for Form 3CD compliance, depreciation schedules, related-party disclosure (Sec 40A(2)), and MSME disallowance reconciliation.

📄 PDF Guide (4 Pages) • Updated AY 2025-26
Indirect Tax

GSTR-9 & 9C Annual Reconciliation Matrix

Step-by-step checklist to reconcile books with GSTR-1, GSTR-3B, and auto-populated GSTR-2B. Identifies blocked ITC u/s 17(5) and RCM self-invoicing liabilities.

📄 Excel / PDF Matrix • FY 2023-24 & 2024-25
Property Deeds Toolkit

Property Deeds & Conveyancing Checklist

Mandatory statutory documents required for Sale Deeds, Gift Deeds, Release Deeds, Deemed Conveyance, and Transfer of Tenancy (Title Search, 7/12, CTS, Ready Reckoner & Sub-Registrar checklist).

📄 PDF Checklist (Mumbai & MH) • Updated 2025
Corporate ROC

Corporate Annual MCA Filing Checklist

Timetable and statutory attachments for Private Limited & LLP annual filings: Form AOC-4 (Financials), MGT-7 (Annual Return), DIR-3 KYC, and MSME Form-1 bi-annual returns.

📄 PDF Tracker • Companies Act 2013

Statutory Audit or Corporate Tax Review

Connect directly with CA Bhupendra P. Shah (B.Com, FCA) at our Lower Parel office for professional guidance and compliance filing.

Call 93222 27078 Schedule Consultation
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