JDShahAssociates
Bio
J D Shah Associates, founded in 1988 by CA Jayesh Shah, is a leading chartered accountancy firm located in Borivali, Mumbai. Our team consists of distinguished chartered accountants, corporate financial advisors, and tax consultants.
Stories (10)
Filter by community
Avoid Penalties Under RERA – Quarterly Compliance Guide
The Real Estate (Regulation and Development) Act (RERA) has been a game-changer in bringing transparency and accountability to the real estate sector. However, with these regulations come mandatory compliances that developers and promoters must adhere to. One such crucial compliance is the timely filing of Quarterly Progress Reports (QPRs) under RERA.
By JDShahAssociatesabout a year ago in BookClub
Unlock Tax Savings: A NRI’s Guide to Lower or NIL TDS Certificates for Property Sales
For NRIs selling immovable property in India, navigating tax-related complexities, especially regarding Tax Deducted at Source (TDS), can be challenging. Applying for a Lower or NIL TDS Certificate provides an efficient solution to prevent excess tax deductions. J D Shah Associates, renowned for its expertise in tax audits, income tax declarations, and comprehensive taxation services, offers a step-by-step guide to help NRIs avoid unnecessary financial strain and ensure a smooth transaction process.
By JDShahAssociatesabout a year ago in BookClub
Audit of LLP: What You Need to Know
For professionals and entrepreneurs, understanding the audit requirements for a Limited Liability Partnership (LLP) is crucial to ensuring compliance with the law. LLPs are separate legal entities, which means they are subject to various compliance regulations, including auditing and taxation. In this article, we’ll break down the key aspects of LLP audits in simple terms and provide answers to common questions.
By JDShahAssociatesabout a year ago in BookClub
What are Key Financial Indicators that Influence Credit Rating?
Credit rating exercises undertaken by banks and external credit rating agencies play a significant role in determining a business’s ability to borrow and the cost of borrowing. These ratings are influenced by various factors such as industry risk, government policy, market position, operating efficiency, financial risk, and management evaluation. Among these, financial risk carries the most weight. Here, we will explore key financial indicators that professionals and entrepreneurs should focus on to influence their credit ratings positively.
By JDShahAssociatesabout a year ago in BookClub
Navigating The Transition From Partnership Firm Into A Company
When entrepreneurs embark on their business journey, forming a partnership firm often serves as a straightforward initial step. However, as businesses expand, partners may contemplate transitioning into a company. This transformation, while seeming daunting, offers significant advantages and necessitates understanding legal requirements. In this guide, we delve into the process of converting a partnership firm into a company.
By JDShahAssociatesabout a year ago in BookClub
DISALLOWANCE OF PAYMENT TO MSME – BEYOND THE DUE DATE
Legal provision – Section 43B(h) 43B(h) any sum payable by the assessee to a micro or small enterprise beyond the time limit specified in section 15 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006),shall be allowed (irrespective of the previous year in which the liability to pay such sum was incurred by the assessee according to the method of accounting regularly employed by him) only in computing the income referred to in section 28 of that previous year in which such sum is actually paid by him
By JDShahAssociatesabout a year ago in BookClub
BEWARE OF CASH TRANSACTIONS UNDER INCOME TAX
Cash transactions have long been a subject of scrutiny by the Indian Income Tax Department due to their potential for tax evasion and unaccounted money circulation. It is important for taxpayers to know these limits in order to make sure their expenditure does not get disallowed under the Income Tax Act.
By JDShahAssociatesabout a year ago in BookClub
SLUMP SALE (SECTION 50B OF INCOME TAX ACT, 1961)
What is a Slump Sale? According to Section 2(42C) of the Income Tax Act, 1961, a ‘slump sale’ refers to the transfer of one or more undertakings as a result of the sale for a lump sum consideration, without individual values being assigned to the assets and liabilities. This method is commonly used in mergers and acquisitions. It’s important to note that not all assets and liabilities need to be transferred; however, the assets and liabilities transferred must collectively form an undertaking.
By JDShahAssociates2 years ago in BookClub
CONVERSION OF SOLE PROPRIETORSHIP INTO PRIVATE LIMITED COMPANY
A Sole Proprietorship is a business entity wholly owned and controlled by an individual. It is ideal for those starting small businesses, but as the business grows, transitioning to a more structured entity like a Private Limited Company offers significant advantages. In this article, we’ll explore the process and benefits of converting a Sole Proprietorship into a Private Limited Company.
By JDShahAssociates2 years ago in Fiction
