About Us

We, M.A. SHAH & Co. Chartered Accountants are a partnership firm established in 1957 by our founder partner Shri Mahendra A Shah and we are into our 62nd year of providing value added services to the industry. We have presence in Mumbai as well as at Ahmedabad, Baroda and Anand.

Our firm was instituted with the aim of providing value added professional services. We represent the Consortium of Knowledge and Experience in the Arena of Tax & Allied Laws, Financial & Legal Consultancy, FEMA and Corporate Laws. We believe in upholding the highest standards of business ethics with complete commitment to total quality, integrity and client satisfaction.

Our firm has rich experience to serve multi-national companies (MNCs), large corporates, small and medium enterprises (SMEs) and Owner Managed Businesses.

We have a Multi-disciplinary team of dedicated professionals in each field of services that we offer. We have professionals comprising of Chartered Accountants, Company Secretaries, CISA / DISA, Cost Accountants and Law graduates to cater to the varied demands of our clients.

Our team has in-depth knowledge and wide-ranging experience to help you in effective planning and structuring of your business to achieve fiscal efficiency and at the same time ensure compliance of all the regulations.

We take great pride in the confidence and respect that we have earned from our clients, Tax Department and we strive to improve every day.

We are committed to

  • Place the Interest of Clients before ours.
  • Uphold High Standards of Honesty, Integrity and Confidentiality.
  • Endeavour to Improve the Quality of Services.
  • Excel in Professional Services.
  • Continuous Education and Training of our Staff and Clients.

Our clientele spreads over varied industries

  • Engineering and Infrastructure.
  • Manufacturing Industry.
  • Pharmaceutical Industry.
  • Public Sector, Co-operative banks.
  • General Insurance Companies.
  • Money Changers.
  • Media and Entertainment.
  • Departmental Stores.
  • Jewellery Showrooms.
  • Retail Industry.

Spectrum of Services offered

  • Tax & Regulatory Services
    • Domestic & International Tax Advisory
    • Tax Planning
    • Tax Returns
    • Transfer Pricing – Advisory and Documentation
    • FEMA / RBI and other regulatory compliance
  • Audit & Assurance Services
    • Statutory Audit
    • Tax Audit
    • Internal Audit
    • Concurrent Audit
    • Forensic Audit
    • Compliance Audit
    • Certifications
    • Due Diligence Audit
  • Accounting & Business Support
    • Review of Accounting Systems
    • Assistance in framing policies and preparation of system manual.
    • Back office operations such as pay roll processing.
    • Transaction processing
  • Advisory
    • Business Advisory
    • Corporate Finance
    • Valuation
    • Business Restructuring

Our Core Strengths

  • Tackling Direct and Indirect tax Authorities. In case of high-stake and / or complicated matters, we also seek assistance of Senior Counsel.
  • Making representations before the CBDT, CBIC and other fora
  • Access to the latest Information Technology Infrastructure and continuous updation on the regulatory changes.
  • Always believing in taking the matters to the logical end. Our principal has always been “We begin where everyone stops”.

We are eagerly waiting to be associated with the clients that are a pleasure to do business with, who have won people’s heart and minds, have continuously improved shareholder’s value and have ensured highest standards of corporate governance.

Past Experience of the firm in the Consumer products or white goods & EPC Contracting space

We do have past-experience in the Consumer Products and EPC Contracting Space in the following areas:

  • Domestic & International Tax Advisory
  • Tax Planning
  • Tax Returns
  • Transfer Pricing – Advisory and Documentation

Firms methodology for optimizing direct tax and various initiatives taken

  • Acting as a bridge between the company and the Tax Department.
  • Providing innovative tax optimisation solutions.
  • Advising on the tax consequences in the regular course of the business as well as at the time of specific transactions.
  • Making Proper Representations before the Tax Authorities and submitting the information called for in a timely and concise manner.
  • Application of tax incentives
  • Being updated with the applicable tax laws as well as court judgements.
  • Minimising Tax implications using the Double Tax Treaty Networks
  • Advising on the Transfer Pricing methodology and documentation
  • Use of Group Companies for Tax planning.
  • Tax planning within the framework of the law.

Methodology for handling the tax authorities and experience in Court case appearances.

  • Preparation, review and filing of corporate returns and e-returns
  • Withholding Tax compliance services
  • Appearance before Income Tax authorities
  • Representation before judicial authorities in assessments and appeals (CIT & ITAT)
  • Assistance in preparing submissions
  • Co-ordination with legal counsels
  • Expedition of the Refund determined by getting the OGE as per the appellate order.
  • Handling and representation in income tax Search, Seizure and Survey cases
  • Assistance in availing exemption certificates and approvals.
  • Representing before CBDT / CBIC.

Use of various analytics while doing the tax audit as signment–Insight to be shared

On the basis of our expertise and available data we are auditing the accounts under the various tax laws and in diligent manner, no matter their size or industry. In executing our audit assignments, we do make use of Data Analytics for working more effectively on large size of Data and for enhancing the quality of the audit. The major Data Analytical Techniques used are:

  • Trend Analysis of Key Balances.
  • Visualisation of Key Ratios.
  • Selection of sample for testing using random techniques
  • Identifying unusual transactions after doing a variance analysis

Experience in International tax practices and advisory roles taken with Partner detail

  • Innovative Tax Planning using favourable Tax Jurisdictions for setting up of Structures.
  • Minimising Tax implications using DTAA networks
  • Advising on the Transfer Pricing Methodology and Documentation
  • Knowledge updation on changes in the International Tax Laws.
  • Advising on the Withholding Tax implications and ensuring lowest possible tax outgo by approaching the Tax Department for lower withholding wherever possible.

Sharing the key tax assessments handled and refund orders executed

  • Annually, we handle nearly more than 100 tax assessments for our clients.
  • We have a track record of rigorous follow up with the tax departments for Rectifications / expediting Order Giving Effects to the Appellate Orders and for releasing the refunds due to the clients.
  • In case of long pending refunds that are otherwise due to the client, we apply a multi-prong strategy involving the following
    • Filing Grievance petitions before the Assessing Officer and his Superiors
    • Filing of E-Nivaran petitions to the CPC / Assessing Officer
    • Filing of CPGrams applications that are monitored by the Prime Minister’s Officer (PMO).
    • Filing of RTI Applications
    • Exerting pressure from the Top by Representing before the CBDT

Experience of the team in SAP- BPC, ECC 6, SAP- Hana

Our team members have a reasonable working knowledge of working in SAP / Oracle or any other Software platform by virtue of Auditing our clients who have employed such systems.