Kantilal M. Shah & Co. - CA

Kantilal M. Shah & Co. - CA “Success has no shortcuts. There is no alternative to harwork”.

The firm is entrusted with a high degree of professional ethics, integrity, and technical competence towards its client's services.

Compliance Calendar for May 2026. Follow us for more such updates.
02/05/2026

Compliance Calendar for May 2026.







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Compliance Calendar for April 2026. Follow us for more such updates.
03/04/2026

Compliance Calendar for April 2026.







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KIND ATTENTION TAXPAYERS!Clarification has been issued regarding certain email communications sent under the Advance Tax...
14/03/2026

KIND ATTENTION TAXPAYERS!
Clarification has been issued regarding certain email communications sent under the Advance Tax e-Campaign for AY 2026–27 (FY 2025–26)

05/03/2026

*15 March is the last date to deposit the 4th installment of advance income tax for FY 2025-26 i.e. assessment year 2026-27.*
Deposit your advance tax wherever applicable to avoid penal interest.

*Partners in partnership Firms*
For FY 2025-26 partnership firms are required to to make TDS on Partners salary and interest paid on capital. So while calculating Advance tax for FY 2025-26, keep in mind about TDS credit on such payments from partnership firms.

Regards,

*Kantilal M Shah & Co. Chartered Accountants*

🔓 Episode 3 of TALKS@WORKAI Creativity: Genius or Just an Algorithm?(Released on 26th February, 2026)When the guardians ...
27/02/2026

🔓 Episode 3 of TALKS@WORK
AI Creativity: Genius or Just an Algorithm?
(Released on 26th February, 2026)

When the guardians of finance debate the architects of algorithms, meaningful conversations emerge.

At Kantilal M. Shah & Co., Chartered Accountants, Episode 3 for Articles & Associates introduced a dynamic shift—a structured debate format designed to sharpen critical thinking and professional articulation.

Before diving into the topic, we focused on the fundamentals of professional debating: clear articulation, critical thinking under pressure, and objectively evaluating opposing viewpoints—skills that define exceptional CAs.

Divided into Team A, led by Anuj Joshi, comprising Harsha Vardhan Kunisetty, Aman Sood, Jyoti Jain, and Bhavya Vora and Team B, led by CA Bhoomi Shah, comprising Veer Choudhary, Hardi Patel, Solanki Jay, and Rahul Thakor, the participants represented perspectives on AI’s impact (for v/s against), delivering well-researched and balanced arguments in a thought-provoking exchange.

We extend our sincere appreciation to our mentor, Nidhi Shah, for her invaluable guidance, insightful observations, and constructive feedback that elevated the depth and quality of the discussion.

At TALKS@WORK, we go beyond discussing trends—we cultivate confident, future-ready professionals.

Building skills beyond numbers

Stay tuned for more such enriching sessions. ✨

Regards,
Team Kantilal M. Shah & Co., Chartered Accountants
(Caption credits: Bhavya Vora)

🔓 Episode 2 of TALKS@WORK - Consolidation of Financial Statements Successfully Concluded!We’re glad to share the success...
17/02/2026

🔓 Episode 2 of TALKS@WORK - Consolidation of Financial Statements Successfully Concluded!

We’re glad to share the successful completion of Episode 2 for Articles & Associates at Kantilal M. Shah & Co., Chartered Accountants, released on 16th February, 2026.

This session was led by Veer Choudhary and Harsha Vardhan Kunisetty, who presented the concepts with clarity and a structured approach, making the discussion both insightful and engaging.

Beyond technical learning, the session focused on strengthening team collaboration, enhancing communication, boosting confidence, and fostering a culture of knowledge sharing. It reflected our belief that growth becomes meaningful when seniors take responsibility for mentoring and guiding juniors in the right direction.

A special thanks to Mr. Sunil Thadani for his valuable presence and insightful inputs, which further enriched the session. We also sincerely appreciate the active participation and enthusiasm of everyone involved - your engagement made this session a success.

Looking forward to bringing more insightful and growth-driven sessions soon.

Stay tuned for the next episode of TALKS@WORK!

P.S. We capped it off by celebrating together - because work-life balance matters just as much as the work.

(Caption credits: Hardi Patel)

09/02/2026

I got over 30 reactions on one of my posts last week! Thanks everyone for your support! 🎉

“Tax Update" | Budget 2026Key highlights and tax implications.
06/02/2026

“Tax Update" | Budget 2026

Key highlights and tax implications.

06/02/2026

Union Budget 2026 - 27: Key Highlights

Presenting her 9th consecutive Budget, the Finance Minister focused on sustaining growth under the Sabka Saath, Sabka Vikas vision. Key highlights:

1. Growth, Fiscal & Infrastructure Push

Government capex increased to ₹12.2 lakh crore (FY27) from ₹11.2 lakh crore, continuing infrastructure-led growth.

Fiscal discipline maintained:
-Fiscal deficit at 4.3% of GDP (FY27)
-Debt-to-GDP at 55.6%, aligned with medium-term consolidation goals
-Net market borrowings at ₹11.7 lakh crore

• Seven new high-speed rail corridors announced to promote sustainable transport.

• Five regional medical hubs proposed to boost healthcare capacity and medical tourism.

• High-level banking committee to review reforms aligned with the Viksit Bharat agenda.

2. Capital Markets & Investor Taxation

STT hiked on derivatives:
– Futures: 0.02% → 0.05%
– Options: 0.10% → 0.15%
– Higher costs for active traders and HFTs.

• Buyback tax changes:
Effective Tax Burden
-Promoters: 22% (corporate) / 30% (non-corporate)

3. Direct Tax, TDS/TCS & Compliance

- Income Tax Act, 2025 effective 1 April 2026; simplified rules & redesigned return forms to be notified with transition time.

- TDS/TCS rationalisation:
-TDS on liquor, scrap & minerals capped at 2%
-TCS on overseas tour packages reduced to 2%
-TCS under LRS for education & medical purposes cut to 2%

- Interest awarded by MACT to individuals exempt from income tax.

- Time limit for revising returns extended till 31 March with nominal fee.

4. NRI, Bonds & Ease of Compliance

- Special portfolio investment scheme proposed for NRIs.

- NRI investment limits raised: 5% → 10% (individual); 10% → 24% (overall).

- Bond market reforms: market-making in corporate bond indices and incentives for large municipal bond issuances.

- Consolidated filing introduced for investors with multiple holdings.

5. States & Digital Infrastructure

- ₹1.4 lakh crore allocated to States as Finance Commission grants.

- Tax holiday till 2047 for foreign cloud service providers using Indian data centres (via Indian reseller entities).

6. Skill Development
- Support announced for professional bodies like ICAI & ICSI to offer short-term modular courses focused on upskilling and employability.

(Source: Union Budget 2026 presented on 1st February, 2026)

New Series Unlocked at Kantilal M. Shah & Co., Chartered Accountants – TALKS@WORK 🔓We’re excited to kick off Episode 1 ...
01/02/2026

New Series Unlocked at Kantilal M. Shah & Co., Chartered Accountants – TALKS@WORK 🔓

We’re excited to kick off Episode 1 of TALKS@WORK for Articles & Associates, released on 31st January 2026 at Kantilal M. Shah & Co., Chartered Accountants.

The session truly lived up to its name - filled with meaningful interactions, positive energy, and open conversations. It marked a great beginning towards building stronger connections and fostering a culture of collaboration within the team.

Under the Excellent mentorship of our boss lady Nidhi Shah, we congratulate our leaders of this episode Hardi Patel and Siddharth Jangid in setting the right direction and nurturing a collaborative workplace culture. We truly appreciate the enthusiasm and active participation of our fellow Articles and team members - CA Bhoomi Shah, Anuj Joshi, Harsha Vardhan Kunisetty, Veer Choudhary, Aman Sood, Solanki Jay, Rahul Thakor, Jyoti Jain and Bhavya Vora.

Stay tuned for more!✨

Regards,
Team Kantilal M. Shah & Co., Chartered Accountants

(Caption credits : Hardi Patel)

Compliance Calendar for January 2026. Follow us for more such updates.
01/01/2026

Compliance Calendar for January 2026.







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Address

806, Mauryansh Elanza, Near Shyamal Cross Road, 132 Ft. Ring Road, Satellite
Ahmedabad
380015

Opening Hours

Monday 10am - 7pm
Tuesday 10am - 7pm
Wednesday 10am - 7pm
Thursday 10am - 7pm
Friday 10am - 7pm
Saturday 10am - 5pm

Telephone

+917926753499

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