Profile / P. P. Shah & Associates

P. P. Shah & Associates is a 32 year old firm founded by Mr. Paresh Pannalal Shah. The strongest testimony of the firm’s reputation and service lies in the fact that we have highly satisfied clients with relationship extending over 32 years. We have evolved into a multi-disciplinary firm offering spectrum of value added services.

Situated in the heart of Mumbai the firm represents a balance blend of experience and youth, sharing a common vision. We intend playing an instrumental role in growth and development of our clients. We understand the complexities of Indian financial environment and legalities enabling us to seamlessly deliver exceptional results.

We provide our highly motivated team with an unparalleled opportunity to handle challenging and diverse assignments. Our team of professionals has the access to knowledge and experience across various industries.

We believe in strong values of trust, integrity, knowledge and personalized service.

Mr. Paresh P Shah:

  • A Science Graduate of 1981, with Chemistry as the principal subject & qualified as Chartered Accountant in the year 1984, (M. No. 36400).
  • Specialization in FEMA & Taxation with a special focus on.
    1. Cross border transactions & its taxation.
    2. Inbound and Outbound business, tax & regulatory aspects.
    3. Advisory services on Double Taxation Avoidance Agreements.
    4. Foreign Collaboration and Joint Venture Agreements.
  • Presentations / Lectures on various topics in past years as under:

    SrTopicCourse / OrganizerDate
    1. Articles 1- 4 of Model Conventions keeping in view UN ConventionICAI’s Committee on International Tax – Diploma in International Taxation09.06.2018
    2. Overview of the Foreign Exchange Management Act, 1999 with respect to Anti Money LaunderingICAI’s Committee on Economic, Commercial Laws & Economic Advisory – 6 days Certificate Course on Anti Money Laundering Laws03.06.2018
    3. Inbound and outbound Investments and FDI – w.r.t. real estate transactions under FEMANashik Branch of WIRC of ICAI – Workshop on Real Estate Transactions26.05.2018
    4. Overview of FEMASIRC of ICAI – “Beyond Boundary” Three Day Workshop on FEMA03.05.2018
    5. a) Foreign Inbound Investment –
    FEMA 20(R) / Schedules 1 (FDI / capital instruments), 4 (Investment on non-repatriation basis) & 6 (Investment in a Limited Liability Partnership)

    b) Co-Trustee at Brain Trust session

    Delhi CTC’s Two-day Intensive Study Course on FEMA24.03.2018
    6. Overseas Branch and Direct InvestmentBCAS – Four Day Orientation Course on FEMA23.03.2018
    7. Taxability of TrustsCTC’s Webinar on Taxation of Private Trusts/ family trusts, and Estate planning with the help of private trusts07.03.2018
    8. Overview of PMLA, 2002CTC’s Full Day Seminar jointly with
    CIRC of ICAI, Raipur
    on Demonetisation, Capital Gains, Benami Property Act, PMLA & Penalties
    9. Case Studies, Practical Issues & FAQs on FEMACTC’s Intensive Study Course on FEMA22.12.2017
    10. Overview of PMLA, 2002CTC’s Full Day Seminar jointly with
    Tax Practitioners Association, Indore
    on Demonetisation, Capital Gains, Benami Property Act, PMLA & Penalties
    11. Acquisition of Immovable Property in India under FEMACTC’s Study Course on Real Estate Laws25.11.2017
    12. Case Studies, Practical Issues & FAQs on FEMAChembur Study Circle of WIRC, ICAI19.11.2017
    13. Domestic vs International TaxationWIRC of ICAI’s Study Course on International Taxation for Beginners01.11.2017
    14. Overview of FEMACTC’s Basic Course on FEMA & Taxation Of Foreign Remittance31.08.2017
    15. Overview of FEMACTC’s Basic Course on FEMA & Taxation Of Foreign Remittance

    (Jointly with the Malad Chamber Of Tax Consultants)

    16. Overview of FEMACTC’s Study Circle Meeting on FEMA28.02.2017
    17. FEMA Case studiesCTC’S Basic Intensive Study Course on FEMA22.10.2016
    18. Cross-Border taxation of Estates – Case Studies – UK & US Inheritance TaxKNAV Partners’ Meet at London27.07.2016
    19. Cross-Border taxation of Estates – UK & US Inheritance TaxKNAV Partners’ Meet at London26.07.2016
    20. Overview of Allied Laws Impacting PMLAICAI’s Certificate Course on Anti Money Laundering19.06.2016
    21. Expatriate Taxation -Inbound and Outbound DeputationCTC’s Workshop on Foreign Remittance31.05.2016
    22. Implications for NRIs – PMLA, FEMA, Income-TaxJain International Trade Organisation, Dubai20.03.2016
    23. Non-Resident TaxationGoregaon CPE Study Circle of WIRC of ICAI17.01.2016
    24. Outbound Investments2 Days Workshop on FEMA organized by the Committee on Economic, Commercial Laws & WTO & the Committee for Co-operative and NPO Sectors of ICAI20.12.2014
    25. Presentation on
    Concept of Permanent Establishment
    Navi Mumbai Branch of WIRC of ICAI –
    ICAI’s Intensive Course on International Taxation
    26. Presentation on Understanding tax treaties & credit for double tax including underlying tax creditNavi Mumbai Branch of WIRC of ICAI –
    ICAI’s Intensive Course on International Taxation
    27. Non-Resident TaxationAndheri (E) CPE Study Circle of WIRC of ICAI20.10.2013
    28. FDI Policy-Trading Activity of PROI and relevant Provisions of FEMABCAS – FEMA Study Circle Meeting06.08.2013
    29. Fees for Technical Services and RoyaltyBorivali CPE Study Circle of WIRC of ICAI30.06.2013
    30. Overseas Direct InvestmentBeginner’s Course in FEMA by WIRC of ICAI11.05.2013
    31. Implications and Treatment of Trusts under FEMAConference of Chamber of Income Tax Consultants (New Delhi)02.02.2013
    32. Introduction to Tax Havens, Partnerships under Double Tax Avoidance Agreements as well as Triangular Cases under Double Tax Avoidance AgreementsCertificate Course on International Taxation organized by the Committee on International Taxation of ICAI (Baroda)29.04.2012
    33. Taxation of Non-Resident IndiansAIFTP Conference on Taxation (Surat)07.04.2012
    34. EU TreatiesCertificate Course on International Taxation by WIRC of ICAI24.03.2012
    35. Double Tax Avoidance AgreementsSeminar on International Taxation by the Pune Branch of WIRC of ICAI22.12.2011
    36. Outbound InvestmentsStudy circle meeting of Chamber of Income Tax Consultant’s Delhi Chapter04.06.2011
    37. Consolidated FDI Policy – A Comprehensive AnalysisConference on FEMA by WIRC of ICAI19.08.2011
    38. Inbound & Outbound InvestmentBorivali – Kandivali (East) CPE Study Circle29.05.2011
    39. i. Concept of controlled foreign corporation

    ii. Hybrid / Financial Instruments

    iii. E C Treaties – Parent Subsidiary Directives – Interest and Royalty Directives

    ICAI’s DTAA course in Mumbai01.05.2011
    40. International Trust tax issuesWIRC of ICAI18.12.2010
    41. i. Hybrid Financial Instruments

    ii. EC Treaties – Permanent – Subsidiary Directives

    ICAI certification course on DTAA at Ahmedabad11.12.2010
    42. Outbound Investment – CyprusWIRC of ICAI27.11.2010
    43. Overview of FDI in IndiaBCAS23.10.2010
    44. Non-FDI investmentFEMA course of WIRC of ICAI26.06.2010
    45. Investment by Person Resident outside IndiaAIFTP workshop in Mumbai07.08.2010
    46. Shipping – International Taxation10th & 11th DTAA Course at BCASIn 2009 & 2010
    47. Taxability of Trusts – Domestic & International Tax issuesSeminar on Estate Planning organized by WIRC, ICAI18.07.2009
    48. Foreign Direct Investment (FDI) including sector specific FDI (Real Estate/Retail Trading/Financial Sector)BCAS Study Course on FEMA13.06.2009
    49. Controlled Foreign Corporation, Thin Capitalisation , European Union Directives & Royalties & Fees for technical services with case lawsCertificate Course in International Taxation of WIRC, ICAIApril & May 2009
    50. Partnerships under the Law of Tax TreatiesCertificate Course in International Taxation of SIRC, ICAI14.03.2009
    51. European Union Treaties & DirectivesCertificate Course in International Taxation of ICAI
    52. International Tax Planning and its methods, Case Studies and comparative analysis of structuring of Holding Companies at Cyprus, Singapore and MauritiusBCAS11.08.2007
    53. Acquisition & Transfer of Immovable Properties and Portfolio investment by NRICTC24.02.2007
    54. Tax & other aspects of Offshore TrustIFA Western Region Chapter Workshop04.11.2006
    55. Mergers & Acquisitions – An International PerspectiveNational Academy of Direct Taxes, Nagpur, for the Training course organized for Revenue Officers, CIT Appeals, JCITs, ACITsSeptember 2006
    56. Disallowance of Expenses under Section 40 (a) (ia)Conference held by The Andhra Pradesh Bar AssociationApril 2006
    57. Foreign Investment in IndiaInternational RRC held by The Law Society of England and Wales2004
  • Books & Publications:
    1. Authored a book on Custom Baggage Rules and published by BCAS on 23rd March 2011
    2. Co-authored a book on “FEMA & Taxation” published by AIFTP in March 2009.
    3. Contributed articles on Taxation & FEMA in the journal “Income Tax Review” published by Chamber of Income tax Consultants, Mumbai.
    4. Authored a book on “Overseas Investment” published by AIFTP in June 2002.
    5. Co-authored a book on “Overseas Indian FEMA & Taxation” published by AIFTP in September 2000.
    6. Co- authored a book on “NRI a legal Companion” published by All India Federation of Tax Practitioners (AIFTP) in July’ 1999.
    7. Presented papers on taxation at conferences of AIFTP and WIRC of Institute of Chartered Accountants of India.
  • Committees:
    1. Presently Editor of International Tax Journal of the Chamber of Tax Consultants.
    2. Chairman of Membership & PR Committee of the Chamber of Tax Consultants during FY 2017-18.
    3. Chairman of International Tax Committee of the Chamber of Tax Consultants during FY 2013-14 and FY 2016-17.
    4. Member of International Taxation & Finance Study Group of Bombay Chartered Accountant Society during 2011-2014.
    5. Vice Chairman of the Journal Committee of the Chamber of Tax Consultants during 1999-2001.