Naveed Mulla & Associates, Chartered Accountants

🎯 To All IPCC Aspirants – The Moment Is Near!

As the results approach on 3rd November, I want to extend my heartfelt wishes to every CA candidate who has put in the hard work, late nights, and relentless dedication. Whether this attempt brings success or valuable lessons, remember—it’s a stepping stone in your remarkable journey.

✅ If you clear it: Congratulations! The path to becoming a Chartered Accountant just got clearer. Start planning your articleship, explore firms that align with your goals, and dive into the profession with confidence.

💡 If not this time: Don’t lose heart. Every great CA has faced setbacks. What matters is how quickly you bounce back and re-strategize.

📈 The profession is evolving, and opportunities are abundant for those who act swiftly and smartly. So gear up, stay focused, and let your career journey begin with purpose and passion.

✅ This ITR season, we successfully completed almost all filings well before the deadline 🕒
What made it more challenging? The penultimate day of filing fell on a Sunday, a weekly holiday for us.
When you’re managing multiple compliances and coordinating with people who may not always share the same discipline, the importance of advance planning becomes crystal clear.
👉 Discipline isn’t about working longer hours, it’s about working smarter, earlier, and more consistently.
Because of a structured plan and persistent follow-ups, our team could take the holiday without panic, and still meet deadlines comfortably.
For us, it’s not just about filing returns, it’s about client trust, peace of mind, and avoiding last-minute stress.
💡 Key takeaway: Even when the system around you isn’t perfectly aligned, your own discipline, systems, and foresight can ensure smooth compliance.

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From Compliance to Strategy: The CA Firm’s Role in a Changing Trade Landscape
As of August 25th, the US has doubled tariffs on Indian exports to a staggering 50%, citing geopolitical tensions and energy trade dynamics. Sectors like textiles, gems & jewellery, seafood, auto parts, and electronics are bracing for impact, with order cancellations and margin pressures already surfacing.
📉 What’s at stake?
Shrinking competitiveness in the US market
Job losses in labour-intensive sectors
Potential 40–50% drop in export volumes
💼 Where do CA firms come in? In this climate, Chartered Accountants are more than compliance experts—we’re strategic partners. Here's how we can contribute:
✅ Risk Advisory & Diversification: Help clients pivot to alternative markets like Russia, Brazil, and ASEAN nations through trade feasibility studies and cost-benefit analysis.
✅ GST & Tax Optimization: Leverage domestic tax rationalization to offset global pressures, ensuring exporters remain agile and profitable.
✅ Cash Flow & FX Management: Guide clients on hedging strategies and working capital adjustments to navigate volatility.
✅ Policy Advocacy & Representation: Collaborate with industry bodies to voice concerns and push for supportive reforms.
✅ Digital Transformation: Encourage adoption of AI tools and automation to reduce overheads and improve resilience.
📣 As professionals, we must evolve from reactive compliance to proactive strategy. The world is shifting let’s help our clients shift with it.

💡 Is 8% Income Under Section 44AD Always Safe? Think Again.
Many small businesses with turnover below ₹2 crore opt for Section 44AD, presuming it’s a blanket rule to declare 8% of turnover as income. Simple, right?

Not quite.

📜 The section actually says:

"8% or a higher sum claimed to have been earned... shall be deemed to be the income."

🔍 So, the 8% is just the floor, not the ceiling.
If your actual profits are more, you're expected to disclose the higher figure.

Now, here’s the catch —
If you’re showing 8%, but your lifestyle, assets or digital spending don’t match, you’re inviting scrutiny.

🚨 In such cases, the department can invoke:

Section 69 for unexplained investments or expenditure, and

Tax it under Section 115BBE at a harsh rate of 78% (incl. surcharge & cess)

✅ Key Takeaway: Presumptive income is a convenience, not a loophole.
Declare what you genuinely earn. Avoid red flags.

At Naveed Mulla & Associates, we help businesses choose the right tax path – smart, compliant and audit-ready.

🔴 GST Alert – Bank Details Previously Valid Are Now Marked “Invalid”!

In a recent development observed across multiple states, businesses are facing sudden GSTIN suspensions due to bank account validation failures – even for accounts that were already validated earlier on the GST Portal.

👉 This appears to be due to backend re-validation triggers from GSTN, possibly tied to recent API or system updates.

⚠️ Impact:

GSTINs are being suspended without any prior notice

Filing of returns, e-Invoicing, and other compliances come to a halt

Risk of cancellation if not acted upon promptly

✅ What should businesses do?

Immediately verify the bank validation status of all registered GSTINs on the portal

If marked invalid or suspended, re-upload latest bank proof (passbook copy/bank statement with visible account name, number, and IFSC)

📌 At Naveed Mulla & Associates, we’ve already initiated a bulk review of our clients’ GSTINs to ensure business continuity.

💡 Proactive compliance is the best defense.
Don’t let a backend glitch become a business disruption.

Feel free to connect with us for assistance or queries.

🎯 Articleship Opportunity | Mumbai & Navi Mumbai
Where learning meets legacy, and your CA journey gets its wings.

Step into a team led by CA Naveed Mulla—a mentor who believes in shaping professionals through real work, real responsibility, and real growth.

🌐 Why This Articleship?
Because it’s not just about ticking forms and filing returns.
It’s about understanding how Indian and overseas operations truly work—from compliance to consulting, audits to advisory.

💼 Gain practical mastery in:
🔹 Direct & Indirect Taxation
🔹 Audit & Assurance
🔹 International Assignments
🔹 Corporate & Startup Advisory
🔹 Regulatory Compliance & Reporting

📚 As you prepare for your CA Final, this is your edge—immersive experience that brings textbook theory to life.

📚 Learn. 💼 Grow. 🌟 Become the Future CA.

🔍 Real Exposure | 🤝 Meaningful Guidance | 📈 Career Elevation
Apply now & shape the future you deserve.

Send CVs to [email protected]

📍 Location: Mumbai & Navi Mumbai
📩 Open for applications now!

💬 “Don’t just study to pass. Work to understand. Learn to lead.”

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📣 Articleship Opening in Navi Mumbai — For Those Who Want More Than Just Exposure! 🌟

Are you a CA student hungry to build a career grounded in the core of Chartered Accountancy with solid mentorship and unmatched learning?

We’re offering an articleship opportunity with Naveed Mulla & Associates, Chartered Accountants, a firm known for its depth in traditional practice and a no-nonsense approach to professional growth. And yes, Mumbai and nearby candidates are welcome too we don’t discriminate against ambition! 😉

🔥 What You’ll Work On:

• 🧾 Taxation (Direct & Indirect): Get your hands dirty with GST filings, IT returns, assessments & representations
• ✅ Statutory & Internal Audits: Learn audit planning, ex*****on, and reporting from the ground up
• 🏢 ROC & Company Law Compliance: From incorporation to regulatory filings, get end-to-end exposure
• 🧠 Client Advisory & Relationship Building: Sharpen your instincts for diagnostics, communication & trust
• 💡 Accounting & Bookkeeping: Excel, Tally, and cloud-based tools to build real operational strength
• ⚖️ Compliance Management Across Laws: Not just ticking boxes—strategizing regulatory wellness

💸 Best-in-Industry Stipend: Let’s just say your bank balance might finally beat your step count. 😉

📍 Office Address:
Naveed Mulla & Associates, Chartered Accountants
Office #901, G-Square Business Park, Plot 25 & 26, Sector 30, Vashi
Landmark: Exactly Opposite Sanpada Railway Station, Navi Mumbai

📩 Apply now:
📧 Drop your CV at [email protected]
📱 Get in touch on WhatsApp: 9892180292

🗣️ Tag your friends from Vashi, Nerul, Kopar Khairane, Kharghar, Ghansoli, Sanpada, Seawoods, and CBD Belapur who’ve cleared Articleship and are ready for their next career leap. This is the launchpad they’ve been waiting for!

🌟 CA Results Day: Cheers, Courage & Chapters Yet to Be Written 🌟

To everyone who cleared their CA exams — take a deep breath and soak it in.
You didn’t just pass; you persisted. You turned deadlines into milestones. And now, you’re stepping into a profession built on integrity, grit, and sharp thinking.
Enjoy the moment — you earned every bit of it! 🎉👨‍💼👩‍💼

And to those still waiting for that dream result — I see you.
This journey isn’t easy. It tests everything — your resolve, patience, and belief in yourself. Not clearing today doesn’t change your worth. You’re still the same ambitious, capable human with a fire that just needs a little more time to blaze. 🔥

Remember: 💼 Articleship gave us scars and stories.
📚 IPCC taught us to fall, get up, and come back smarter.
🛤️ This path isn’t a sprint — it’s a marathon. You’re still on track.

Keep showing up. Keep believing. The next chapter might just have your name on it — bold, proud, and surrounded by confetti.

🚀 Final Phase of MCA V3 Portal is Here! 🚀
The MCA rolls out the final set of 38 company-related forms on the V3 portal from 14th July 2025—a major milestone for corporate compliance.

⚠️ Key Transition Alerts:
1️⃣ V2 portal filings cease on 18th June
2️⃣ “Pay Later” disabled from 8th June
3️⃣ V3 portal downtime: 9th–13th July
4️⃣ User migration mandatory – Shift to Business User ID
5️⃣ Upload investor/subsidiary details by 17th June to avoid “NTBR” status

✅ Stay ahead of deadlines. Stay compliant.
📲 Visit www.canaveedmulla.com for guidance.

As the monsoon arrives, it brings a fresh perspective—just like the start of a new week. The rains remind us that growth comes with challenges, and success is about adapting, staying resilient, and moving forward despite the storms.
With May coming to an end, it’s time to reflect on progress, set new goals, and step into June with renewed energy. Whether it’s compliance deadlines, audits, or client commitments, let’s tackle them with clarity and determination.
"Success is not about waiting for the storm to pass, but learning to work through it."
Let’s make this week count!

Wishing all Chartered Accountants a productive and refreshing weekend!
After a week of balancing compliance, deadlines, and client expectations, take a moment to pause, reflect, and recharge. A well-rested mind leads to sharper insights and better decisions.
"Success is not just about working hard, but also about knowing when to rest and refocus."
Enjoy your weekend, plan ahead, and step into the new week with clarity and confidence!