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CA. Umesh Ravani,
The Founder of UMESH RAVANI AND ASSOCIATES.
Qualified as a Chartered Accountant in 1992 and Became FellowMember in 2001. Cleared Diploma in System Audit in 2005 from ICAI and
completed Concurrent Audit Course in 2014 from ICAI. He is actively involved in full time practice since 1992.
CA. Umesh Ravani,
The Founder of
UMESH RAVANI
AND ASSOCIATES.
UMESH RAVANI
AND ASSOCIATES.
Qualified as a Chartered Accountant in 1992 and Became FellowMember in 2001. Cleared Diploma in System Audit in 2005 from ICAI and
completed Concurrent Audit Course in 2014 from ICAI. He is actively involved in full time practice since 1992.
Taxation
- Filing of Income Tax Returns.
- Filling of TDS Returns.
- Filling of GST Returns.
- Other Matters Related to Income Tax, TDS and GST
Audits
- Statutory Audit
- Tax Audit under Income Tax Act.
- Internal Audit
- Stock Audit
management consultancy services
- Guidance to Start-ups
- Scaling up business
- Project and finance
- Advanced tax planning
- Incorporation of companies
WHO WE ARE
The firm Umesh Ravani & Associates was established by CA Umesh Ravani in the year
1992 and it has emerged as one of the leading practicing firm in Jamnagar as on the date.
By the Continuous Efforts and commitment of CA Umesh Ravani, The firm has made itself
capable of delivering value added professional services on various fields such as Audit &
Assurance Service, Advisory Services, Taxation and Management Consultancy to the
clients engaged in various Industries.
The firm’s workforce consists of knowledgeable and enthusiastic team of Professionals
including Chartered Accountants, Management Graduates, Advocates and other curious
learners. The firm places paramount importance on client satisfaction, professional ethics
and authenticity.
The firm is capable and habitual in fulfilling the compliance requirements of clients in given
time & in the best possible manner and it desires to maintain its integrity and keep achieving
milestones of success in the future.
WHO WE ARE
Umesh Ravani & Associates is established by CA Umesh in the year 1992. By the Efforts and commitment of CA Umesh Ravani, it has emerged as one of the leading practice unit. It has developed sufficient infrastructure to render comprehensive professional services on various fields of Audit & Assurance Service, Advisory Services, Taxation, Business Process Outsourcing and Management Consultancy to the various clients.
For the further expansion of the firm , in the year 2018 , the firm introduced CA Amar G Oza as a partner. With a background in areas of taxation , auditing , financial advisory , CA Amar G Oza has been instrumental in driving growth and providing high-level strategic counsel across a variety of industries.
In a world marked by constant change and new challenges, offering innovative and forward-thinking solutions is the need of present era. As the firm continues to navigate the evolving landscape of finance, regulation, and business , in the year 2024 , the firm introduced one more professional CA Rajesh Jani as a partner in the firm.
This partnership means even greater access to cutting-edge insights and an expanded array of services. The Firm is committed to continually improving their offerings to meet the evolving needs of business
Years of Experience
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CA. Umesh Ravani,
The Founder of UMESH RAVANI AND ASSOCIATES.
Qualified as a Chartered Accountant in 1992 and Became FellowMember in 2001. Cleared Diploma in System Audit in 2005 from ICAI and
completed Concurrent Audit Course in 2014 from ICAI. He is actively involved in full time practice since 1992.
OUR SERVICES
DIRECT TAX
Tax Compliance including Income Tax Assessment, Appeals before Commissioner (Appeals) and Income Tax Appellate Tribunal.
INDIRECT TAXES
GST Refund Application in case of Exports and Advisory. GST Assessments, Handling Demand Notices and Scrutinies.
AUDITING & ASSURANCE
Bank Audit including System Audit, Revenue Audit, Book Debt Audit, Stock Audit, Concurrent Audit etc.Tax Audit under Income Tax Act.
IF YOU ARE UNWILLING TO DO SOMETHING, YOU DO NOT WANT
TO DO IT OR YOU REFUSE TO DO IT
WHAT OUR CLIENT SAYS
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WHAT’S NEW
FINANCE BILL 2026 PROPOSALS
2. Extension of time limit for ϐiling revised return from...
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Due date for making payment to MSME Creditors and calculation of Interest
Due date for making payment to MSME Creditors and calculation...
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Industries We Serve
FAQ
1. What is the Income-tax Act 2025?
It is a new law introduced by the Government of India to replace the existing Income-tax Act, 1961 from 1 April 2026 with the objective of simplifying tax provisions.
2. Will tax rates change?
No major change in tax rates has been proposed under the new Act.
3. Why was a new Act introduced?
To simplify language, reduce complexity, and reorganize provisions of the old law.
4. What is the biggest change in the new Act?
The introduction of the “Tax Year”, replacing the system of Previous Year and Assessment Year.
5. What is a Tax Year?
A single 12-month period for computing and filing taxes, making compliance easier.
A Tax Year is a single 12-month period for:
- Earning income
- Computing tax
- Filing return
5. What is a Tax Year?
A single 12-month period for computing and filing taxes, making compliance easier.
A Tax Year is a single 12-month period for:
- Earning income
- Computing tax
- Filing return
6. Will I need to change how I file my Income Tax Return?
The process will remain largely similar but may become more simplified and digital.
7. Will the Old Regime and New Regime continue under the Income Tax Act, 2025?
Yes. Under the Income Tax Act, 2025, both the old and new tax regimes are continues, as there is no major structural change in tax rates or regimes in the new law.
8. Are deductions like 80C,80D, etc. still available?
Most deductions are expected to continue, though they may be reorganized within the Act.
9. Will capital gains taxation change?
The concept of capital gains remains the same with simplified drafting.
10. What about presumptive taxation (44AD / 44ADA)?
These provisions are expected to continue for small businesses and professionals.
11. Will TDS/TCS rules change?
Yes, but mainly in format. TDS provisions will be consolidated into a simplified table structure.
12. Will GST or other taxes be affected?
No. The new Act only affects income tax provisions.
13. Will compliance become easier?
Yes. The law aims to reduce complicated cross-references and lengthy explanations.
14. Will faceless assessments continue?
Yes, digital and faceless tax administration will continue.
15. Will businesses need to change accounting practices?
No major changes are expected in accounting methods.
16. What happens to pending tax cases?
Existing cases will continue under transitional provisions.
17. Will penalties change?
Penalty provisions will be simplified but enforcement remains strong.
18. Are there any changes for NRIs under the Income Tax Act, 2025?
There are no major changes in the basic taxation principles for NRIs under the Income Tax Act, 2025.
Income earned in India will continue to be taxable in India
Residency rules and taxability framework largely remain the same
19. Will charitable trusts face new rules?
Trust provisions are reorganized but the basic taxation framework remains similar.
20. Should taxpayers take any action now?
No immediate action is required. Taxpayers should stay informed.