Shetty & Bhat

26/03/2026

We’ve been working towards this quietly and now, we’re officially in Mangaluru.

We began with a pooja, setting the tone for a positive and steady start.

This is more than a new office.
It’s about being closer to the people and businesses we work with.

With CA Abhishek Shetty stepping in as Partner, our Mangaluru presence is built to be practical and accessible. He’s been part of our Udupi team, handling multiple audits along the way and if there’s one thing about him, it’s this: he’s often called the cool CA across our Udupi office, someone who stays steady no matter how busy things get and always gets it done.

Our Mangaluru office is now up and running at:
📍 First Floor, A.P Towers, Ballalbagh, Mangaluru, Karnataka – 575003

Same approach.
Stronger presence.
Closer to you.

Let’s get to work

10/03/2026

Articleship is more than training it is where your professional identity starts to develop.

Under the new 2-year structure of the Institute of Chartered Accountants of India, these 730 days are crucial. This is the stage where knowledge moves beyond textbooks and turns into practical understanding.

A meaningful articleship should involve real assignments, responsibility, and client interaction. Experiences like these build confidence, sharpen judgement, and shape the professional personality expected from a future Chartered Accountant.

By the way, articleship opportunities are now available at our Mangaluru and Udupi offices.

Apply now: https://zurl.co/ZX2Xn

Email: [email protected]

Phone: +91 9353086325

02/03/2026

Stop thinking like a student. It’s time to start thinking like a professional.

Under the new 2-year ICAI scheme, there is exactly zero time to waste. You have 730 days to build the foundation for a 40-year career. At Shetty & Bhat, we don’t treat those days as a formality. We treat them as a high-velocity professional transformation.

We aren't here to help you "finish your hours." We are here to ensure you become the Chartered Accountant that clients actually listen to.

Take the first step toward your 40-year career legacy.

Apply now: https://zurl.co/fMp4C

Email: [email protected]

Phone: +91 9353086325

10/02/2026

What are the biggest takeaways from the recent Central Budget for taxpayers?

Budget 2026: Key Changes Explained Simply We've been diving into the Finance Bill, and here are the changes that matter most to you:

More Time to File & Correct Good news for non-audit businesses - your ITR filing deadline is now August 31 (was July 31). And if you need to file a revised return, you now have until March 31 instead of December 31. Just remember, revisions after Dec 31 will attract a small fee, so sooner is still better!

Sovereign Gold Bonds - A Tweak to Note The tax exemption on maturity now only applies if you originally subscribed to the SGB from the government. Bought it from the secondary market? You'll now need to pay capital gains tax on redemption. Something to factor into your investment decisions.

Buyback Taxation - Finally Making Sense This has been quite a journey! Until 2024, companies paid the tax and shareholders got proceeds tax-free. Then in 2024, it shifted to shareholders but was taxed as "Income from Other Sources" - which meant you couldn't set off your capital losses against it (a strange anomaly for what's essentially a capital transaction). Budget 2026 fixes this: Buyback proceeds are now taxed as capital gains. This means you can finally use your capital losses to offset buyback income. Much more logical! However, promoters will face higher effective rates (22% for corporate, 30% for non-corporate promoters).

TCS Relief for Overseas Expenses Sending money abroad for education, medical treatment, or that family vacation? TCS rates have been reduced from 5% to 2%. Less money blocked, better cash flow!

Manpower Services - Clarity at Last! After years of confusion and litigation, it's now crystal clear: TDS on manpower supply services falls under Section 194C at 1-2% (not Section 194J at 10%). If you use staffing agencies, this removes a major compliance headache.

EPF Contributions - Practical Relief A welcome clarification: If you deposit employee PF contributions before your ITR filing due date (even if it's after the 15th of the month), your deduction is safe. This recognizes real-world cash flow challenges and reduces unnecessary litigation.

One-Time Foreign Asset Disclosure For those with undisclosed foreign assets - maybe a dormant student bank account abroad, or ESOPs/RSUs you weren't sure how to report - there's a six-month window (FAST-DS 2026) to come clean with immunity from penalties and prosecution. Plus More...

MAT rate reduced from 15% to 14%
Various customs duty rationalizations

Our Take? This budget is about making life simpler - fewer court battles, clearer rules, and more practical timelines. The changes may not always reduce your tax, but they do reduce confusion and compliance stress.

Have questions about how these impact you specifically? We're here to help you navigate these changes.

03/11/2025

Your Articleship. Your Future. Your Move.

At Shetty & Bhat, we do not hire assistants.

We invest in future Chartered Accountants.

If you want real learning, real responsibility, and a team that believes in your success - this is your opportunity.

Apply now: https://zurl.co/lZ9HL
Email: [email protected]
Phone: +91 9353086325

03/11/2025

Proud moments for Shetty & Bhat ft. CA Swaroop Thingalaya

Some days in practice feel routine.
And then there are days like today that make everything worth it.

Swaroop walked into our firm as a quiet, humble boy and today, he walks out as CA Swaroop Thingalaya, clearing his CA Finals in the first attempt.

What makes this extra special is not just the result but the journey behind it.

Swaroop never had it easy. He didn’t come with privileges or polish.
He came with something rarer - patience, simplicity, and unbelievable grit.

Despite coming from Kannada medium schooling, never once did he complain, never once did he ask for special attention. Instead, he chose to show up every single day with sincerity and a sense of responsibility.

We offer six months leave for CA Final preparation.
Swaroop took only four.
Not because he didn’t need more time but because he didn’t want to leave his responsibilities behind for long.

During his articleship, he didn’t just “finish tasks”.
He owned them. If something went on his table, it was his, wholeheartedly.

Watching him grow has been one of those silent joys, the kind you don’t talk about loudly but feel deeply. Today, our office feels a little emotional, a little proud, and very inspired.

Congratulations, CA Swaroop.
Your success is earned, not given.
And we’re just grateful we got to be a small part of your story.

To every student reading this - Fortune doesn’t always come first.
Resources don’t always come first.
But discipline, humility, and patience?
They build miracles quietly.

04/10/2025

This year has been one of change for us at Shetty & Bhat — a new office space, a new phase, and many new beginnings.

Among them, one moment stood out. For the very first time, we celebrated Navaratri together as a team.

Until now, our people usually missed our Deepavali Pooja because of the holidays. But this time, we wanted everyone to feel part of the celebration. And what better way than Navaratri, a festival that represents creativity, strength, and energy?

We hosted Rangoli and Ramp Walk competitions across four teams. Honestly, with deadlines and work buzzing around, we wondered how many would find the time to participate. But what unfolded was nothing short of inspiring.

The colors, the ideas, the enthusiasm and our office came alive. Every corner reflected a unique spark of creativity. Every smile reflected the joy of togetherness. It truly felt like Devi Maa’s blessing flowed through every design, every step, and every cheerful moment.

This celebration was possible only because each member of our team poured their heart into it, from planning and participation to cheering and capturing memories. You reminded us that work and culture don’t have to be separate; they can beautifully coexist.

We are deeply grateful to all who made this day even more special:
CA Shrinidhi Rao & CA Swetha, for joining us and judging the rangoli competition with such warmth.
Preethi, Kavishma and Sarvamangala, for leading the ramp walk with grace and energy.
CA Nithesh Shetty, for adding creativity behind the lens and judging reels and photography.
CA Nagaraj Bhat, for his wholehearted involvement and support that added to the spirit of the day.

This Navaratri reminded us that when we come together — not just as colleagues, but as one team — magic truly happens. Here’s to carrying this spirit forward, in our work, in our culture, and in our journey together.

09/07/2025

Proud Moments for Shetty & Bhat, Ft Anusha Shetty

We’re delighted to share that Anusha Shetty, who joined us recently as a Tax Executive, has successfully cleared the CA Final exams and now proudly holds the title of Chartered Accountant!

Anusha has become an integral part of the Shetty & Bhat team over the past month. Her sharp focus, unwavering dedication, and commitment to delivering value-driven services — especially in ensuring timely and precise tax compliance for our individual clients — have left a big impact in a short span.

We’re all the more glad that we could celebrate this incredible achievement with her as part of our team. Here’s wishing CA Anusha Shetty a bright and fulfilling journey ahead. We’re happy to have been a pivotal part of her career.

Congratulations once again, CA Anusha!

08/07/2025

Proud Moments for Shetty & Bhat, Ft Bhaskar Poojary

We’re delighted to share that Bhaskar Poojary, who trained with us as an articled assistant, has officially earned the prestigious title of Chartered Accountant! 🎉

Hailing from the small town of Sonda, Sirsi, Bhaskar’s journey has been one of sheer grit and perseverance. Despite a few initial hiccups (and yes, even that moment when he nearly quit 😉), he quickly found his rhythm — managing client engagements with ease and delivering performance that helped the firm grow meaningfully.

We’re proud to have been part of his inspiring journey and to now welcome CA Bhaskar Poojary to the ever-growing Shetty & Bhat alumni family.

Here’s wishing him continued success, bold new opportunities, and many milestones ahead in this exciting chapter.

Congratulations once again, CA Bhaskar! 👏

08/07/2025

Proud Moments for Shetty & Bhat, Ft Sanidhya Punja

We’re delighted to share that Sanidhya Punja, who trained with us as an articled assistant, has officially earned the prestigious title of Chartered Accountant!

From day one, Sanidhya brought dedication and a deep desire to learn — qualities that defined her journey with us. Her commitment on the work front, especially the speed with which she executed client projects was truly exceptional.

We are proud to have played a part in shaping her professional journey and are even prouder to now call her CA Sanidhya Punja.

Wishing her immense success, continuous learning, and many milestones ahead in this exciting chapter.

Congratulations once again, CA Sanidhya!

23/05/2024

As part of our ongoing commitment to regulatory compliance, find here a brief compliance calendar providing a bird's-eye view of upcoming deadlines for various statutory filings and submissions for the financial year 2024-25.

This will help you stay informed about compliance requirements and plan your schedule in advance for FY 2024-25.

23/05/2024

Looking for articled assistants for our office at Udupi. Diversified work in Bank audits, Company audits, Bookkeeping, Tax Advisory and Statutory compliances.

Interested candidates with a desire to learn and excel may apply below.

Shetty & Bhat As a CA Articled Assistant at Shetty & Bhat, you will be an integral part of our team and will receive practical training and exposure t