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🚨 Big Update for Salaried Professionals! 🚨 If you use mea

June 23, 2026

🚨 Big Update for Salaried Professionals! 🚨 If you use meal cards or food vouchers (like Sodexo/Pluxee) as part of your CTC, there’s some great news for you Under the new Income Tax Rules (2026), the tax-exempt limit for food allowances has been significantly increased. 🔹 What’s changed? Old limit: ₹50 per meal New limit: ₹200 per meal 💡 What does this mean for you? Assuming 2 meals per day over 22 working days: ₹200 × 2 meals = ₹400/day ₹400 × 22 days = ₹8,800/month ₹8,800 × 12 months = ₹1,05,600/year Previously, the annual exemption was capped at ₹26,400. With this update, you can now save taxes on an additional ₹79,200 every year. 👉 If you fall in the 30% tax bracket, this could translate to ₹24,000+ in annual tax savings — a meaningful boost to your take-home income! ✅ A small policy change, but a big win for salaried employees. 😄 But the real question is… what will you do with so much balance in your food coupons? Time to upgrade from chai to full-course meals every day? #IncomeTax #SalaryBenefit #CTC #TAX #FinancialPlanning

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Update

ITR SEASON

June 15, 2026

ITR SEASON

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Update

Filing your Income Tax Return (ITR) is not only a statutory

June 15, 2026

Filing your Income Tax Return (ITR) is not only a statutory obligation for taxpayers with taxable income but is also mandatory in several specified situations under the Income-tax Act, 1961. Whether you are a business owner, professional, salaried individual, investor, or partnership firm, you may be required to file your ITR if your turnover exceeds prescribed limits, your professional receipts cross the threshold, you incur significant foreign travel expenses, pay high electricity bills, maintain substantial bank deposits, own foreign assets, or wish to claim a refund or carry forward losses. Timely filing helps avoid penalties, notices, and compliance issues while ensuring smooth processing of refunds and maintaining a strong financial profile. For expert assistance in Income Tax, GST, Audit, Compliance, and Financial Advisory services, contact M/s. Purvang Doshi & Associates, Chartered Accountants at 6354490042 and ensure your tax obligations are met

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Update

Accounting pro

June 12, 2026

Accounting pro

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Update

Income Tax Due Date Calendar AY 2026-27 | FY 2025-26

May 28, 2026

Income Tax Due Date Calendar AY 2026-27 | FY 2025-26

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Update

🚨 Income Tax Due Date Calendar AY 2026-27 | FY 2025-26 🚨

May 28, 2026

🚨 Income Tax Due Date Calendar AY 2026-27 | FY 2025-26 🚨 Stay compliant and avoid late fees! 📌 Important Income Tax Return due dates for Individuals, Businesses, Companies & Trusts are here. ✅ ITR-1 & ITR-2 Due Date ✅ ITR-3 & ITR-4 Due Date ✅ Audit & Company Return Due Dates ✅ Transfer Pricing Cases ✅ Important compliance notes & disclosures Avoid: ❌ Late filing fees u/s 234F ❌ Interest liability ❌ Loss of carry forward benefits For Income Tax Return Filing, Tax Planning, Audit, GST & Business Compliance services, connect with: 📍 PURVANG DOSHI & ASSOCIATES Chartered Accountants | Mehsana 📞 +91 63544 90042 #IncomeTax #ITR #ITR2026 #TaxFiling #CharteredAccountant #Mehsana #Gujarat #BusinessCompliance #GST #TaxConsultant #Audit #IncomeTaxReturn #CADaily #Finance #PurvangDoshiAssociates

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Update

🚨 Leaving India? Income Tax Compliance Alert (Effective 1 A

April 27, 2026

🚨 Leaving India? Income Tax Compliance Alert (Effective 1 April 2026) If you’re planning to travel abroad, a new compliance requirement may apply: ✔️ PAN holders → File Form 156 online before departure ✔️ Non-PAN / Non-taxable individuals → May need to submit Form 157 manually 📌 Key Details Required: Purpose of travel Duration of stay abroad Declaration of income status Passport details ⚠️ Important: Applicable every time you leave India Non-compliance may lead to issues at airport & penalties 💼 Stay compliant. Travel stress-free. 📞 Contact us for assistance with pre-departure tax compliance.

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Update

A good CA doesn’t just file returns. They: ✔ Save your tax

April 18, 2026

A good CA doesn’t just file returns. They: ✔ Save your tax ✔ Prevent notices ✔ Guide decisions Compliance is not cost— It’s protection.

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Update

Currently working on an Income Tax notice where it is stated

April 18, 2026

Currently working on an Income Tax notice where it is stated that income has “escaped assessment” based on: • Cash deposits in bank 💰 • Turnover reported in GSTR-1 📄 • Turnover reported in GSTR-3B All three figures were treated separately and added together to conclude that income had escaped assessment. But a simple question arises: Are these really different incomes… or the same business turnover appearing in different reports? In many practical cases, bank deposits and GST turnover are already part of the same transactions recorded in books and reported in returns. Technology-driven verification by the department is definitely a welcome step 👍 However, sometimes numbers are compared before they are connected. When figures are linked properly, what appears like “escaped income” often turns out to be “already reported income” 🙂 A small reconciliation between books, GST returns and bank statements can avoid unnecessary notices and save valuable time for both taxpayers and authorities. Hopefully, as systems become smarter, assessments will focus more on understanding transactions rather than just matching numbers 🔍

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Update

How a 500+ People Accounting Outsourcing Firm Was Built We o

November 16, 2025

How a 500+ People Accounting Outsourcing Firm Was Built We often see the success of large offshore accounting firms — big teams, global clients, rapid expansion. But the real story is built slowly, through consistent effort, smart pivots, and long-term thinking. Two CAs grew their firm across the US, UK, and Australia by focusing on one truth: the world has a massive shortage of accountants, and great offshore talent can fill that gap better than anything else. Their growth wasn’t accidental. The UK grew slowly. The US exploded. Referrals became the backbone. Scaling beyond 100 people required structure, strong managers, and a clear organogram. And the biggest battle? Retaining talent in a market where competitors pay 2–3x salaries. They solved it by building their own training academy — turning fresh talent into job-ready professionals in months. Key Lessons Anyone in Outsourcing or Accounting Can Use: Focus on the market that responds fastest — not every market at once. Trust compounds slowly; referrals take time but scale massively. Talent development is the best defence against rising competition. Specialization wins; general services don’t stand out anymore. What takeaway stands out the most to you? Would love to hear your thoughts. #Outsourcing #Accounting #FinanceProfessionals #GlobalTalent #Leadership #ScalingBusinesses

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Update

🚨 Important Income Tax Updates for Jain Religious & Charita

November 12, 2025

🚨 Important Income Tax Updates for Jain Religious & Charitable Trusts 🚨 Recently, in the two-day Shree Shraman Sangoshthi, respected CA Nitinbhai Doshi & Atulkumar Vrajlal Shah shared critical insights on Taxation of Trusts. These points are highly relevant for all Trusts and should be discussed in upcoming meetings. 🔑 Key Takeaways for Trusts: ✅ Restrictions on investment in gold & silver bars (except for use in religious purposes like ornaments). ✅ Updated rules for investments in shares / mutual funds. ✅ Mandatory compliance with DARPAN registration & correct trustee KYC. ✅ Donations above ₹2,000 must not be accepted in cash – cheque/online only. ✅ Strict adherence to TDS provisions – heavy penalties on non-compliance. ✅ Trustees personally liable for wrong or under-reporting of income. ✅ Maintain complete donation & asset records and ensure proper filings. ✅ Opportunities to claim property tax exemptions for temples & religious institutions. ✅ Importance of timely re-registration of 12A/80G to avoid taxation at 30%. ✅ Keep duplicate copies of trust deeds, registrations & property papers safe in multiple locations. 📌 The government & regulatory bodies are keeping a close watch on trusts. Proper compliance will not only safeguard assets but also save crores of rupees for religious & charitable causes.

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