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Shetty & Bhat Chartered Accountants

CA Articleship Series #1 I still remember walking into Shetty & Bhat on my first day, a little early, a little nervous,...
29/08/2026

CA Articleship Series #1

I still remember walking into Shetty & Bhat on my first day, a little early, a little nervous, and completely lost with all the apps and websites on my new laptop. I had no idea what half of them even did. But the seniors did, and somehow they never once made me feel like the new guy who didn't understand anything.

A few months in, those same seniors had turned into people I teased all the time until my first real audit landed on my desk and I froze. No clue where to even begin. That was my "uno reverse" moment. They laughed at me first, then dropped everything to help me figure it out.

Somewhere along the way, I learned that "common sense is not so common" (thank you for that lesson), that audit isn't just about getting the numbers right it's about asking the right questions. I also learned that my first-ever reply to an income tax notice was so bad, my senior said if I actually sent it, the department would send back two more notices just to mess with us.

Then came the season everyone warns you about, ITR filing. Suddenly I was the one handling every client call and query before it got passed on. Some clients were calm and easy-going, others kept us on our toes with messages at 11pm and follow-ups at midnight. That's when all the client jokes of my seniors begin to make sense.

Right after that came audit season, and by then I wasn't the new guy anymore. I was handling work from start to finish, catching things I'd have completely missed a year ago and somehow still laughing through the long days with a team that made it all feel a lot lighter.

If I could go back and talk to Month 1 me, I'd just say that "you're going to mess up, get laughed at, redo work more than once, and still end up loving this more than you thought you would."

Journey's still on. And I wouldn't have it any other way.

— Shaan

This is part of a series where our articles, past and present, share what this journey actually feels like, in their own words. If you're a CA student curious about articleship, stay tuned. More stories coming soon.

15/06/2026

A day full of water rides, laughter, cricket, volleyball, and just the right amount of chaos!

Somewhere between trying to survive the rides and striking our best poses for every camera, we managed to create memories that we'll be talking about for a long time. And of course, little Skanda and Kshivin added their own charm to an already fun-filled day.

The CA Vineet Shetty vs CA Abhishek Shetty cricket and volleyball clash was the perfect way to end the outing. With a team that looked suspiciously stronger on paper, CA Vineet Shetty certainly came prepared! 😆🏏🏐

A fantastic day with great company, lots of laughs, and memories that made every soaked shirt and tired leg worth it.

27/05/2026

Some opportunities give you a job.
Some give you a place to grow, explore ideas, and build a meaningful career.

We’re looking for passionate individuals who are curious, driven, and ready to make an impact. If that sounds like you, one of these roles might be your next step.

• AI & FinTech Intern
• Junior Bookkeeper
• Senior Bookkeeper
• Articled Assistant
• Tax Associate

If you’re ready to learn, contribute, and grow with a forward-thinking team, we’d love to hear from you.

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

Email: [email protected]

Phone: +91 9353086325

11/05/2026

Just another normal day at Shetty and Bhat

Work going on as usual, random office conversations, little fun in between, and an afternoon visit to Kadiyali Temple 🙏

Later after 4 PM, we had our 5th Study Circle Meet 📚

Disha spoke on Tax Implications for Content Creators and connected taxation with today’s digital world from influencers to YouTubers and online creators, making the topic really relatable and interesting.

Harsh*th explained Section 6 – Residential Status in India in a very clear and practical way, helping everyone understand how even a small change in residential status can impact taxation.

Both sessions were engaging, informative, and really well presented.

From learning sessions to random office moments, the day had a little bit of everything.

We’ve been working towards this quietly and now, we’re officially in Mangaluru.We began with a pooja, setting the tone f...
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

Articleship is more than training it is where your professional identity starts to develop.Under the new 2-year structur...
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

Stop thinking like a student. It’s time to start thinking like a professional.Under the new 2-year ICAI scheme, there is...
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

What are the biggest takeaways from the recent Central Budget for taxpayers? Budget 2026: Key Changes Explained Simply W...
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.

Address

First Floor, Mandavi Royal Prince
Udupi
576102

Opening Hours

Monday 9:30am - 6pm
Tuesday 9:30am - 6pm
Wednesday 9:30am - 6pm
Thursday 9:30am - 6pm
Friday 9:30am - 6pm
Saturday 9:30am - 6pm

Telephone

+919538736933

Website

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