About the Author

Written by CA. Vishal Mehta

CA. Vishal Mehta is a Chartered Accountant specializing in accounting compliance, GST advisory, and business process optimization. He has assisted businesses in transitioning to structured accounting and inventory systems. His articles focus on accuracy, compliance, and sustainable business growth.

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Section 270A Penalties Explained: When 50% and 200% Income Tax Penalties Apply

By CA. Vishal Mehta   |   16-04-2026 11:30:00

Section 270A Penalties Explained: When 50% and 200% Income Tax Penalties Apply

In 2026, income tax compliance is no longer just about filing returns—it’s about accuracy, transparency, and accountability. With advanced data matching, AIS (Annual Information Statement), and stricter scrutiny by the Income Tax Department, even small mismatches can trigger serious consequences. One of the most important provisions taxpayers must understand today is Section 270A, which deals with penalties for under-reporting and misreporting of income. The stakes are high: a mistake can co Read More

Option of Examination Centre Selection by the candidates for May 2026 Chartered Accountants Examinations

By CA. Vishal Mehta   |   05-03-2026 13:40:00

In Continuation to the earlier announcement no. 13-CA (Exam)/May/2026 dated 12th December, 2025 regarding Final/Intermediate/Foundation Examinations to be held in May 2026, it is hereby informed that unlike previous examinations where students selected only a zone or city, the online application form for May-2026 CA examinations will now provide the option to select the preferred exam centre in zone/city directly. Read More

Result declaration of Intermediate and Foundation Examinations held in the month of January 2026.

By CA. Vishal Mehta   |   05-03-2026 12:40:00

The results of the Chartered Accountants Intermediate and Foundation Examination held in January 2026 is likely to be declared by the afternoon of 8th March 2026 and the same can be accessed by candidates on the website icai.nic.in. Read More

Finance Bill 2026 Explained? Why It Matters More Than the Budget Speech

By CA. Vishal Mehta   |   02-02-2026 13:00:00

Finance Bill 2026 Explained? Why It Matters More Than the Budget Speech

The Union Budget speech captures headlines, but the real legal impact of any Budget lies in the Finance Bill. While the speech outlines intent, vision, and political priorities, it is the Finance Bill that actually amends tax laws, introduces new compliance obligations, and alters taxpayer rights and liabilities. For professionals, businesses, and individual taxpayers alike, understanding the Finance Bill is far more important than merely following the Budget highlights. Read More

Budget 2026 Income Tax Changes Explained: What Really Changes for Taxpayers in FY 2026–27

By CA. Vishal Mehta   |   02-02-2026 12:00:00

Budget 2026 Income Tax Changes Explained: What Really Changes for Taxpayers in FY 2026–27

Union Budget 2026 may appear calm on the surface, with no dramatic tax slab announcements or headline-grabbing exemptions. However, this calm hides a structural shift in India’s income tax system. Through the Finance Bill, 2026, the government has moved decisively towards certainty, compliance discipline, and predictable enforcement. For taxpayers, FY 2026–27 will be defined not by how much tax is paid, but by how accurately and transparently it is reported. Read More

60 LPA Opening Finance CA Head of Finance fund raising due diligence

By CA. Vishal Mehta   |   29-12-2025 14:00:00

Experience: 10 - 20 years, Salary: 35-60 Lacs P.A., Role: Chief Financial Officer (CFO) Read More

Tally Prime 7.0 Upgrade – Latest Innovations, Business Automation & What Users Can Expect Next

By CA. Vishal Mehta   |   08-12-2025 10:59:00

Tally Prime has evolved into one of India’s most trusted business management solutions, empowering companies to manage accounting, GST, payroll, inventory, and compliance with ease. As the business landscape becomes more digital, users increasingly expect faster performance, smarter automation, and seamless integrations. The upcoming Tally Prime 7.0 upgrade is widely anticipated because it promises to redefine user experience with new capabilities designed for modern businesses. Read More

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