HENCY R SHAH AND ASSOCIATES

🚀 Gujarat Budget 2026-27: A ₹4.08 Lakh Crore Blueprint for "Viksit Gujarat" The Gujarat Budget 2026-27 was recently presented by Finance Minister Kanu Desai, featuring a record outlay of ₹4.08 lakh crore (a 10.2% increase). It centers on the "GYAN" framework: Garib (Poor), Yuva (Youth), Annadata (Farmers), and Nari (Women). Gujarat has just unveiled its largest-ever budget, and the message is clear: Infrastructure, Innovation, and Inclusion. With no new taxes and a massive 17.5% hike in capital expenditure, the state is positioning itself as the powerhouse of India’s 2047 vision. Whether you are an entrepreneur, a student, or a tech professional, there’s something in here that impacts your roadmap. 🌟 Key Highlights at a Glance: 🏟️ Ahmedabad: The "Olympic-Ready" City The budget allocates ₹1,278 crore to transform Ahmedabad into a world-class sporting hub. With an eye on the 2030 Commonwealth Games and the 2036 Olympics, expect international-standar...

 🚨 BIG UPDATE: PAN Card Rules Overhaul from April 1, 2026! 🚨  🚨 𝗕𝗜𝗚 𝗨𝗣𝗗𝗔𝗧𝗘: 𝗣𝗔𝗡 𝗖𝗮𝗿𝗱 𝗥𝘂𝗹𝗲𝘀 𝗢𝘃𝗲𝗿𝗵𝗮𝘂𝗹 𝗳𝗿𝗼𝗺 𝗔𝗽𝗿𝗶𝗹 𝟭, 𝟮𝟬𝟮𝟲! 🚨 𝘞𝘩𝘢𝘵 𝘊𝘩𝘢𝘯𝘨𝘦𝘴 𝘜𝘯𝘥𝘦𝘳 𝘵𝘩𝘦 𝘐𝘯𝘤𝘰𝘮𝘦 𝘛𝘢𝘹 𝘈𝘤𝘵 2025? From 1 April 2026, PAN reporting rules shift from Rule 114B under the Income Tax Act 1961 to Rule 159 under the Income Tax Act 2025 . This is not cosmetic. It tightens financial traceability . Here is a quick comparison. 𝗘𝘅𝗶𝘀𝘁𝗶𝗻𝗴 𝗙𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 – 𝗥𝘂𝗹𝗲 𝟭𝟭𝟰𝗕 (𝗜𝗧𝗔 𝟭𝟵𝟲𝟭) PAN mandatory for: • Cash deposits above ₹50,000 in a day • Cash payments above ₹50,000 for bank drafts or pay orders • Sale or purchase of immovable property above ₹10 lakh • Credit card payments above ₹1 lakh in cash • Investment in mutual funds , bonds, shares above ₹50,000 • Opening bank or demat accounts Threshold driven. Transaction specific. 𝗣𝗿𝗼𝗽𝗼𝘀𝗲𝗱 𝗙𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 – 𝗥𝘂𝗹𝗲 𝟭𝟱𝟵 (𝗜𝗧𝗔 𝟮𝟬𝟮𝟱) • Wider reporting covera...

𝗕𝘂𝗱𝗴𝗲𝘁 𝟮𝟬𝟮𝟲 𝗦𝗵𝗼𝗰𝗸: 𝗦𝗮𝗺𝗲 𝗦𝗚𝗕, 𝗩𝗲𝗿𝘆 𝗗𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗧𝗮𝘅 𝗢𝘂𝘁𝗰𝗼𝗺𝗲𝘀 ⚖️💰 ₹12 lakh SGB profit. Person A pays ₹𝟬 𝘁𝗮𝘅. Person B pays ₹𝟭.𝟱 𝗹𝗮𝗸𝗵. Yes. Same bond. Same gain. Different tax fate. 𝗪𝗵𝗮𝘁 𝗖𝗵𝗮𝗻𝗴𝗲𝗱? 🔍 Budget 2026 quietly drew a hard line. Originally subscribed SGBs remain 𝘁𝗮𝘅-𝗳𝗿𝗲𝗲 ✅ Secondary market SGBs are now 𝗳𝘂𝗹𝗹𝘆 𝘁𝗮𝘅𝗮𝗯𝗹𝗲 ❌ 𝗥𝗲𝗮𝗹 𝗘𝘅𝗮𝗺𝗽𝗹𝗲 👇 𝘗𝘦𝘳𝘴𝘰𝘯 𝘈 Bought SGB worth ₹6 lakh directly from RBI in 2018 Sold in 2026 for ₹18 lakh Profit ₹12 lakh Tax payable ₹0 𝘗𝘦𝘳𝘴𝘰𝘯 𝘉 Bought the same SGB from NSE in 2020 Sold in 2026 for ₹18 lakh Profit ₹12 lakh Tax payable ₹1,50,000 at 12.5 percent LTCG Difference ₹1.5 lakh. Asset identical. Outcome not. 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗛𝘂𝗿𝘁𝘀 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 🚨 • Many assumed all SGBs were tax-free • Secondary market was faster and easier • Rule change was unexpected • Tax planning just broke for many portfolios 𝗛𝗼𝘄 𝘁𝗼 𝗞𝗻𝗼𝘄 𝗪𝗵𝗲𝗿𝗲 𝗬𝗼𝘂 𝗦...

𝗕𝘂𝗱𝗴𝗲𝘁 𝟮𝟬𝟮𝟲: 𝗗𝗲𝗰𝗼𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗧𝗮𝘅 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗮 𝗩𝗶𝗸𝘀𝗶𝘁 𝗕𝗵𝗮𝗿𝗮𝘁 🇮🇳 The Union Budget 2026-2027 marks a significant shift in India’s fiscal landscape, primarily driven by the transition to the Income Tax Act, 2025 , effective from April 1, 2026. This budget balances aggressive growth with tax simplification and "𝗘𝗮𝘀𝗲 𝗼𝗳 𝗟𝗶𝘃𝗶𝗻𝗴". Here are the critical tax takeaways for professionals, investors, and businesses: 1. 𝘿𝙞𝙧𝙚𝙘𝙩 𝙏𝙖𝙭: 𝙎𝙞𝙢𝙥𝙡𝙞𝙛𝙞𝙘𝙖𝙩𝙞𝙤𝙣 & 𝘾𝙞𝙩𝙞𝙯𝙚𝙣 𝙍𝙚𝙡𝙞𝙚𝙛 📑 The government has introduced measures to make tax compliance smoother for the common man: * 𝘙𝘦𝘥𝘦𝘴𝘪𝘨𝘯𝘦𝘥 𝘊𝘰𝘮𝘱𝘭𝘪𝘢𝘯𝘤𝘦: Forms and rules have been simplified so ordinary citizens can comply without difficulty. * 𝘌𝘹𝘵𝘦𝘯𝘥𝘦𝘥 𝘋𝘦𝘢𝘥𝘭𝘪𝘯𝘦𝘴: Taxpayers now have until March 31 to revise their returns. * 𝘚𝘭𝘢𝘴𝘩𝘦𝘥 𝘛𝘊𝘚 𝘙𝘢𝘵𝘦𝘴: Tax Collection at Source (TCS) on overseas tour pa...