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Umesh Sharma

Latest Posts by Umesh Sharma

What every Salaried person must know before 31st July!

June 29, 2026 4722 Views 0 comment Print

CBDT allows eligible salaried taxpayers with LTCG up to ₹1.25 lakh under section 112A to file ITR-1, simplifying return filing for small investors.

File Your GST Tribunal Appeal against appellate order before 30th June 2026

June 22, 2026 621 Views 0 comment Print

Appeals against GST appellate orders passed before 1 April 2026 must be filed by 30 June 2026. The article explains the filing process, pre-deposit requirements, and key precautions.

June 2026 Advance Tax: Key Checks Under New Income Tax 2025

June 15, 2026 6177 Views 0 comment Print

The article explains what remains unchanged under the new tax law while highlighting critical compliance checks taxpayers should undertake before paying advance tax.

New income tax act 2025 bring new relatives, whose Gifts are tax free?

June 8, 2026 8760 Views 1 comment Print

The Income Tax Act, 2025 expressly includes maternal as well as paternal lineal ascendants and descendants in the definition of relative. The key takeaway is that gifts from maternal grandparents and similar relatives now clearly qualify for tax exemption.

GSTN Introduces Major E-Way Bill Changes Every Taxpayer Must Know

June 1, 2026 732 Views 0 comment Print

GSTN has introduced important changes to strengthen tracking and transparency in goods movement. Businesses must understand the new requirements to avoid compliance risks and penalties.

Rising Inflation & War Crisis Make Financial Planning Crucial for Taxpayers

May 25, 2026 351 Views 0 comment Print

The article explains how rising oil prices, inflation, and economic uncertainty are affecting salaried individuals, farmers, traders, and businesses. It highlights the importance of tax planning, liquidity management, and compliance discipline.

Leave Travel Allowance (LTA) exemption: What Every Taxpayer Should Know

May 18, 2026 1353 Views 0 comment Print

The article explains the tax implications of domestic and international holidays under the Income Tax Act, 2025. It highlights rules relating to Leave Travel Allowance, TCS on overseas travel, and taxation of company-sponsored vacations.

Whether TDS payments are more Tedious or Easy under Income Tax Act 2025

May 11, 2026 906 Views 0 comment Print

The Income Tax Department’s new TDS payment system under the Income Tax Act 2025 allows multiple TDS payments through a single challan. The change reduces repetitive filings, OTP verifications, and compliance hassles for taxpayers.

How Income Tax Act 2025 Protects Pending Litigations of 1961 Act?

May 5, 2026 585 Views 0 comment Print

The new tax law confirms that all pending appeals and proceedings will continue under the old Act, ensuring taxpayers do not restart litigation after 1 April 2026.

Importance of 30th April for TDS on payment to Partners

April 27, 2026 30978 Views 3 comments Print

Section 194T mandates TDS on partner payments with a strict April 30 deadline for March deductions. Missing it can lead to interest and expense disallowance.

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