Follow Us:

Umesh Sharma

Latest Posts by Umesh Sharma

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

June 8, 2026 6765 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 585 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 255 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 1065 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 774 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 501 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 30765 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.

TDS under Income Tax Act 2025: New Sections, Same Rates, Zero Confusion

April 20, 2026 35850 Views 0 comment Print

The new law reorganizes TDS provisions into simplified sections and forms. The key takeaway is that rates remain unchanged, but compliance requires system updates.

Important things to know about New Income Tax Act 2025 Transition

April 13, 2026 5604 Views 0 comment Print

The new tax framework significantly reduces complexity by cutting sections, rules, and forms. It improves readability through structured drafting and modern presentation.

Great Tax Migration: Bridge Between Income Tax Act 1961 and 2025

April 6, 2026 2511 Views 0 comment Print

The new tax regime introduces a dual-track system from April 2026. Taxpayers must manage compliance under both old and new laws simultaneously.

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930