CA Umesh Sharma

Discover the parallels between Ganesh Chaturthi and income tax audits. Learn how audits remove uncertainties, boost financial transparency, and pave the way for success....

Discover the legal constraints around cash transactions under India's Income Tax Act. Learn about the various sections that impose limits and penalties on cash dealings....

Discover Mera Bill Mera Adhikar scheme, a GST lottery for taxpayers, rewarding those who demand GST invoices. Learn how to participate and benefit from this initiative....

Understand agriculture income tax rules. Learn about exemptions, deductions, documents required, and taxation on agricultural earnings....

Article explains various types of income that are disclosed under Annual Information Statement (AIS) as instructed by Income Tax Department...

Right now, MSME’s are in a bind, there are lot of suppliers who are not paying MSME’s their dues on time and it's causing MSME’s a ton of stress. Is there any help available from government to MSME’s ?...

Every year, all company taxpayers need to file form MSME-1 by a notification dated 2nd November, 2018 but it holds a huge significance this year as the payments would be disallowed by the Income Act authorities if payment is not made within 45 days....

Financial year 2022-23 is about to end, & new financial year is about to start. How should a taxpayer prepare himself for this year’s march ending?...

Government has introduced a scheme to solve disputes between Maharashtra government and taxpayers. Amnesty Scheme will be called as ‘Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2023’....

Arjuna (Fictional Character): Krishna, Holi is the festival of colors. It signifies the triumph of good over evil. On occasion of Holi, which colors have the government brought in GST and Income Tax? Krishna (Fictional Character): Arjuna, every year, Holi is played with lots of colors and zest. This Holi, the Government has mixed various ...