Sponsored
    Follow Us:

CA Umesh Sharma

Latest Articles


Who Should File ITR even when Income is Below Tax Exemption Limit?

Income Tax : Discover who must file an ITR even with income below the exemption limit. Understand key scenarios and benefits to stay compliant ...

July 15, 2024 1674 Views 0 comment Print

Share Market at Record High, But my Portfolio is not ! Why !?

Finance : Understand why your portfolio may not be reflecting record highs in the share market. Learn strategies to navigate market highs an...

July 8, 2024 885 Views 0 comment Print

Most Popular Recommendations from 53rd GST Council Meeting!!

Goods and Services Tax : Discover the key recommendations from the 53rd GST Council Meeting held on June 22, 2024, including waiver of interest & penalties...

June 24, 2024 951 Views 0 comment Print

Don’t Slip in this Income Tax Cum Rainy Season!!

Income Tax : Prepare for the Income Tax Season amidst the rainy season with these essential tips. Ensure timely filing and accuracy in your ITR...

June 17, 2024 699 Views 0 comment Print

Investment Opportunities after Lok Sabha Elections !!

Finance : Explore investment opportunities post Lok Sabha elections. Key sectors like economy, infrastructure, railways, and more are promis...

June 11, 2024 1035 Views 0 comment Print


Latest Judiciary


What MSME should do for recovery of their Delayed Payments?

Corporate Law : 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...

May 8, 2023 8781 Views 5 comments Print


FY is ending on 31st March – Know what is CORONA relief

March 31, 2020 3528 Views 2 comments Print

Krishna, The government, considering the sufferings of businessmen throughout the country due to CORONA , has provided relief amidst such outbreak. What is the relief provided?

57 Technical Glitches and Issues of GSTN

March 31, 2020 22188 Views 8 comments Print

In this article I have tried to compile some major technical glitches, errors, issues in GSTN. Hope few of them may be the reason why Mr. Nielkani was called for and to resolve them in time.

What relief taxpayers & professionals expect from Govt in Corona Virus Crisis

March 23, 2020 2550 Views 0 comment Print

COVID-19 virus is indeed a big epidemic. But 31st March also a very important deadline which cannot be ignored at all. Inspite of the widespread of the Corona Virus, the government has not yet extended the due dates for tasks which are to be wrapped up before 31st March 2020.

15 Important points for taxpayers to do before 31st March 2020

March 19, 2020 23271 Views 3 comments Print

The taxpayers have to take care to follow all the Tax laws at year end and has to maintain his books of accounts. Tax planning in advance will be more beneficial; if it is delayed then taxpayer may get trapped. For a taxpayer, the March 31 deadline remains same as all tax related tasks need to be completed by then. Let’s learn about some tax-related matters to attend to now so that they can be wrapped up by March 31, 2020.

Latthmar Holi of GST!! &, Floral Holi of Income tax

March 8, 2020 6099 Views 0 comment Print

This year the tax department is also ready to play different types of holi with the taxpayers, of which the Income Tax department will be playing the Floral holi (Foolonki holi) and the GST department will be playing Latthmar Holi. Lets discuss about it in detail.

Stumping Out! Taxpayer, if March ending work not carried out timely

March 8, 2020 14791 Views 2 comments Print

Krishna, Currently the T-20 Cricket World Cup is on. Dhoni’s stumping in the India v/s Bangladesh match is all over the news. The Financial Year’s end, i.e. March end has arrived. Keeping this in mind, what should the taxpayers do, so that he will not get stumped?

Foreign Travel and its TCS under Income tax w.e.f. 01.04.2020?

March 4, 2020 44271 Views 7 comments Print

In the Union Budget 2020 it is proposed to widen the provisions for levy of TCS (Tax Collected at Source).  The foreign tour operator will be liable to collect tax (TCS) u/s 206C (1G) from the passenger of such tour package @5% (@10% if PAN/Aadhar of passenger is not available) over and above the cost of his tour package.

How many previous years Income Tax returns can be filed after due date?

March 4, 2020 350252 Views 176 comments Print

Krishna, just a few days are left for the end of due date of filing returns for financial year 2018-19 i.e AY 2019-20 . Some lethargic tax payers are in hurry for filing their Income tax return for Financial Year 2018-19, but the due date of filing the return is July or September. How many previous years’ Income Tax returns can be filed?

Beware! No Entry for ‘’False Entry’’ in Income Tax and GST!

February 24, 2020 23835 Views 1 comment Print

Arjun (Fictional Character): Krishna, several cases of fraudulent claim input tax credit (ITC) have been caught by the GST authorities. Considering the same, in Union Budget 2020 it has been proposed to take massive steps to curb issuance of fake invoice. So, what are they? Krishna (Fictional Character): Arjuna, to curb issuance of fake invoices, […]

Small House Big Tax Benefit

February 24, 2020 9447 Views 1 comment Print

Krishna, Government of India has taken a major step towards ensuring that people get their own house by introducing Pradhan Mantri Awaas Yojna and changes have been made in Tax laws also. Please tell me elaborately regarding this.

Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031