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CA Umesh Sharma

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Diwali Gifts, Perquisites and Income Tax Issues

Income Tax : Gifts exceeding Rs.50,000 are taxable for the receiver under Income Tax, except those from relatives or received on marriage. TDS ...

October 20, 2025 15717 Views 2 comments Print

Cleaning & Maintenance of Books of Accounts on the occasion of Diwali!

Finance : Summary of mandatory financial record-keeping periods under the Income Tax Act, GST Law (72  months), and Companies Act (8  ye...

October 13, 2025 23499 Views 1 comment Print

File Your ITR Before 15th September and Avoid Financial Vighnas!!!

Income Tax : Summary: Taxpayers, particularly Individuals and HUFs not required to audit their accounts, must file their Income Tax Returns (IT...

September 1, 2025 909 Views 0 comment Print

Arrival of Lord Ganesh To Remove Taxpayers Vighnas With New GST Reforms!!!

Goods and Services Tax : The 56th GST Council meeting is set for September 2025. The agenda includes rationalizing tax slabs, simplifying compliance, and a...

August 25, 2025 810 Views 0 comment Print

Updated Business Codes in ITR: What Taxpayers Must Know

Income Tax : Learn how new ITR business codes impact tax filing. Key additions include codes for influencers and traders. AI to boost complianc...

July 29, 2025 4995 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 10053 Views 5 comments Print


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

July 15, 2024 3606 Views 0 comment Print

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

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

July 8, 2024 1353 Views 0 comment Print

Understand why your portfolio may not be reflecting record highs in the share market. Learn strategies to navigate market highs and lows effectively.

Most Popular Recommendations from 53rd GST Council Meeting!!

June 24, 2024 1281 Views 0 comment Print

Discover the key recommendations from the 53rd GST Council Meeting held on June 22, 2024, including waiver of interest & penalties, introduction of GSTR 1A, and more.

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

June 17, 2024 1065 Views 0 comment Print

Prepare for the Income Tax Season amidst the rainy season with these essential tips. Ensure timely filing and accuracy in your ITR to avoid penalties. Read more!

Investment Opportunities after Lok Sabha Elections !!

June 11, 2024 1374 Views 0 comment Print

Explore investment opportunities post Lok Sabha elections. Key sectors like economy, infrastructure, railways, and more are promising for informed investment decisions.

Check your Form 26AS Now Before Filing Your ITR

June 3, 2024 2580 Views 0 comment Print

Verify your Form 26AS before filing your ITR for FY 23-24. Ensure accurate TDS and avoid discrepancies for a smooth tax return process.

Importance of Annual Information Statement while filing Income Tax Return!!

May 27, 2024 22314 Views 2 comments Print

Discover the importance of the Annual Information Statement (AIS) for accurate Income Tax Returns and how new real-time feedback functionality benefits taxpayers.

Understanding Mango Taxation: From Farm to Table

May 20, 2024 3495 Views 0 comment Print

Delve into the taxation of mangoes in India, from exemptions for farmers to GST rates for processed products. Learn how taxes impact the beloved summer fruit.

Choose Insurance Wisely for Long Term Security!!!

May 6, 2024 1134 Views 0 comment Print

Learn how to choose the right insurance policy wisely for long-term security. Get insights on factors to consider and make informed decisions.

Beneficial Provisions relating to “Labours” under Income Tax

April 29, 2024 1203 Views 0 comment Print

Discover beneficial provisions under Income Tax for labour and businesses. Learn about exemptions, deductions, and GST implications for labour supply

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