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CA Umesh Sharma

Latest Articles


2 Residential Houses: Income Tax issue simplified in budget 2025-26?

Income Tax : Budget 2025 has brought significant simplification in the tax treatment of house properties, particularly for self-occupied proper...

February 10, 2025 1923 Views 0 comment Print

Importance of Budget Preparation for Financial Discipline

Finance : Learn how preparing a budget—whether personal, business, or government—ensures financial stability and discipline in daily lif...

January 27, 2025 777 Views 0 comment Print

Important Changes in GST from 16th January 2025

Goods and Services Tax : The recent GST notifications introduce various changes aimed at streamlining compliance and addressing specific sectors. Let’s b...

January 20, 2025 39261 Views 0 comment Print

Gujarat High Court Judgment on GST on Leasehold Rights

Goods and Services Tax : Gujarat High Court rules that the assignment of leasehold rights is not subject to GST, providing relief to taxpayers by clarifyin...

January 14, 2025 2352 Views 0 comment Print

Key Highlights of the 55th GST Council Meeting

Goods and Services Tax : The 55th GST Council Meeting introduced changes in GST rates, compliance mechanisms, and exemptions for businesses, including new ...

December 30, 2024 7356 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 9051 Views 5 comments Print


Try to build a “Financial Gudhi” of Maharashtra in this budget!

March 14, 2018 8319 Views 1 comment Print

Arjuna, Gudhi Padwa means beginning of Marathi new year. In Maharashtra state people build the Gudi in front of their houses with bamboo by decorating it with cloth, flowers, neem leaves, pot, sugar candy and worship it and welcome the New Year. In the taxation, the bamboo means GST as it is the base of Indirect tax system. Our finance minister has tried to build the Gudhi of state through state budget. Let us discuss about that.

Last Chance to File Income Tax Return for year 2015-16 and 2016-17 31st March 2018

February 27, 2018 18732 Views 6 comments Print

Arjuna, the month of March is very important for all Taxpayers. In our Country, the Financial Year April to March is applicable for all Tax Laws. That’s why Books of Accounts are made for the period of April to March. In Budget 2017 Stringent provisions relating to filing of Income Tax Returns have been made.

Importance of 31st January, 2018 for the Share Market!

February 20, 2018 97959 Views 9 comments Print

Arjuna, This year the Budget suggests certain changes relating to Income tax. One of the important changes among that is Long Term Capital Gain on equity shars or equity oriented mutual funds.

“Love”is tax free ?

February 13, 2018 41034 Views 8 comments Print

Valentine’s Day (14th February) is the perfect time to express your love in the most extraordinary way. While expressing love and affection to our beloved ones we carry out certain transaction of give and take, are they taxable?

Special Attention on Health of Senior citizen in Union Budget!

February 5, 2018 1821 Views 1 comment Print

Arjuna, In this year, main focus was on Direct taxes rather than indirect taxes. The government has suggested certain changes in the income tax rate and deductions from the total income. In this budget, the government has focused on deduction provisions in case of senior citizen.

Interstate Transactions more than Rs. 50000? E-Way Bill is Compulsory!

January 24, 2018 69087 Views 12 comments Print

Krishna,now there is fever of E-way Bill in the GST. So, what is the situation of taxpayers at this moment?

Trouble on transporters due to E-Way bill!

January 15, 2018 45537 Views 19 comments Print

E-way bill is an electronic document generated on the GST portal evidencing movement of goods. The nationwide e-way Bill system will be ready to be rolled out on a trial basis latest by 16th January, 2018 i.e, from tomorrow and from the 1st February the implementation of nationwide e-way Bill system for interstate supply will be done on a compulsory basis. Therefore, the Sankrant will come on Consignor, Consignee and transporter.

Kite fight of GST! Enjoy it!

January 9, 2018 2223 Views 0 comment Print

Krishna, the festival of Makar Sankranti has arrived. Small children have started to fly kites. Even the Government is also trying to fly the kite of GST from last six months. So what would you like to tell about that?

Tax Year 2017 – Relax Year 2018

January 2, 2018 3810 Views 0 comment Print

Arjuna, every year government brings various changes in the laws. But in the year 2017 it has bought new laws. In financial laws GST, Real Estate Regulation Act, etc. has been brought. Due to these new laws a large impact is seen and will be seen in the financial world. So today we will discuss on the new laws of 2017 and its impact in 2018.

Christmas of Taxpayers!

December 23, 2017 1815 Views 0 comment Print

Arjuna, Christmas is worldwide celebrated festival. In this festival Santa Claus gives gifts to Everyone. As Santa Claus fulfills the wishes of children by giving them toys, chocolates, etc. Similarly, there are certain wishes of the taxpayers which should be fulfill in the coming year.

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