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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 2403 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 975 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 993 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 711 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 1074 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 8853 Views 5 comments Print


How to trade in Inter-dependency of GST?

May 1, 2017 4227 Views 2 comments Print

Krishna, the biggest change in the indirect tax law i.e. GST may be implemented from 1 July 2017. This law will be applicable to all, right from Large businesses to small traders. How will trading be done under GST?

GST Special: Major differences Between Service Tax and GST

April 23, 2017 30012 Views 0 comment Print

The Government is trying its best to bring into effect the GST Law on 1st July 2017. Seeing at the close encounters during the current IPL, tell me what will happen if a match is to be played between GST and Service tax?

GST Special – Major differences in laws of VAT and GST

April 17, 2017 6222 Views 1 comment Print

Krishna, Honorable President of India has given ascent to the GST and so it seems that GST will come into force from 1st July 2017 and the landmark is set for further steps. Presently VAT is applicable to all the business dealers and now GST will be levied, so please explain the difference between VAT and GST?

Navmi i.e Nine major changes in the New income-tax returns

April 3, 2017 55488 Views 20 comments Print

Income Tax department has introduced the new forms for filing the income tax Returns in the financial year 2016-17. The question is, what changes have they made in these forms?

Let’s build the Gudi of Income tax in new Financial year

March 27, 2017 2781 Views 2 comments Print

Tomorrow is the festival of Gudi Padwa i.e start of New Year. And it’s the last week of financial year 2017. New financial year will be starting from 1st April. According to budget, what are the changes made in income tax which will be applicable from new financial year and which will increase the prosperity of tax payers?

Holi of GST in four colours. Enjoy It!

March 12, 2017 20667 Views 2 comments Print

Krishna, In India, the colourful festival of holi is celebrated with lots of joy and excitement. Children are waiting for this festival eagerly. So is the finance world waiting for GST. Let’s discuss about these beautiful and knowledgeable topic GST and Holi .

“Arey O… Samba Benami Property Par Kitna Inam Rakhe hai Sarkar?”

March 5, 2017 3300 Views 2 comments Print

Modi government has brought in hard provisions for the persons having benami property and for tax evaders. There was a reward in the movie, Sholey for catching Gabbar Singh, so now, will the government be able to catch the benamidar and confiscate the benami property? And how will it be possible?

Clash of Cash Part 2- Now its turn of tax officers

February 28, 2017 2676 Views 0 comment Print

Krishna, After demonetization of currency, government has sent notices to tax payers. It is said that there are certain rights given to Income Tax officers to verify the answers of notices and to conduct further inspection. what are they?

Clash of Cash: 7 Questions by Tax Officer v/s Cash Depositor

February 5, 2017 12555 Views 1 comment Print

Krishna, after 1st February 2017 the Income tax Department is sending tax notices to the taxpayers through e-mails and SMS. How taxpayers will reply to these notices and why are these notices sent to persons who have deposited cash in bank accounts, please explain in detail.

The Jallikattu of Union Budget

January 29, 2017 7833 Views 0 comment Print

Finance Minister Mr. Arun Jetley will be declaring the Finance Budget of 2017-18 on 1st February in the Loksabha. Every citizen of this country is curiously waiting for the Budget. The Budget has to face the problems like Elections, Demonetarization of currency etc. while it is presented.

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