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 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


Profession Tax Amnesty Scheme- Pay for 3 Instead of 8 Years

May 15, 2016 18313 Views 6 comments Print

Profession Tax comes in the ambit of Maharashtra Sales Tax Department and is named as Maharashtra State Tax on Profession, Trade, Calling and Employment Act 1975. Every self-employed person has to pay profession tax every year. But due to the lack of knowledge about profession tax, many taxpayers neither follow nor pay profession tax.

New MVAT Dealers be in Discipline from First Year

May 9, 2016 5647 Views 1 comment Print

Sales Tax Department has started new SAP system and has also been introducing various other changes. And now from 1st May 2016 onwards, changes are made in VAT registration form 101, so what are those changes? Due to this what care dealer should take?

Small MVAT Changes but A Big Effect on Small Dealers

May 1, 2016 6247 Views 0 comment Print

Krishna, this year from April 2016 onwards the Maharashtra Sales Tax Departments has brought various small amendments in the VAT system. Because of these changes the small dealers covered under the composition scheme have great responsibility and such changes have a great impact. So what is the impact of such changes?

New MVAT Return System Turning Superfast as IPL Inning

April 24, 2016 7693 Views 0 comment Print

Krishna, From April 2016, Maharashtra Sales Tax Department has introduced new SAP system and brought various changes in VAT returns. Now bill wise details will have to be given for sales and purchase and many more changes are being made. So what is the procedure of filing returns and it’s impact on business?

New Law “Maharashtra Settlement of Arrears in Dispute Act, 2016”

April 18, 2016 3772 Views 0 comment Print

Central Government has introduced various new provisions in the budget to settle tax related old disputes. Following that, the state government also has brought up law to settle the disputes between taxpayer and sales tax department, what is that law?

Sone Ki “Chidiya” ko Tax ki “Bediya”.

April 10, 2016 10678 Views 1 comment Print

Krishna, what is the reason of agitation held by Jewellers across the Country. Why there businesses are closed from so many days? Let us discuss the reason of agitations as well as implication of taxation on gold and effect of the same on businessman and customers.

Movies and Income Tax returns, what’s the similarity?

April 3, 2016 10543 Views 0 comment Print

Arjuna, as per new ITR-1 from, salaried persons have to give details of all assets & liabilities in case of income exceeding Rs. 50 lacs. These details consist of information regarding Land, Building, Cash, Jewellery & Vehicle and Liabilities in relation to these assets. This is a very important change made in ITR-1. These details are also required to be provided in ITR 2, 2A and 3.

Holi & Maharashtra Budget: Cheerful Farmers & Stressful Taxpayers?

March 21, 2016 7813 Views 0 comment Print

Arjuna, there is a very beautiful relation between Black color and Tax Evasion. After the new government has come into force, Respected Finance Minister has given special focus on tax evasion. This means that the person engaged in tax evasion would be colored black.

Builders ko Real Estate Bill ki “Chowkat” nahi to taklif “Chowpat”

March 14, 2016 18358 Views 4 comments Print

Krishna, In India there are more than 76 thousand registered Real Estate Companies. Also, there are lakhs of small builders. To regulate this Real Estate sector, Central Government has passed the Real Estate bill on the 10th of March. Let’s predict how this Real Estate bill may affect Builders and its probable effect on Tax Compliance.

Fair, Lovely & Ugly From Jaitley’s potli

March 7, 2016 5449 Views 2 comments Print

Krishna, Government has announced Budget on 29th February 2016 for the Year 2016-17. On this Various persons expressed their views. As every coin has two sides, likewise Budget 2016 also came up with some good and some bad changes. Tell us which are the Fair, Lovely and Bad provisions which came out of Jaitley’s potily?

Sponsored
Sponsored
Search Post by Date
August 2024
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031