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CA Umesh Sharma

Latest Articles


Best Ways to Use Your Tax Saving

Income Tax : Learn how to smartly allocate your tax savings in 2025—repay loans, invest in mutual funds, boost spending, or explore business ...

February 24, 2025 1425 Views 0 comment Print

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 2277 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 837 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 41703 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 2709 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 9105 Views 5 comments Print


“In “Pitru Paksha” memorizing ancestors & their property taxation.”

November 8, 2022 2112 Views 0 comment Print

Understand the significance of Pitru Paksha and the taxation of ancestral property under the Income Tax Act. Learn how to ensure compliance and enjoy the possession of inherited property.

10 Important New Amendments in GST w.e.f 1st October 2022

November 8, 2022 32295 Views 2 comments Print

Stay informed about the 10 important new amendments in GST from 1st October 2022. Learn about changes in ITC availment, filing of returns, and more.

Income Tax – GST Fataaka Stall – Enjoy it!

November 8, 2022 1323 Views 0 comment Print

Discover the latest Diwali Firecracker Tax stall updates. Find out about the different types of crackers and enjoy the festive season.

Income Tax- Due date extended but keep in mind its effects !

November 8, 2022 4158 Views 0 comment Print

Recently the CBDT has released a notification specifying the extension of due dates of Income Tax Returns and TDS Forms. The following due dates are extended: Income Tax Return – Due date is extended to 07th November 2022(earlier the due date was 31st October 2022.) TDS Form 26Q – Due date is extended to 30th November 2022(earlier due date was 31st October 2022.)

One Nation, One ITR Form, 40 Questions: New Proposal

November 8, 2022 2535 Views 0 comment Print

CBDT has released draft common Income Tax Return Form by merging all the existing returns of income except ITR-7 for all taxpayers barring trusts and non-profit organizations, to which all stakeholders and general public can provide inputs up to December 15.

An Area of Litigation In GST – Actionable Claim (Perspective of Gaming Industry)

November 8, 2022 2577 Views 0 comment Print

Explore the litigation issue of GST on actionable claims in the gaming industry. Learn about the controversy surrounding the imposition of GST on online gaming platforms.

E-Invoicing for turnover exceeding 10 Crore rupees w.e.f. 1/10/2022

September 26, 2022 18921 Views 2 comments Print

CBIC issued Circular No. 17/2022-GST on 1st Aug,2022 specifying mandatory E-invoicing from October 1, 2022 for businesses whose aggregate turnover exceeds Rs 10 crore in any financial year from 2017-18 to 2021-22

A big relief by Supreme Court to taxpayers regarding GST Transitional Credit

September 14, 2022 6834 Views 1 comment Print

TRAN-1 form is required to be filled by taxpayer who is entitled to carry forward Input tax credit from earlier regime to GST regime. TRAN-2 form is required to be filled by taxpayer who has registered for GST but was unregistered under the old regime to claim tax credit on stocks held by them on 30th June, 2017.

Cash transaction and its Income Tax implications

September 5, 2022 13044 Views 0 comment Print

According to section 40A(3) of the Income Tax Act, if payment for any expenditure exceeding Rs.10,000 is made in cash in a day, then the expenditure will be disallowed under the Income Tax Act.

Ganpati bappa please solve Vighnas of taxpayer

August 30, 2022 4854 Views 1 comment Print

The upcoming month of September is the most important month which the Taxpayers should take care of. What are Vighnas that taxpayers might /face during the month of September?

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