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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 1671 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 885 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 951 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 699 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 1035 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 8781 Views 5 comments Print


Independence of Trusts, Educational, Charitable Institutions now dependant on their Books of Accounts.

August 17, 2022 2373 Views 0 comment Print

New Rule 17AA for books of accounts and other documents to be kept and maintained by Trusts and other various Institutions.

Taxability of Sale of Developed Plot under GST

August 10, 2022 4206 Views 1 comment Print

sale of land is not taxable under GST, only stamp duty is required to be paid on the sales. However, the transactions are to be properly checked before conducting the tax implications as the amount may include the development charges in these transactions.

What is Change in GST on Renting of Residential Property?

August 1, 2022 14613 Views 0 comment Print

Changes relating to GST rate, in pursuance of recommendations are coming into effect from the 18th of July 2022, CBIC has issued notification no. 5/2022 regarding Reverse Charge on renting of residential dwelling for use as residence to a registered person. Let’s analyse it.

TDS under section 194R on free sample, foreign trips, gifts to effect Doctors & others

July 29, 2022 20367 Views 0 comment Print

Tax will now be deducted under section 194R on free sample, foreign trips, gifts. Doctors and others will be affected.

Mandatory furnishing of correct details in Form GSTR-1, GSTR-3B & GSTR-9

July 29, 2022 3558 Views 0 comment Print

It is now mandatory to furnish Credit & Debit notes, Amendment separately for taxable B2B supply, zero-rated supply/SEZ supply on payment of tax and nil-rate supply, separately.

Points Be Kept in Mind While Paying Advance Tax

July 29, 2022 1527 Views 0 comment Print

If income tax liability of a taxpayer exceeds Rs 10,000 in a financial year, then he is liable to pay such tax in installments as Advance Tax

Attention: ITR Due Date may not be extended, File ITR before 31/07/2022 to avoid Late fees of 1000/5000?

July 29, 2022 8850 Views 0 comment Print

Attention: ITR Due Date may not be extended, File ITR before 31/07/2022 to avoid Late fees of 1000/5000 as applicable under section 234F

Government clarifies 1% TDS on Crypto Currency and NFT

July 29, 2022 3840 Views 0 comment Print

A new section 194S had been introduced in this budget. Recently the Income tax Department has issued a circular regarding the same. What is Virtual Digital Asset (VDA) and what are the details in the circular?

What will be effect of proposed GST change on Food items, grain etc.?

July 28, 2022 1200 Views 0 comment Print

It has been recommended to exclude exemption for pre-packaged and pre-labelled retail pack of food grains, in terms of Legal Metrology, Act.

No GST recovery can be made Forcefully in Investigation

July 28, 2022 1782 Views 0 comment Print

what is the recent Instruction brought by GST Investigation Wing in respect of recovery of tax during search and seizure?

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