Articles by CA Umesh Sharma

Relief for Commission Agents of Agriculture produce Turmeric

CA Umesh Sharma 29 July 2022 at 09:00

Maharashtra appellate Authority for advance ruling for goods and service tax has issued order No. MAH/AAAR/AM-RM/07/2022-23 regarding the taxability of services provided by commission agent in relation to supply of turmeric to traders in APMC.

Cases of Compulsory Scrutiny of Income Tax!

CA Umesh Sharma 28 July 2022 at 17:44

CBDT has provided Guidelines for compulsory selection of returns for Complete Scrutiny for FY 2022-23. Also, procedure for compulsory selection has also been provided in the guidelines provided by CBDT.

No GST recovery can be made Forcefully in Investigation

CA Umesh Sharma 30 May 2022 at 13:28

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

Income Taxpayers Will Face the Heat of Reassessment!

CA Umesh Sharma 09 May 2022 at 12:49

The income tax department had issued notices u/s 148 for reassessment proceedings. CBDT's notification No. 20/2021, dated 31-03-2021extended the last for issuance of notice u/s 148 upto 30.06.2021. The Assesses challenged the validity of such notices in High Courts and relief was granted to Assesses to which Special Leave Petition was filed by CBDT.

Now Agriculture Income Under Strict Scrutiny

CA Umesh Sharma 11 April 2022 at 15:21

CAG has prepared a report on Assessments Relating to Agriculture Income which was presented in the 49th report of the Public Accounts Committee which clearly stated that the rich farmers whose agriculture income exceeds Rs 10 lakh per year limit, will face stricter scrutiny of agricultural income.

Maharashtra Settlement of arrears of Tax, Interest, Penalty, or Late Fees Scheme 2022

CA Umesh Sharma 04 April 2022 at 13:58

The Maharashtra Government has introduced the scheme in the L.A. BILL No. IX of 2022 to settle old disputes. Considering the same, the government has introduced disputes between the Maharashtra government and taxpayers.

Important Things of GST to Remember This March 2022 ending!

CA Umesh Sharma 28 March 2022 at 12:41

The author lists down the points on which the taxpayers need to pay attention at the end of financial year for GST

Maharashtra settlement of arrears of Tax, Interest, Penalty or Late Fees Scheme 2022

CA Umesh Sharma 14 March 2022 at 16:33

Maharashtra Government has introduced various schemes in the Budget to settle old disputes. Considering the same, the government has introduced an scheme to solve disputes between Maharashtra government and taxpayers.

Women related Income tax and financial benefits

CA Umesh Sharma 07 March 2022 at 13:16

Let's discuss the life journey from a girl child to a woman, and what are the rights, Income tax benefits, and other benefits available to women in Indian laws...

Welcome Internal Circular of MH state on GST mismatch issues

CA Umesh Sharma 28 February 2022 at 12:38

Internal circular has been issued by Maharashtra State GST department on 25/02/2022. The circular has been issued to give guidelines with respect to legal issues pertaining to return scrutiny for tax periods 2017-18 and 18-19.