Articles by CA Umesh Sharma

Travel Tax Rules: LTA, TCS & More Explained

Posted by CA Umesh Sharma 19 May 2026 970 Views

Understand travel tax rules for vacations. Learn about LTA exemptions, new TCS rates for international travel, and company-sponsored trip taxes.

TDS Payments: Easier or Tedious Under New Income Tax Act?

Posted by CA Umesh Sharma 12 May 2026 453 Views

Discover if TDS payments are easier or more tedious under the new Income Tax Act 2025. Learn about the Single Challan system and new TDS codes for FY 2026-27.

2025 Act: Pending Litigations Protected Under Old Law

Posted by CA Umesh Sharma 05 May 2026 734 Views

Understand how the 2025 Income Tax Act protects your pending litigations. Appeals filed before April 1, 2026, continue under the 1961 Act.

Importance of 30th April for TDS on payment to Partners

Posted by CA Umesh Sharma 28 April 2026 3802 Views

Understand Section 194T of the Income-tax Act, 1961 for partnership firms, applicability, TDS rates, Rs 20,000 threshold, April 30 deadline and penalties for non-compliance in FY 2025-26.

TDS under IT Act 2025: New Sections, Same Rates, Zero Confusion

Posted by CA Umesh Sharma 21 April 2026 3912 Views

Explore key TDS changes under the Income Tax Act, 2025 effective April 1, 2026. Learn about new sections, forms, and compliance steps for a smooth transition.

Important things to know about New Income Tax Act 2026 Transition

Posted by CA Umesh Sharma 15 April 2026 1007 Views

India's new Income Tax framework from April 1, 2026 simplifies laws with fewer sections, unified forms, and revised timelines. Explore key procedural changes, ITR filing rules and compliance updates taxpayers must know.

Navigating the Tax Act 2025 Transition: Key FAQs

Posted by CA Umesh Sharma 08 April 2026 371 Views

Understand the dual track system for the Income Tax Act 2025. Get answers to FAQs on return filing, advance tax, TDS, losses, and credits for a smooth transition.

Important Things to Remember This March Ending 2026!

Posted by CA Umesh Sharma 01 April 2026 1999 Views

A practical guide for taxpayers before March 31, 2026, covering ITR-U filing, tax-saving investments, TDS/TCS compliance, GST reconciliation and year-end financial checks to ensure a smooth transition into AY 2026-27.