Articles by CA Umesh Sharma

The Great Tax Migration: Bridge Between IT Act 1961 and IT Act 2025

Posted by CA Umesh Sharma 08 April 2026 363 Views

Income Tax Act, 2025 transition explained: Key FAQs on dual compliance, TDS rules, loss carry forward, MAT credits, and taxpayer action plan from April 1, 2026....

Important Things to Remember This March Ending 2026!

Posted by CA Umesh Sharma 01 April 2026 1993 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.

New Income Tax Rules 2026 Notified: Every Taxpayer Must Know

Posted by CA Umesh Sharma 24 March 2026 1934 Views

Income Tax Rules 2026 explained through Arjuna-Krishna dialogue: key changes, new Tax Year concept, HRA benefits, revised allowances, forms and Digital Rupee impact.

The Corporate Gudi: Opportunity to File Pending ROC Forms

Posted by CA Umesh Sharma 17 March 2026 1229 Views

Learn about the Companies Compliance Facilitation Scheme 2026 (CCFS-2026), allowing companies to clear pending MCA filings with reduced fees and avoid heavy penalties from April 15 to July 15, 2026.

9 Key Highlights of Maharashtra State Budget 2026-27

Posted by CA Umesh Sharma 10 March 2026 470 Views

A simple breakdown of the Maharashtra State Budget 2026–27 presented by Devendra Fadnavis, covering welfare schemes, infrastructure spending, farmer relief, EV incentives, rural development and key takeaways for businesses and citizens.

Tax ki Holi - Kuch Rang Khushi ke, Kuch Savdhani ke!

Posted by CA Umesh Sharma 03 March 2026 899 Views

Budget 2026 tax changes explained through a Holi-themed dialogue between Arjuna and Krishna. Explore MSME benefits, PAN-based TDS reforms, tax audit penalties, GST interest relief and new ITC flexibility in GSTR-3B in a simple and engaging format.

TDS and TCS: The New Shields and Arrows of the Taxpayer

Posted by CA Umesh Sharma 17 February 2026 3155 Views

Union Budget 2026 proposes major TDS and TCS reforms under the new Income Tax Act 2025. From PAN-based property TDS and digital certificates to TCS rationalisation and LRS relief, here's a complete breakdown of taxpayer “shields” and compliance "arrows."

26 Important Income Tax Proposals in Union Budget 2026

Posted by CA Umesh Sharma 03 February 2026 1438 Views

Union Budget 2026 explained through an Arjuna-Krishna dialogue. Key highlights include the new Income Tax Act, 2025, 26 major tax proposals, compliance simplification, reduced penalties, and major taxpayer-friendly reforms effective from 1st April 2026.

Taxpayer's Parade: The Weapons of the Tax Authorities

Posted by CA Umesh Sharma 29 January 2026 74 Views

A Republic Day-themed Arjuna-Krishna dialogue explaining the powerful "weapons" of Income Tax and GST departments under the New Income Tax Act 2025 and evolving GST compliance framework.

GST and Income Tax Resolutions for Taxpayers in 2026

Posted by CA Umesh Sharma 20 January 2026 1803 Views

As 2026 begins, taxpayers must strengthen GST and Income Tax compliance. Through a dialogue between Arjuna and Krishna, this article outlines practical New Year resolutions to avoid errors, penalties and ensure smooth tax compliance.