Articles by CA Umesh Sharma
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Salaried Tax Guide: Deductions, Rebates & Zero Tax Limit
Understand your salaried tax! Learn about standard deductions, Section 87A rebate, zero-tax income limits, and choose the best tax regime for maximum savings.
Salaried Tax Return: Key Changes Before 31st July
Salaried individuals: Understand crucial ITR-1 & ITR-2 changes for AY 2026-27. Choose the right form, claim deductions accurately, and file by 31st July.
Advance Tax June 2026: New Act Checks Before Payment
Prepare for the June 15, 2026, advance tax instalment under the Income Tax Act 2025. Learn key checks and common errors to avoid.
Received a Family Gift? Check the New 'Relative' Definition Under Income Tax Act 2025
Understand how the Income Tax Act, 2025 redefines "relative" for gift taxation. Learn which family gifts remain tax-free, the inclusion of maternal relatives, HUF provisions, and why gifts from cousins, nephews and nieces may still attract tax.
New E-Way Bill changes that every taxpayer must be aware!
GSTN introduces major E-Way Bill changes from May 2026, including mandatory Ship To GSTIN details and a voluntary E-Way Bill Closure Facility. Learn the new compliance requirements, benefits and impact on businesses under GST.
Financial Planning Amidst War Crisis: Expert Advice
Navigate war crisis financial challenges. Learn strategies for inflation, business funding (ECLGS 5.0), tax compliance, and maintaining emergency reserves.
Travel Tax Rules: LTA, TCS & More Explained
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?
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
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
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.
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