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Articles by CA Umesh Sharma

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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 1422 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 70 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 1791 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.



Kite fight between Taxpayer and Department

Posted by CA Umesh Sharma 13 January 2026 464 Views

A thought-provoking fictional dialogue between Arjuna and Krishna using Makar Sankranti kite-flying metaphors to explain GST technology controls, GST 2.0, MSME reforms, and Income Tax compliance, highlighting why taxpayers must fly high but within the law.



Gold and Silver Taxation: Understanding the Shine

Posted by CA Umesh Sharma 06 January 2026 670 Views

Arjuna (Fictional Character): Krishna, gold and silver prices are rising day by day. Indian families traditionally invest in gold for security, weddings, and sa...



25 Major Tax and GST Reforms in 2025: A Year of Change

Posted by CA Umesh Sharma 30 December 2025 832 Views

Discover the key tax and GST updates of 2025 explained through a conversation between Arjuna and Krishna. Learn how GST reforms, income tax changes, TDS/TCS updates, and compliance simplifications impact taxpayers and businesses. Stay informed to maximize benefits and avoid penalties.



Christmas Cheer with Year-End Tax Compliance

Posted by CA Umesh Sharma 23 December 2025 235 Views

Why is 31st December crucial for tax compliance? Through a fictional Arjuna-Krishna dialogue, understand the importance of timely ITR and GSTR-9/GSTR-9C filings, refunds, penalties, and year-end tax planning.



Relaxation in Small Company Criteria - A Boost for Small Businesses

Posted by CA Umesh Sharma 16 December 2025 1145 Views

MCA revises small company criteria from 1 December 2025, raising capital and turnover limits. Learn key changes, benefits, and compliance relief explained through a Krishna-Arjuna dialogue.



Locking of GSTR-3B return under GST!

Posted by CA Umesh Sharma 09 December 2025 3187 Views

Learn why Table 3.2 of GSTR-3B is becoming non-editable from Nov 2025, the deferred timeline, auto-population from GSTR-1/1A, and how it impacts GST compliance....




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