Articles by CA Umesh Sharma

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Advance Tax June 2026: New Act Checks Before Payment

Posted by CA Umesh Sharma 16 June 2026 302 Views

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

Posted by CA Umesh Sharma 09 June 2026 1856 Views

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!

Posted by CA Umesh Sharma 02 June 2026 3863 Views

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

Posted by CA Umesh Sharma 26 May 2026 440 Views

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

Posted by CA Umesh Sharma 19 May 2026 989 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 469 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 743 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 3810 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 3922 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 1015 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.




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