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Articles by CA Umesh Sharma

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Netaji, aap income tax return file karo, to hum tumare saath hai?

  CA Umesh Sharmapro badge    19 July 2016 at 10:37

Arjuna (Fictional Character): Krishna, the Maharashtra Election Commission has cancelled registration of 191 political parties for not filing income tax return ..



"Messi" likes mess up, in tax laws. Avoid it!

  CA Umesh Sharmapro badge    12 July 2016 at 10:46

Arjuna (Fictional Character): Krishna, Football lovers know the missed penalty kick by famous football player Messi and its impact on him. Further he has been p..



Why filing of Income Tax Return before 31st July is Important?

  CA Umesh Sharmapro badge    06 July 2016 at 10:49

Details on who are required to file income tax return before 31st July and what care they should take before filing it



Burden of TCS on sale or purchase in cash?

  CA Umesh Sharmapro badge    28 June 2016 at 10:40

Arjuna (Fictional Character): Krishna, the government has brought the provision of TCS (Tax Collected at Source) on sale of every product or service in income t..



Child worried about education. Parents worried about its taxation

  CA Umesh Sharmapro badge    21 June 2016 at 10:43

Now-a-days it is not clear that whether education has become a business or business has become education. Therefore parents should not go only on the appearance and evaluate the actual conditions and then select the school and college.



Now everyone has to pay 1st installment of advance tax before 15th June!

  CA Umesh Sharmapro badge    14 June 2016 at 11:13

From F.Y 2016-2017 the first installment of advance tax will have to be paid on or before 15th�June and later the remaining in aforesaid 3 installments.



PAN-IC! PAN compulsory on all Sales or Purchase of goods or services above Rs 2 Lac

  CA Umesh Sharmapro badge    07 June 2016 at 10:41

Arjuna(Fictional Character): Krishna, from 1st January 2016 onwards PAN is required to bequoted in sale or purchase transaction exceeding Rs.2 lakh. Which is this hidden income tax provision?Krishna(Fictional Character): Arjuna, Income tax Department



Get ready for the shower of changes in Tax laws from 1st June 2016!

  CA Umesh Sharmapro badge    03 June 2016 at 10:51

Arjuna (Fictional Character): Krishna, this year, the government has brought various changes in income tax, service tax and other tax laws and also has brought scheme for tax payment. It is said that many of such changes will be effective from 1st Ju



Beware: tax evaders take bath in this "Kumbhmela" of income declaration scheme 2016 or else?

  CA Umesh Sharmapro badge    25 May 2016 at 10:43

Arjuna(Fictional Character): Krishna, by taking a holy bath in Kumbhmela, a person purifies himself. Now the Income Tax Departmen



Profession tax enrolment amnesty scheme, pay tax for 3 years instead of 8 years

  CA Umesh Sharmapro badge    17 May 2016 at 10:54

Arjun (Fictional character): Krishna, Profession Tax is also paid by the self-employed person. The Sales Tax Department of Maharashtra has introduced Amnesty Scheme. So what is this scheme all about?Krishna (Fictional character): Arjuna, Profession T