Articles by CA Umesh Sharma

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

CA Umesh Sharma 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 Sharma 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 Sharma 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 Sharma 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 Sharma 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

New MVAT Dealers be in Discipline from First Year

CA Umesh Sharma 10 May 2016 at 11:01

Arjun (Fictional character): Krishna, Sales Tax Department has started new SAP system and has also been introducing various other changes. And now from 1st May 2016 onwards, changes are made in VAT reg

Small MVAT changes but a big effect on small dealers

CA Umesh Sharma 04 May 2016 at 10:49

Arjun (Fictional character): Krishna, this year from April 2016 onwards the Maharashtra Sales Tax Departments has brought various small amendments in the VAT system. Because of these changes the small dealers covered under the composition scheme have

New MVAT return system turning superfast as the IPL inning

CA Umesh Sharma 02 May 2016 at 10:33

Arjun (Fictional character): Krishna, From April 2016, Maharashtra Sales Tax Department has introduced new SAP system and brought various changes in VAT returns. Now bill wise details will have to be given for sales and purchase and many more changes

Maharashtra Settlement of Arrears in Dispute Act 2016 a new law

CA Umesh Sharma 18 April 2016 at 16:47

Arjun (Fictional character): Krishna, this year Central Government has introduced various new provisions in the budget to settle tax related old disputes. Following that, the state government also has brought up law to settle the disputes between tax

Sone Ki "Chidiya" ko Tax ki "Bediya"

CA Umesh Sharma 13 April 2016 at 10:39

Arjun (Fictional character): Krishna, what is the reason of agitation held by Jewellers across the Country. Why there businesses are closed from so many days? Let us discu