Articles by CA Umesh Sharma

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Hamari Aadhuri Kahani. Non receipt of Income Tax Refund!

  CA Umesh Sharmapro badge    16 June 2015 at 11:01

Arjuna (Fictional Character): Income Tax Department has issued Circular No. 09/2015 dated 9th June, 2015 regarding income tax refund. Taxpayer wants Refund of excess of Income Tax paid



School reopens! Unresolved questions of its Fees in Income Tax

  CA Umesh Sharmapro badge    08 June 2015 at 11:21

Karneeti Part 101School reopens! Unresolved questions of its Fees in Income Tax Arjuna (Fictional Character): Krishna, June is here, Schools / colleges soon will reopen. Therefore Parents are busy in their children�s school preparation. Today



100 things of TAX for common man!!

  CA Umesh Sharmapro badge    01 June 2015 at 11:00

Karneeti Part 100100 things of TAX for common man.!!Arjuna (Fictional Character): Krishna, Today �Karneeti� is completing its Century and we will continue it. In these �Karneeti� Articles we have discussed about various taxes



Harsh Penalty for Property Transaction in Cash of Rs. 20,000 or more w.e.f. 1st June, 2015

  CA Umesh Sharmapro badge    25 May 2015 at 10:37

Karneeti Part 90Harsh Penalty for Property Transaction in Cash of Rs. 20,000 or more w.e.f. 1st June, 2015 Arjuna (Fictional Character): Krishna, It is said that black money is used in the transactions of immovable properties. To restrict the use of



Beware of the side effects of TDS on deposits in Co-op banks

  CA Umesh Sharmapro badge    18 May 2015 at 10:36

Karneeti Part 89 Beware of the side effects of TDS on the Interest of Deposits in Co-op. Banks w.e.f 1st June, 2015Arjuna (Fictional Character): Krishna, Income Tax Department has introduced the provision of TDS deduction on the Interest of Fixed Dep



Deduction of expenditure incurred for exempt income if taken will land in trouble

  CA Umesh Sharmapro badge    12 May 2015 at 10:20

Karneeti Part 88Deduction of Expenditure incurred for Exempt IncomeIf taken will land in troubleArjuna (Fictional Character): Krishna, expenditure incurred in relation to exempt income is a controversial issue and matter of discussion in these days.



You generously help in Nepal & Get tax Benefits in India

  CA Umesh Sharmapro badge    05 May 2015 at 10:27

Karneeti Part 87You generously help in Nepal&Get tax Benefits in IndiaArjuna (Fictional Character): Krishna, The whole world has trembled due to the earthquake in Nepal. Due to this earthquake Nepal has suffered terrible financial losses. To come



As my TDS is deducted, no need to file Income Tax Return - A Misunderstanding of Common Man

  CA Umesh Sharmapro badge    27 April 2015 at 10:50

Karneeti Part 86As my TDS is deducted, no need to file Income Tax Return � A Misunderstanding of Common Man.Arjuna (Fictional Character): Krishna, Income Tax Department is sending notices to Taxpayers for not filling Returns of last 3-4 years



New income tax returns and U-turn

  CA Umesh Sharmapro badge    20 April 2015 at 10:30

Karneeti Part 85New Income Tax Returns with data of foreign return, But now again a U-turnArjuna (Fictional Character): Krishna, Financial year 2014-15 is over. Now Income Tax Return will have to be filed for that year. The Department has notified s



Panic due to PAN! If used as an identity proof

  CA Umesh Sharmapro badge    13 April 2015 at 11:03

Karneeti Part 84PANIC due to PAN! If used as an Identity ProofArjuna (Fictional Character): Krishna, Nowadays PAN card is generally used for many things. Finance Minister Mr. Arun Jaitly is insisting the usage of PAN in many financial transactions,