Articles by CA Umesh Sharma

All Taxpayers please note new changes in the Income Tax Return

CA Umesh Sharma 30 June 2014 at 12:58

Arjuna (Fictional Character): Krishna, June Month is coming to end. Now, it's time to file Income Tax Returns for the year 2013-14. The due date for filing the income tax returns is 30th S

Be Alert! Companies watch out provisions of loans & deposits or else have repay it!

CA Umesh Sharma 25 June 2014 at 12:37

Arjuna (Fictional Character): Krishna, many companies are worried, as they will have to submit new return about deposits and loans before 30th June 2014, as stated

Karniti Part-41: Taxation of Gold

CA Umesh Sharma 17 June 2014 at 12:47

Arjuna (Fictional Character): Krishna,. Recently lot of gold is found in the world famous temple of Phadmanabhan of Kerela. Old is gold; as well gold is old mean of investment. Many other types of precious metal, stones are there bu

Karniti Part-40: State Budget: Relief in MVAT up to Rs. 10 Lakh but No relief for refund & LBT

CA Umesh Sharma 10 June 2014 at 12:05

Arjuna (Fictional Character): Krishna, on 5th June 2014, Deputy Chief Minister and Finance Minister of Maharashtra State presented the finance budget for the year 2014-1

Karniti Part-39: Now You Can Create Modiji Like One Person Company

CA Umesh Sharma 03 June 2014 at 16:26

Arjuna (Fictional Character): Krishna, Recently one person has shown that nothing is Impossible and created history, that person is Current Prime Minister of India Mr. Narendra Modi

Karniti Part-38: Make Changes in MVAT, to please businessmen Voters

CA Umesh Sharma 29 May 2014 at 16:58

Arjuna (Fictional Character): Krishna, recently voters expressed their strong willingness for change and changed Central Government. Voters and Taxpayers have many expectations from the elected Govern

Karniti Part-37: Importance of Making a "Will" & its Tax effect

CA Umesh Sharma 20 May 2014 at 11:29

Arjuna (Fictional Character): Krishna, What is Will?Krishna (Fictional Character): Arjuna, Today separated families are increasing. In this era all are running behind money. Therefore wherever there is wealth, problem arises. The life o

Karniti Part- 36: What is "HUF" (Hindu Undivided Family)?

CA Umesh Sharma 12 May 2014 at 11:13

Arjuna (Fictional Character): Krishna, What is mean by HUF Hindu Undivided Family under Income Tax Act?Krishna (Fictional Character): Arjuna, Generally in India mother, father, son and

Karniti Part-35: Enjoyed Service Tax VCES: Now face the Music?

CA Umesh Sharma 10 May 2014 at 12:30

Arjuna (Fictional Character): Krishna, in the year 2013-14 government has given an opportunity to service tax evaders for paying service tax through Voluntary Compliance Encouragement Scheme. In this schem

Karniti Part-34: Controversies between MVAT Department & Builders

CA Umesh Sharma 28 April 2014 at 12:02

Controversies between MVAT Department and Builders.Arjuna (Fictional Character): Krishna, in this period of recession builders are very tensed and disturbed. After the decision of Honorable Supreme Court, it seems that Maharashtra VAT department incr