Articles by CA Umesh Sharma

Karniti Part-13: Dear, Pay tax on "House" and Relax at "Home"

CA Umesh Sharma 03 December 2013 at 11:38

Taxation on Purchase or Sale of House PropertyArjuna(fictional character): O Lord Krishna, food, clothes and house, being the basic necessities of life, hold an important place in human life. But nowadays lot of money is needed to buy or construct a

Karniti Part-12: Income of Trusts, then follow & trust Indian law

CA Umesh Sharma 26 November 2013 at 11:31

Finance and Income Tax of Charitable TrustsLet us try to get answers to our questions in a bit different and joyful manner. The fictional character of Arjuna will be played by the common man or tax payer and the fictional character of Krishna the Exp

Karniti Part:11 "Sachin" like Retirement & its Financial Planning

CA Umesh Sharma 18 November 2013 at 12:55

Karniti Part 11 (Sachin Tendulkar Special)Sachin like Retirement and its Financial PlanningKeeping conversation between Lord Krishna and Arjuna as the foundation we will learn certain basic financial and tax matter. Let us try to get an

Karniti Part-10: After Diwali,Take care of health exps & Income Tax

CA Umesh Sharma 12 November 2013 at 17:54

Medical Expenses and Income Tax Arjuna: Madhava, just now Diwali festival has been celebrated. On the occasion of Diwali, we have discussed how books of accounts to be maintained and if one has to start new business then which tax laws are required

Karniti Part9: Starting New Business! Follow the Laws!

CA Umesh Sharma 05 November 2013 at 12:25

Arjuna: Dear Krishna, After Laxmipujan, on Padva, New Year is starting. Many new business ventures and activities are inaugurated on this auspicious occasion. In Diwali festival this day have a great importanc

Karniti Part8: Maint & Workship of Books of Accounts in Diwali

CA Umesh Sharma 31 October 2013 at 12:44

Maintenance of Books of Accounts and their Workship on the eve of Diwali Arjuna: Krishna, the festival of Diwali has arrived. Housewives (Gruhlaxmi) are busy in cleaning and decorating homes. Businessmen are also busy in the market. Accordingly plea

Karniti Part 7: Agricultural Income & some misbeliefs under I.T

CA Umesh Sharma 22 October 2013 at 12:35

Agricultural Income and some beliefs / misbeliefs under Income Tax Keeping the conversation between Lord Krishna and Arjuna in Bhagwat Gita as foundation, we will learn certain basic financial and tax matter. Let us try to get answer

Karniti Part-6: Taxation of Political Parties under Income Tax

CA Umesh Sharma 15 October 2013 at 11:39

Arjuna: Krishna, In India now a days election is the topic of discussion among all. Lord Krishna: Just now all have celebrated Vijayadashmi and Festive season is g

Karniti Part-V: Lets know Female related Income Tax Provisions

CA Umesh Sharma 08 October 2013 at 11:42

Keeping the conversation between Lord Krishna and Arjuna as the foundation, we will learn certain basic financial and tax matter. Let us try

Karniti Part- IV: When a person feel guilty of paying less tax

CA Umesh Sharma 30 September 2013 at 17:42

Keeping the conversation between Lord Krishna and Arjuna as the foundation, we will learn certain basic financial and tax matter. Let us try to get answers to our questions in a bit different and joyful manner. The character of Arjuna will be played