Articles by CA Umesh Sharma

Karniti Part III-Rush hours of E-Filing of Income Tax Audit

CA Umesh Sharma 24 September 2013 at 12:16

KARNITI PART - III Rush hours of E Filing of Income Tax Audit Report Keeping this 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 question

Karniti Part-2: Pay advance income Tax & relax

CA Umesh Sharma 17 September 2013 at 18:05

Keeping 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 w

Karniti Part 1 - Taxation Educational exp. under income tax

CA Umesh Sharma 10 September 2013 at 11:39

In The Mahabharata on the Battlefield of Kurukshetra, the conversation between Lord Shri Krishna and Arjuna gave birth to the Holy book Bhagwat Gita Wherein Arjuna asked many

Let's construct "Tax Structure" for Builders/Developers

CA Umesh Sharma 06 September 2012 at 12:50

The foundation of building named Tax Complex constructed by the Honorable Commissioner of Sales Tax of Maharashtra

Is your MVAT Audit complete?

CA Umesh Sharma 20 January 2012 at 12:45

Why this type of topic? Recently amendment is made in the Section 61 of the Maharashtra Value Added Tax Act, 2002 for levy of Penalty for incomplete audit report. First time in

Taxation of Hawala Transaction Under Vat

CA Umesh Sharma 18 October 2011 at 11:53

Hawala dealers are registered dealers. These dealers do not carry on business, but they provide false bills signed by them. They issue C forms and other requi

A man is known by company - A professional is known by his clients

CA Umesh Sharma 18 October 2011 at 11:53

There are always to side of coin. One side we are accusing the authorities for ramp corruption. But whats the side of business worl

Issues in MVAT Act on the eve of Independence Day

CA Umesh Sharma 16 August 2011 at 19:19

SOME ISSUES IN MVAT ACT, ON THE EVE OF INDEPENDENCE DAY TIME TO ACT TOGETHER BY ALL INDUSTRIES AND TRADE BODIES Wish you all a very Happy Independence Day, the mood in our country is set against the

Lets drive a Car through the roads of Taxation

CA Umesh Sharma 21 June 2010 at 13:10

NANO has generated huge excitement in the automobile world. Every Indian is proud of this product, being the cheapest, smallest and affordable car. Car sales are zooming in India and lot has been written on Cars, Automobile Products

Peer Review documentation-Auditees prespective

CA Umesh Sharma 04 June 2010 at 16:16

Documentation by PU for peer review process The Peer Review Statement does not lay down any requirement for maintaining documents by the practicing unit. However, Standard on Auditing (SA) -230 “Documentation” which is mandatory from 1s