Articles by CA Umesh Sharma

Fataka Stall of Taxation Department!

CA Umesh Sharma 07 November 2023 at 10:26

The article enlightens us on how the sparkling provisions of the Companies Act, GST and Income Tax reflect the diverse array of Diwali firecrackers, with each having its distinct influence on taxpayers lives.

Cleaning of Books of Accounts and their Worship on the eve of Diwali!

CA Umesh Sharma 30 October 2023 at 14:22

The article will guide us on how to handle old financial records under the various Acts. This will help businesses declutter.

Staying Not Out in the Game of Taxes: World Cup Special!

CA Umesh Sharma 16 October 2023 at 14:21

As the Cricket World Cup is ongoing, players are under the spotlight for their performance and earnings. How do these players navigate the complexities of the Income Tax Department to ensure they're not stumped financially?

Nine Navratri Days, Nine GST Recommendations

CA Umesh Sharma 11 October 2023 at 08:46

Drawing from the spirit of 9 days of Navratri, where each day is a step towards enlightenment and prosperity, here are the 9 pivotal recommendations of the GST Council

From "GruhLaxmi" to "Mahalaxmi"

CA Umesh Sharma 25 September 2023 at 13:59

With the Indian Government's recent move to allot 33.33% reservation for women in Parliament and also the festival of Mahalaxmi is being celebrated, are there any new financial advantages or tax benefits that women should be aware of?

Beware of Cash Transaction under Income Tax Act

CA Umesh Sharma 12 September 2023 at 09:00

Some important provisions under Income Tax Act relating to cash transactions

Less "Raksha" and More "Bandhan" on ITC to the Recipient in GST

CA Umesh Sharma 28 August 2023 at 13:07

The festival of Raksha Bandhan is around the corner, but there are many bandhans on recipient for availing ITC. How should a taxpayer take Raksha from these bandhans

What are the 10 points to remember for Agriculture Income?

CA Umesh Sharma 21 August 2023 at 13:50

Lately we have seen serious hike in the prices of tomatoes and other farm produces. What about the Income tax on sale of tomatoes? What exactly is included in the agricultural activities?

10 Things to remember for E-Invoicing

CA Umesh Sharma 07 August 2023 at 15:32

E-invoicing is now mandatory w.e.f 01/08/2023 for all the suppliers, whose aggregate turnover in any of the previous FY starting from 2017-18 exceeds 5 crore. And if the taxpayers whose aggregate turnover exceeds 5 crore in current FY then for them E-invoicing will be applicable from next Financial year.

Incomes which are now reported in AIS for Individuals

CA Umesh Sharma 05 June 2023 at 14:36

The Income Tax Department has announced the roll-out of a statement namely Annual Information Statement (AIS) which would provide you with almost all details about your financial transactions during the year.