Articles by CA Umesh Sharma

Digital Sikke(Rupee) ......... Ke do(2) Pehlu(sides)

CA Umesh Sharma 16 February 2023 at 15:26

Motive of the government behind the implementation of the digital rupee is to reduce the cash transaction in the system.

Beware of impact for delayed payment to MSMEs and its impact in Income Tax, GST and other laws

CA Umesh Sharma 15 February 2023 at 08:51

There have been a lot of talks about the new provision that the government has proposed to bring for boosting the MSME Sector.

Old Tax Regime or New Tax Regime - Which one is better?

CA Umesh Sharma 13 February 2023 at 16:40

Honourable Finance Minister Mrs Nirmala Sitharaman had declared the Finance Budget of 2023-24 on 01st February in the Lok Sabha. Why there is a lot of discussion going around the Old Tax Regime and New Tax Regime of the Income Tax regime?

Digital Rupee: A new way of online transaction without Bank Account

CA Umesh Sharma 25 January 2023 at 14:37

RBI launched Digital rupee and it is considered as a mean to implement monetary policies to provide stability, control growth, and influence inflation.

Department Holds Chakri of Taxpayers Kite

CA Umesh Sharma 17 January 2023 at 10:54

From children to elderly, everyone was seen having fun flying their Kites. Krishna, how high do you think the Taxpayers' Kite will fly this year?

Headache of HSN Code for GST taxpayers in GSTR-9 for FY 21-22

CA Umesh Sharma 12 December 2022 at 14:20

From FY 2021-22 onwards, it shall be mandatory to report HSN Summary for Outward Supplies in Table 17 at 6 digits for taxpayers having annual turnover in preceding FY above Rs. 5 Cr. and at 4 digits for all B2B supplies for taxpayers having annual turnover in the preceding FY up to Rs. 5 Cr.

Important Due Dates in the Month of December!

CA Umesh Sharma 06 December 2022 at 08:54

This December Month is full of Due Dates which are important from both GST and Income Tax Point of view

What happens when employee leaves the organization?

CA Umesh Sharma 01 December 2022 at 09:06

The article mentions about the havoc going on with IT Companies' employees leaving the organization

Benefit of Extended Time Limit to avail ITC till Nov 30

CA Umesh Sharma 21 November 2022 at 14:04

CBIC issued a notification to extend the time limit for completion of major compliances of previous financial year 21-22 under GST Act till 30th November 2022 or furnishing of the relevant annual return (GSTR-9), whichever is earlier.

Tax Benefits for Children

CA Umesh Sharma 15 November 2022 at 11:59

14th Nov is celebrated as Children's Day on Hon Mr. Pandit Jawaharlal Nehru's birthday. Every parent spends money from their income on the education, development of their children, but are unaware of the taxation benefits which the parents can enjoy, let us discuss it one by one.