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Articles by CA Umesh Sharma

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Higher TDS due to PAN Holder's Negligence

  CA Umesh Sharma    04 December 2023 at 14:22

A lot of TDS Deductors who have filed their TDS returns for the 2nd quarter of FY 2023-24 have received intimations for Defaults in their TDS Return for Quarter 2nd. Why are the TAN holders getting these default notices from Income Tax Department?



Going Public: Learning about IPOs and its Income Tax and Companies Act Provisions

  CA Umesh Sharma    27 November 2023 at 14:13

Tata Technologies IPO has created a buzz in the financial markets. The taxpayers are very eager to know more about the concept of IPO, so please shed light on the same.



GSTN to Notify ITC Reversal for GSTR-3B Non-Filing by Suppliers - Act by 30th Nov

  CA Umesh Sharma    21 November 2023 at 09:05

Now GSTN Will Notify ITC Reversal For GSTR-3B Non-Filing By Suppliers; Reverse It By 30th Nov



Diwali Gifts, Perquisites and Tax Issues

  CA Umesh Sharma    20 November 2023 at 14:44

There are many taxpayers who gain financially by receiving Gifts on various occasions and Diwali is one of them. There is no Tax Exemption for Gift received from third person if value of Gift exceeds Rs. 50,000.



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