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Articles by CA Umesh Sharma

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Key Takeaways from Budget for Individual Financial Goals

  CA Umesh Sharma    06 February 2024 at 13:11

Hon'ble Finance Minister Nirmala Sitharaman of our country announced the Interim Budget 2024 on 1st February 2024. Here are the key takeaways for individuals from the budget.



Personal Budget before National Budget

  CA Umesh Sharma    29 January 2024 at 13:29

How is the concept of budget relevant to the individual in personal finance?



GST Appeal Amnesty Scheme Before 31st January 2024

  CA Umesh Sharma    27 January 2024 at 14:34

Under GST Amnesty Scheme, specified GST taxpayers who disagree with a GST tax demand order issued under Section 73 or 74 are eligible for the GST Amnesty Scheme and can file an appeal till January 31, 2024.



How to plan your Expenses?

  CA Umesh Sharma    16 January 2024 at 08:12

Planning your expenses holds significant importance. It forms the base of financial stability and empowerment. By meticulously tracking where every rupee spent, you gain invaluable insights into your spending habits, paving the way for informed decisions that align with your financial goals



How much Income is "Sufficient Income"?

  CA Umesh Sharma    13 January 2024 at 14:30

In this series of "Arthneeti", we will discuss about sufficiency of Income.



What is your Financial Resolution this New Year 2024?

  CA Umesh Sharma    12 January 2024 at 08:52

From this new year we are starting a New Series on "Personal Finance" (Arthneeti) where we will be talking about how to manage your finances in an effective way.



High Court provides relief for GSTR-3B Return Rectification

  CA Umesh Sharma    11 January 2024 at 09:03

Kerala High Court on 8th December 2023, permitted the rectification of mistake in GSTR 3B filed by the petitioner in the Case of Chukkath Krishnan Praveen vs. State of Kerala, where mistakes were made in tax head while claiming ITC.



"Ek ki Karni Dusre ki Bharni" in TDS Defaults due to Inoperative PAN

  CA Umesh Sharma    11 December 2023 at 13:24

The TDS defaults on account of Inoperative PANs have created a lot of issues among taxpayers. What are some major issues faced by them?



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.