Easy Office
LCI Learning

Articles by CA Umesh Sharma

avatarView Full Profile

Deduction of expenditure incurred for exempt income if taken will land in trouble

  CA Umesh Sharma    12 May 2015 at 10:20

Karneeti Part 88Deduction of Expenditure incurred for Exempt IncomeIf taken will land in troubleArjuna (Fictional Character): Krishna, expenditure incurred in relation to exempt income is a controversial issue and matter of discussion in these days.



You generously help in Nepal & Get tax Benefits in India

  CA Umesh Sharma    05 May 2015 at 10:27

Karneeti Part 87You generously help in Nepal&Get tax Benefits in IndiaArjuna (Fictional Character): Krishna, The whole world has trembled due to the earthquake in Nepal. Due to this earthquake Nepal has suffered terrible financial losses. To come



As my TDS is deducted, no need to file Income Tax Return - A Misunderstanding of Common Man

  CA Umesh Sharma    27 April 2015 at 10:50

Karneeti Part 86As my TDS is deducted, no need to file Income Tax Return � A Misunderstanding of Common Man.Arjuna (Fictional Character): Krishna, Income Tax Department is sending notices to Taxpayers for not filling Returns of last 3-4 years



New income tax returns and U-turn

  CA Umesh Sharma    20 April 2015 at 10:30

Karneeti Part 85New Income Tax Returns with data of foreign return, But now again a U-turnArjuna (Fictional Character): Krishna, Financial year 2014-15 is over. Now Income Tax Return will have to be filed for that year. The Department has notified s



Panic due to PAN! If used as an identity proof

  CA Umesh Sharma    13 April 2015 at 11:03

Karneeti Part 84PANIC due to PAN! If used as an Identity ProofArjuna (Fictional Character): Krishna, Nowadays PAN card is generally used for many things. Finance Minister Mr. Arun Jaitly is insisting the usage of PAN in many financial transactions,



What's new in MVAT

  CA Umesh Sharma    06 April 2015 at 10:11

Bottom of Form Karneeti Part 83Whats new in MVATArjuna (Fictional Character): Krishna, it is necessary to recall the new changes that have taken place in the MVAT laws from 1st April 2015.Krishna (Fictional Character): Arjuna, ss per the v



Lets plan new financial year

  CA Umesh Sharma    31 March 2015 at 11:06

Karneeti Part 82Lets Plan New Financial Year by following Jai HanumanArjuna (Fictional Character): Krishna, on 4th April, 2015 Hanuman Jayanti will be celebrated. So, if correlation of Hanumanji Chara



How many previous years Income Tax returns can be filed after due date?

  CA Umesh Sharma    27 March 2015 at 10:47

Karneeti Part 81How many previous years Income Tax returns can be filed after due date? Lets remove confusion. Arjuna (Fictional Character): Krishna, just a few days are left for the end of financial year 2014-15. Some lethargic tax pa



Taxpayers follow March end Rule Otherwise you may be an April Fool

  CA Umesh Sharma    16 March 2015 at 10:21

KARNEETI Part 80Taxpayers follow March end RuleOtherwise you may be an April FoolArjuna (Fictional Character): Krishna, the last month of Financial Year 2014-15 March is here. Everyone is in haste due to March end f



Good news, High Court orders to grant MVAT refund as per return where Form 501 not filed

  CA Umesh Sharma    09 March 2015 at 10:25

Karneeti Part 79Good news, High Court orders to grant MVAT refund as per return where Form 501 not filed.Arjuna (Fictional Character): Krishna, Good News!!! Mumbai High Court on 3rd March, 2015 has ordered to assess and grant MVAT refund on the basis