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Articles by CA Umesh Sharma

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Karniti Part-28: Colors of Income Tax and Taxpayers Holi

  CA Umesh Sharma    18 March 2014 at 11:26

Colors of Income Tax and Taxpayers HoliArjuna (Fictional Character): Krishna on this day of March by making bonfire chilled winters comes to an end. Further in this month being an last month for the financial year 2013-14, taxpayers will have to blen



Karniti part 27: Pay as you earn - Advance Tax

  CA Umesh Sharma    11 March 2014 at 12:15

(March Ending Special Part 2)PAY AS YOU EARN Advance Tax Arjuna (fictional character): Krishna, before 15th March last installment of advance tax will have to be paid. What precautions taxpayers should take? Krishna (fictional character):



Karniti Part 26:1st Step of March end, Prepare Comp. Balance

  CA Umesh Sharma    07 March 2014 at 12:36

(March Ending Special Part 1)Take first feet, Prepare Comparative Balance Sheet Arjuna (fictional character): O Krishna, current Financial year is on verge of ending in the month of March. Government departments due to ma



Karniti Part 25 : Let's Drive Car safely Car from Pot holes on

  CA Umesh Sharma    25 February 2014 at 16:25

Lets Drive Car safely Car from Pot holes on the roads of Income TaxArjuna (fictional character): Recently the Finance Minister cut down the excise duty levied on cars and other vehicles. Now one can purchase new car at lower price. Further, re



Karniti P24: Income Tax Dept "Fielding" for Cricket Players

  CA Umesh Sharma    17 February 2014 at 12:54

Arjuna (fictional character): Krishna, recently players were purchased in crores of rupees for IPL cricket matches. All are crazy about cricket. How income tax is levied on the money re



Karniti Part 23: Is "LOVE" Tax free?

  CA Umesh Sharma    10 February 2014 at 13:01

Arjuna (Fictional character): Krishna, Valentine's Day (14th February) is the festival of love, which is now celebrated worldwide. Love is the essence of life, it holds great importance in the life of a human being. While expressing love and affe



Karniti Part-22: Now CST Forms in PDF format from 1st Feb.

  CA Umesh Sharma    05 February 2014 at 12:35

TAXMANTRA PART 22Now CST Forms in PDF format from 1st Feb. 2014 in Maharashtra State.Arjuna (Fictional Character): Krishna, Now Maharashtra Sales Tax Department will give Central Sales Tax Forms like C, F, E Form online. Why a businessman needs to ta



Karniti Part- 21: Let's Discuss Constitution and Taxation

  CA Umesh Sharma    27 January 2014 at 11:55

On the eve of Indian Republic Day: Lets Discuss Constitution and Taxation Arjuna (Fictional Character): Arjuna, Indians celebrate 26th January as Republic Day. On this auspicious day in the year 1950 The Constitution of India came into force.Krishna



Karniti Part-20: Salary earners now "Dent" in claiming Allowance of "House Rent"

  CA Umesh Sharma    21 January 2014 at 12:34

Salary earners there is now "Dent" in claiming Allowance of "House Rent" Arjuna(Fictional Character): Krishna, all the salaried people might be busy in providing information to their employers for computing income tax, deductions and exemptions from



Karniti Part-19: Kite Fight between Taxpayer & IT Dept

  CA Umesh Sharma    15 January 2014 at 11:01

Arjuna (Fictional Character): Lord Krishna, all are happy and enjoying as two festivals Makar Sankranti and Eid are coming together. Children are busy flying colorful kites in the blue sky. Kites o