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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



Karniti Part-18: Beware of Stamp duty value of Immovable property

  CA Umesh Sharma    06 January 2014 at 12:51

Beware, Adhere to Stamp duty valuation of Immovable property under Income tax. Arjuna (fictional character): Krishna, It is astonishing that on 1st January Government instead of giving gift of New Year to the taxpayers, it increased Stamp Duty Value



Karniti Part-17: Let's review major 13 tax & law events of 2013

  CA Umesh Sharma    30 December 2013 at 11:31

Lets review 13 major developments in Tax & other laws of 2013Arjuna (fictional character): Krishna, Year 2013 is coming to end and New Year 2014 will begin soon. Time passes so quickly! While discussing various issues on tax laws, we did n



Karniti Part-16: Tax planning for Children is not a child's play

  CA Umesh Sharma    23 December 2013 at 11:16

Income Tax planning for Childrens is not a childs play.Arjuna (fictional character): Dear Krishna, the festival of Christmas is being celebrated all over the world very joyfully. In this festival Santa Clause make exchange of gifts to a



Karniti Part-15: MVAT Audit Some Beliefs and Misbeliefs

  CA Umesh Sharma    17 December 2013 at 11:32

Arjuna (fictional character): Krishna, In Maharashtra State, under Maharashtra Value Added Tax Act, VAT audit in FORM 704 is mandatorily required to be carried out and e-filed before 15th January 2014 for the fin



Karniti Part-14: Why, Carrot to Service tax defaulters and sticks to followers?

  CA Umesh Sharma    10 December 2013 at 17:58

Why, Carrot to Service tax defaulters and sticks to followers? Arjuna (fictional character): O Lord Krishna, Why Honble Finance Minister is promoting the Voluntary Compliance Encouragement Scheme of Service Tax so much? Lord Krishna (fictional



Karniti Part-13: Dear, Pay tax on "House" and Relax at "Home"

  CA Umesh Sharma    03 December 2013 at 11:38

Taxation on Purchase or Sale of House PropertyArjuna(fictional character): O Lord Krishna, food, clothes and house, being the basic necessities of life, hold an important place in human life. But nowadays lot of money is needed to buy or construct a



Karniti Part-12: Income of Trusts, then follow & trust Indian law

  CA Umesh Sharma    26 November 2013 at 11:31

Finance and Income Tax of Charitable TrustsLet us try to get answers to our questions in a bit different and joyful manner. The fictional character of Arjuna will be played by the common man or tax payer and the fictional character of Krishna the Exp



Karniti Part:11 "Sachin" like Retirement & its Financial Planning

  CA Umesh Sharma    18 November 2013 at 12:55

Karniti Part 11 (Sachin Tendulkar Special)Sachin like Retirement and its Financial PlanningKeeping conversation between Lord Krishna and Arjuna as the foundation we will learn certain basic financial and tax matter. Let us try to get an



Karniti Part-10: After Diwali,Take care of health exps & Income Tax

  CA Umesh Sharma    12 November 2013 at 17:54

Medical Expenses and Income Tax Arjuna: Madhava, just now Diwali festival has been celebrated. On the occasion of Diwali, we have discussed how books of accounts to be maintained and if one has to start new business then which tax laws are required