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What if ITR is not Filed before 31st July 2024?

  CA Umesh Sharma    22 July 2024 at 14:05

Due date for filing of Income Tax Return for Individuals is 31st July, but still, many people around the nation have not filed their Income Tax Return. What are the implications of not filing the ITR on time?



Who Should File ITR even when Income is Below Exemption Limit?

  CA Umesh Sharma    16 July 2024 at 08:37

Arjuna (Fictional Character): Krishna, the due date for filing of Income Tax Return for Individuals is 31st July, however still many people around the nation ha..



Share Market at Record High, But my Portfolio is not! Why?

  CA Umesh Sharma    09 July 2024 at 08:41

Sensex has touched a record high of 80,000 this past week. While this seems like a remarkable achievement, many investors are worried as their portfolios are not reflecting these all-time highs? Why such?



7 Wonders of the GST World

  CA Umesh Sharma    01 July 2024 at 08:33

Today 1st July 2024 marks the completion of 7 years from the implementation of GST law in the country. The taxpayers have seen huge revolutions in the indirect tax regime of the country in these 7 years.



Most Popular Recommendations from 53rd GST Council Meeting!

  CA Umesh Sharma    24 June 2024 at 13:29

The 53rd GST Council Meeting was held on 22nd June 2024, wherein the focus was on discussing matters concerning Trade Facilitation & Providing Relief to Taxpayers. Key Recommendations made by the council like waiver of interest & penalty for a specified period & Introduction of GSTR 1A will surely be music to the ears of the taxpayers.



Don't Slip in this Income Tax Cum Rainy Season!!

  CA Umesh Sharma    18 June 2024 at 08:43

Income Tax Forms are now available for filing returns before the due date of 31st July 2024. One should be prompt in tax compliance and shall take proactive steps to ensure his Income Tax return is filed not only within the due date but also all particulars have been duly considered in his return.



Investment Opportunities after Lok Sabha Elections!

  CA Umesh Sharma    10 June 2024 at 14:12

Lok Sabha election results are out. With the uncertainty around the elections now over, what should the common man know before making investment decisions?



Check your Form 26AS Now Before Filing Your ITR

  CA Umesh Sharma    03 June 2024 at 15:44

All the deductors have filed their TDS returns for FY 23-24 by May 31, 2024. Now, what are the responsibilities of deductees before filing their ITR?



Importance of Annual Information Statement while Filing Income Tax Return!

  CA Umesh Sharma    28 May 2024 at 08:39

The CBDT has recently rolled out a new functionality in the AIS that allows taxpayers to view the status of their feedback in real-time.



Aam Toh Aam, Par Kya Hai Guthliyo Pe Daam (Tax)?

  CA Umesh Sharma    21 May 2024 at 08:45

Around 21 million metric tons of mangoes are said to be produced in India in FY 22–23, making it the largest producer of mangoes globally. What is your view on this love story between Indians and mangoes?




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