Articles by CA Umesh Sharma

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Important things from Income Tax aspect to consider this March ending!

CA Umesh Sharma 22 March 2023 at 06:49

Important tasks of income tax that should be undertaken before this March end has been listed in this article.

Posted in Income Tax | 153 Views

Enjoy the colors of GST and Income Tax in this Holi

CA Umesh Sharma 07 March 2023 at 07:59

Holi is the festival of colours. It signifies the triumph of good over evil. On the occasion of Holi, which colours have the government brought in GST and Income Tax?

Posted in GST | 1 comments | 3060 Views

Impact of Changes in ITR Forms for FY 2022-23!

CA Umesh Sharma 27 February 2023 at 14:16

New ITR forms have been notified by CBDT on 10/02/2023 and 14/02/2023, what is your view on that

Posted in Income Tax | 2 comments | 3525 Views

GST Amnesty Scheme proposed in 49th GST council meeting

CA Umesh Sharma 20 February 2023 at 14:12

GST Council Meeting held on 18th February 2023 recommended various GST amnesty schemes and certain changes in tax rates along with rationalization in Late Fees for Annual return were also proposed.

Posted in GST | 1 comments | 16893 Views

Digital Sikke(Rupee) ......... Ke do(2) Pehlu(sides)

CA Umesh Sharma 16 February 2023 at 15:26

Motive of the government behind the implementation of the digital rupee is to reduce the cash transaction in the system.

Posted in Others | 690 Views

Beware of impact for delayed payment to MSMEs and its impact in Income Tax, GST and other laws

CA Umesh Sharma 15 February 2023 at 08:51

There have been a lot of talks about the new provision that the government has proposed to bring for boosting the MSME Sector.

Posted in Income Tax | 3498 Views

Old Tax Regime or New Tax Regime - Which one is better?

CA Umesh Sharma 13 February 2023 at 16:40

Honourable Finance Minister Mrs Nirmala Sitharaman had declared the Finance Budget of 2023-24 on 01st February in the Lok Sabha. Why there is a lot of discussion going around the Old Tax Regime and New Tax Regime of the Income Tax regime?

Posted in Union Budget | 2 comments | 4884 Views

Digital Rupee: A new way of online transaction without Bank Account

CA Umesh Sharma 25 January 2023 at 14:37

RBI launched Digital rupee and it is considered as a mean to implement monetary policies to provide stability, control growth, and influence inflation.

Posted in Others | 3810 Views

Department Holds Chakri of Taxpayers Kite

CA Umesh Sharma 17 January 2023 at 10:54

From children to elderly, everyone was seen having fun flying their Kites. Krishna, how high do you think the Taxpayers' Kite will fly this year?

Posted in GST | 1722 Views

Headache of HSN Code for GST taxpayers in GSTR-9 for FY 21-22

CA Umesh Sharma 12 December 2022 at 14:20

From FY 2021-22 onwards, it shall be mandatory to report HSN Summary for Outward Supplies in Table 17 at 6 digits for taxpayers having annual turnover in preceding FY above Rs. 5 Cr. and at 4 digits for all B2B supplies for taxpayers having annual turnover in the preceding FY up to Rs. 5 Cr.

Posted in GST | 5 comments | 16839 Views