Articles by CA Umesh Sharma

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Know This In Advance Before Paying Advance Tax

  CA Umesh Sharmapro badge    10 June 2025 at 08:42

Confused about Advance Tax and whether you're required to pay it this month? In this fictional yet informative Q&A between Arjuna and Krishna, discover the what, why, and how of Advance Tax for AY 2026–27.



Kabhi Khushi Kabhi Gam - Due Date Extension of ITR

  CA Umesh Sharmapro badge    03 June 2025 at 08:50

The ITR filing due date for small taxpayers has been extended from 31st July to 15th September 2025 due to major changes in ITR forms. Learn from Arjuna-Krishna's dialogue how taxpayers can benefit and prepare for the new deadline.



Save Yourself from Tax Summer Heat by Filing TDS and SFT returns before 31st May

  CA Umesh Sharmapro badge    27 May 2025 at 08:31

Discover why May is a crucial month for taxpayers! Learn about the 31st May 2025 deadlines for TDS return filing and SFT reporting, penalties for non-compliance and how timely tax compliance can protect you from financial heat.



Retirement Planning in VIRAT Style

  CA Umesh Sharmapro badge    20 May 2025 at 08:45

Discover how Virat Kohli's disciplined cricket journey offers six key retirement planning lessons in this engaging Arjuna-Krishna conversation. Start early, stay consistent and secure your future like a true chase master.



Ceasefire between India and Pakistan, but will my portfolio cease to Fall?

  CA Umesh Sharmapro badge    13 May 2025 at 08:37

Explore how geopolitical tensions between India and Pakistan impact the stock market, with fictional characters Arjuna and Krishna discussing past events, market reactions, and investment insights during such crises.



ITR Filing 2025: The Changes in ITR Forms Every Taxpayer Must Know

  CA Umesh Sharmapro badge    06 May 2025 at 08:28

There are some changes in the ITR forms for the AY 2025-26. What should a taxpayer know about these updates compared to AY 2024-25?



Rules are Out: Hope GST Appellate Tribunal Start Soon!

  CA Umesh Sharmapro badge    29 April 2025 at 08:25

Arjuna asks Krishna about the long-awaited GST Appellate Tribunal (GSTAT) and the struggles faced by taxpayers in resolving disputes. Krishna explains the challenges, recent notifications, and the hope for faster, affordable justice through the soon-to-be operational GSTAT.



Getting Late GST Registration? Hope to Get the Same Faster Now

  CA Umesh Sharmapro badge    22 April 2025 at 08:23

Arjuna (Fictional Character): Krishna, I heard that the Central Board of Indirect Taxes & Customs (CBIC) had issued new Instructions related to GST registra



"Tariff" karu kya Uski, Jisne mera portfolio laal kiya hai!

  CA Umesh Sharmapro badge    15 April 2025 at 07:23

On April 2, 2025, President of United States of America Donald Trump imposed reciprocal tariffs at the rate of 34% on China, 27% on India, 20% on the European Union, and 24% on Japan and other countries.



When Rent Crosses Rs 50,000, Even Individuals Become Deductors!

  CA Umesh Sharmapro badge    08 April 2025 at 08:35

A taxpayer, is paying Rs 51,000 per month as rent for his residential flat and is not engaged in any business or profession. Based on these facts, is he required to fulfill any tax deduction obligations (such as TDS) on the rent payments?