Articles by CA Umesh Sharma

Which Business Expenses are Allowed and Which are Disallowed while Filing ITR?

Posted by CA Umesh Sharma 11 August 2026 618 Views

Know which business expenses are allowed and disallowed under Income Tax law. Learn about TDS, cash payment limits, depreciation, personal expenses, compliance rules, and common mistakes that can increase tax liability.

Who Must File ITR by 31st August? Find Out Now!

Posted by CA Umesh Sharma 04 August 2026 1331 Views

Discover who needs to file their Income Tax Return (ITR) by the 31st August deadline. Learn about ITR forms 3, 4, and 5 for non-audit businesses and professionals.

ITR Filing Deadline 31st July: Are You Ready?

Posted by CA Umesh Sharma 28 July 2026 571 Views

Don't miss the 31st July ITR deadline for FY 2025-26! Learn about late fees, interest, loss carry-forward, and why timely filing is crucial for salaried taxpayers.

Foreign Income Now in Your AIS: Stay Compliant!

Posted by CA Umesh Sharma 21 July 2026 222 Views

Your foreign income and assets are now visible in your AIS. Learn how to report them correctly and avoid penalties. Stay compliant!

Two Employers, One Tax: Salary Tax Guide

Posted by CA Umesh Sharma 14 July 2026 736 Views

Switching jobs? Earn from two employers? Learn how to manage salary tax, TDS, and Form 12B to avoid penalties. File your ITR correctly.

Salaried Tax Guide: Deductions, Rebates & Zero Tax Limit

Posted by CA Umesh Sharma 07 July 2026 1051 Views

Understand your salaried tax! Learn about standard deductions, Section 87A rebate, zero-tax income limits, and choose the best tax regime for maximum savings.

Salaried Tax Return: Key Changes Before 31st July

Posted by CA Umesh Sharma 30 June 2026 176 Views

Salaried individuals: Understand crucial ITR-1 & ITR-2 changes for AY 2026-27. Choose the right form, claim deductions accurately, and file by 31st July.

Advance Tax June 2026: New Act Checks Before Payment

Posted by CA Umesh Sharma 16 June 2026 231 Views

Prepare for the June 15, 2026, advance tax instalment under the Income Tax Act 2025. Learn key checks and common errors to avoid.

Received a Family Gift? Check the New 'Relative' Definition Under Income Tax Act 2025

Posted by CA Umesh Sharma 09 June 2026 1777 Views

Understand how the Income Tax Act, 2025 redefines "relative" for gift taxation. Learn which family gifts remain tax-free, the inclusion of maternal relatives, HUF provisions, and why gifts from cousins, nephews and nieces may still attract tax.

New E-Way Bill changes that every taxpayer must be aware!

Posted by CA Umesh Sharma 02 June 2026 3845 Views

GSTN introduces major E-Way Bill changes from May 2026, including mandatory Ship To GSTIN details and a voluntary E-Way Bill Closure Facility. Learn the new compliance requirements, benefits and impact on businesses under GST.