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Articles by CA Umesh Sharma

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Old Fights, New Rules: How the 2025 Act Protects Pending Litigations

  CA Umesh Sharma    05 May 2026 at 08:56

Understand how pending tax appeals, searches, and revision proceedings are handled under the new Income Tax Act, 2025. Learn why taxpayers don't need to restart litigation and how continuity under the 1961 Act is preserved for past assessment years.



Importance of 30th April for TDS on payment to Partners

  CA Umesh Sharma    28 April 2026 at 09:09

Understand Section 194T of the Income-tax Act, 1961 for partnership firms, applicability, TDS rates, Rs 20,000 threshold, April 30 deadline and penalties for non-compliance in FY 2025-26.



TDS under IT Act 2025: New Sections, Same Rates, Zero Confusion

  CA Umesh Sharma    21 April 2026 at 09:07

Explore key TDS changes under the Income Tax Act, 2025 effective April 1, 2026. Learn about new sections, forms, and compliance steps for a smooth transition.



Important things to know about New Income Tax Act 2026 Transition

  CA Umesh Sharma    15 April 2026 at 10:09

India's new Income Tax framework from April 1, 2026 simplifies laws with fewer sections, unified forms, and revised timelines. Explore key procedural changes, ITR filing rules and compliance updates taxpayers must know.



The Great Tax Migration: Bridge Between IT Act 1961 and IT Act 2025

  CA Umesh Sharma    08 April 2026 at 09:11

Income Tax Act, 2025 transition explained: Key FAQs on dual compliance, TDS rules, loss carry forward, MAT credits, and taxpayer action plan from April 1, 2026...



Important Things to Remember This March Ending 2026!

  CA Umesh Sharma    01 April 2026 at 09:46

A practical guide for taxpayers before March 31, 2026, covering ITR-U filing, tax-saving investments, TDS/TCS compliance, GST reconciliation and year-end financial checks to ensure a smooth transition into AY 2026-27.



New Income Tax Rules 2026 Notified: Every Taxpayer Must Know

  CA Umesh Sharma    24 March 2026 at 09:38

Income Tax Rules 2026 explained through Arjuna-Krishna dialogue: key changes, new Tax Year concept, HRA benefits, revised allowances, forms and Digital Rupee impact.



The Corporate Gudi: Opportunity to File Pending ROC Forms

  CA Umesh Sharma    17 March 2026 at 09:10

Learn about the Companies Compliance Facilitation Scheme 2026 (CCFS-2026), allowing companies to clear pending MCA filings with reduced fees and avoid heavy penalties from April 15 to July 15, 2026.



9 Key Highlights of Maharashtra State Budget 2026-27

  CA Umesh Sharma    10 March 2026 at 06:58

A simple breakdown of the Maharashtra State Budget 2026–27 presented by Devendra Fadnavis, covering welfare schemes, infrastructure spending, farmer relief, EV incentives, rural development and key takeaways for businesses and citizens.



Tax ki Holi - Kuch Rang Khushi ke, Kuch Savdhani ke!

  CA Umesh Sharma    03 March 2026 at 07:19

Budget 2026 tax changes explained through a Holi-themed dialogue between Arjuna and Krishna. Explore MSME benefits, PAN-based TDS reforms, tax audit penalties, GST interest relief and new ITC flexibility in GSTR-3B in a simple and engaging format.




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