Articles by CA Umesh Sharma

TDS and TCS: The New Shields and Arrows of the Taxpayer

CA Umesh Sharma 17 February 2026 at 07:00

Union Budget 2026 proposes major TDS and TCS reforms under the new Income Tax Act 2025. From PAN-based property TDS and digital certificates to TCS rationalisation and LRS relief, here's a complete breakdown of taxpayer “shields” and compliance "arrows."

26 Important Income Tax Proposals in Union Budget 2026

CA Umesh Sharma 03 February 2026 at 08:24

Union Budget 2026 explained through an Arjuna-Krishna dialogue. Key highlights include the new Income Tax Act, 2025, 26 major tax proposals, compliance simplification, reduced penalties, and major taxpayer-friendly reforms effective from 1st April 2026.

Taxpayer's Parade: The Weapons of the Tax Authorities

CA Umesh Sharma 29 January 2026 at 09:03

A Republic Day-themed Arjuna-Krishna dialogue explaining the powerful "weapons" of Income Tax and GST departments under the New Income Tax Act 2025 and evolving GST compliance framework.

GST and Income Tax Resolutions for Taxpayers in 2026

CA Umesh Sharma 20 January 2026 at 06:10

As 2026 begins, taxpayers must strengthen GST and Income Tax compliance. Through a dialogue between Arjuna and Krishna, this article outlines practical New Year resolutions to avoid errors, penalties and ensure smooth tax compliance.

Kite fight between Taxpayer and Department

CA Umesh Sharma 13 January 2026 at 07:08

A thought-provoking fictional dialogue between Arjuna and Krishna using Makar Sankranti kite-flying metaphors to explain GST technology controls, GST 2.0, MSME reforms, and Income Tax compliance, highlighting why taxpayers must fly high but within the law.

Gold and Silver Taxation: Understanding the Shine

CA Umesh Sharma 06 January 2026 at 06:58

Arjuna (Fictional Character): Krishna, gold and silver prices are rising day by day. Indian families traditionally invest in gold for security, weddings, and sa..

25 Major Tax and GST Reforms in 2025: A Year of Change

CA Umesh Sharma 30 December 2025 at 06:52

Discover the key tax and GST updates of 2025 explained through a conversation between Arjuna and Krishna. Learn how GST reforms, income tax changes, TDS/TCS updates, and compliance simplifications impact taxpayers and businesses. Stay informed to maximize benefits and avoid penalties.