Articles by CA Umesh Sharma

Are the gifts received by a sister on Raksha Bandhan taxable?

Posted by CA Umesh Sharma 25 August 2026 713 Views

Raksha Bandhan gifts and income tax explained: Know when gifts from brothers, cousins and non-relatives are taxable, the Rs 50,000 threshold, cash gift rules and tax implications.

Tax Changes: Financial Freedom vs. Restrictions Explained

Posted by CA Umesh Sharma 18 August 2026 159 Views

Discover how recent tax changes offer financial freedom and ease of doing business, while also exploring new restrictions. Learn what it means for you.

Claim Business Expenses: Allowed vs Disallowed for ITR

Posted by CA Umesh Sharma 11 August 2026 789 Views

Understand which business expenses are allowed and disallowed when filing your Income Tax Return (ITR). Learn the rules to avoid penalties and interest.

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

Posted by CA Umesh Sharma 04 August 2026 1439 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 592 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 247 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 784 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 1060 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 182 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.