Articles by CA Umesh Sharma

Get ready for Proposed GST Changes

CA Umesh Sharma 19 August 2025 at 08:27

India plans GST reforms by Oct 2025, merging slabs into 5% & 18%, lowering taxes on essentials & luxury goods to ease living and boost consumption.

How to achieve financial independence?

CA Umesh Sharma 12 August 2025 at 08:31

Learn how India's resistance to U.S. tariffs inspires 5 key strategies for achieving and protecting your own financial freedom.

Key Changes in MSME Reporting for Tax Audits

CA Umesh Sharma 05 August 2025 at 08:34

Understand the latest updates in Clause 22 of Form 3CD for FY 2024-25. Learn how MSME payments must be reported under the MSMED Act and Section 43B(h) with insights from a fictional Arjuna-Krishna dialogue.

Decoding the Business Codes in ITR

CA Umesh Sharma 29 July 2025 at 08:28

Explore the significance of newly introduced business codes in ITR filings as explained by Krishna to Arjuna. Learn how these updates, including AI integration, aim to improve tax compliance and reflect emerging sectors like social media and trading.

Few Important Changes in the Proposed Income Tax Bill

CA Umesh Sharma 22 July 2025 at 08:42

Explore key highlights of the proposed Income Tax Bill, 2025, including refund policy changes, Section 80M reinstatement, NIL TDS certificates and its expected implementation from April 1, 2026 explained through a fictional yet insightful dialogue between Arjuna and Krishna.

Tax Benefits Under the Umbrella of Insurance Protection

CA Umesh Sharma 15 July 2025 at 08:27

Understand the tax benefits on life and health insurance premiums under Sections 80C & 80D of the Income Tax Act. Explore deductions, keyman insurance, and old vs. new tax regime explained through a fictional Arjuna-Krishna dialogue.

From Classroom to Calculator: How Education Costs Impact Your Taxes!

CA Umesh Sharma 08 July 2025 at 08:31

Understand tax relief on education expenses under Sections 80C & 80E. Learn what's deductible, what's not, and how the new tax regime impacts parents.

Urge of Making GST System Faceless - A Step Towards Transparency and Growth!

CA Umesh Sharma 01 July 2025 at 08:38

Discover how a faceless GST system can enhance transparency, reduce harassment, and boost India’s economy by enabling faster dispute resolution and seamless tax compliance.

Key important changes in GST Return one should know

CA Umesh Sharma 24 June 2025 at 08:29

Discover key GST return filing changes in GSTR-3B, GSTR-1 & new GSTR-1A with Arjuna & Krishna. Learn how to comply effectively before July 2025 changes.

600 Milestones of Tax Wisdom: The Roadmap to ITR Filing

CA Umesh Sharma 17 June 2025 at 08:48

Confused about which ITR form to file? Join Arjuna and Krishna in this enlightening tax journey as they decode ITR-1 to ITR-6, helping every taxpayer pick the right path for smooth and penalty-free filing.