Articles by CA Umesh Sharma

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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.



Christmas Cheer with Year-End Tax Compliance

  CA Umesh Sharma    23 December 2025 at 06:39

Why is 31st December crucial for tax compliance? Through a fictional Arjuna-Krishna dialogue, understand the importance of timely ITR and GSTR-9/GSTR-9C filings, refunds, penalties, and year-end tax planning.



Relaxation in Small Company Criteria - A Boost for Small Businesses

  CA Umesh Sharma    16 December 2025 at 06:52

MCA revises small company criteria from 1 December 2025, raising capital and turnover limits. Learn key changes, benefits, and compliance relief explained through a Krishna-Arjuna dialogue.



Locking of GSTR-3B return under GST!

  CA Umesh Sharma    09 December 2025 at 06:47

Learn why Table 3.2 of GSTR-3B is becoming non-editable from Nov 2025, the deferred timeline, auto-population from GSTR-1/1A, and how it impacts GST compliance...



Digitalization of Capital Gains Account Scheme (CGAS)

  CA Umesh Sharma    25 November 2025 at 06:17

Updated in 2025, the Capital Gains Account Scheme now offers digital deposits, more authorized banks, online closures, and clearer rules for LTCG exemptions.



What type of Financial Information is asked from Election Candidates?

  CA Umesh Sharma    18 November 2025 at 06:40

Learn what financial details Indian election candidates must disclose, from assets and liabilities to income sources and why these filings matter for voter transparency.




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