Articles by CA Umesh Sharma
View Full Profile
Updated Return- Advantages and Disadvantages
CA Umesh Sharma
25 February 2022 at 08:58
Government is trying to provide an opportunity to taxpayers to disclose their income which was previously omitted to be disclosed, and on the other hand will also generate additional revenue for the government. It will facilitate ease of compliance to the taxpayer in a litigation free environment.
Expectations from Union Budget 2022- Halwa or Mithai?
CA Umesh Sharma 31 January 2022 at 13:24
Honorable Finance Minister Mrs. Nirmala Sitharaman will be declaring the Finance Budget of 2022-23 on 01st February in the Lok Sabha. Everyone is excited for the Budget. But due to corona, "Halwa" Tradition has been discontinued and "Mithai" has been distributed.
Union Budget and its process!
CA Umesh Sharma 24 January 2022 at 11:39
Honorable Finance Minister Mrs. Nirmala Sitharaman will be declaring the Finance Budget of 2022-23 on 01st February in the Lok Sabha
Who's Budget First? Personal or Union
CA Umesh Sharma 17 January 2022 at 11:44
Honorable Finance Minister Mrs. Nirmala Sitharaman will be declaring the Finance Budget of 2022-23 on 01st February in the Lok Sabha. Everyone is excited for the Budget.
When recovery will be initiated on difference between GSTR-1 & GSTR-3B?
CA Umesh Sharma 11 January 2022 at 11:28
If the taxpayer is able to justify the differences between GSTR 1 and GSTR 3B, then there may not be any requirement to initiate proceedings for recovery under section 79.
File GSTR-1 in time to avoid litigations in GST
CA Umesh Sharma 03 January 2022 at 12:40
If supplier does not file GSTR-1 timely and correct it can affect the business relationship adversely and the recipient can also recover interest from supplier as recipient cannot claim ITC of the same.
Attention: Restrictions on availment of ITC as per GSTR-2A from 1st January 2022
CA Umesh Sharma 27 December 2021 at 17:08
What is the new amendment that has been notified by the CBIC in respect of claim of ITC which will be applicable from 1st Jan 2022?
Cleaning of Books of Accounts and their Worship on the occasion of Diwali
CA Umesh Sharma 27 October 2021 at 09:42
In business, many tax laws are applicable. Every law prescribes provisions for maintaining books of accounts and relevant records. So, one should discard old books as per provisions of law.
Taxation of Mutual Fund SIP
CA Umesh Sharma 19 October 2021 at 09:48
An investor can claim deduction up to Rs. 1,50,000/- u/s 80C for investments made in SIP. However, deduction is available only if the SIP is of an Equity Linked Savings Scheme Mutual Fund.
10 Important Points to Consider before Filing September 2021 GST Return
CA Umesh Sharma 11 October 2021 at 14:42
Once the return of September 2021 is filed, no changes or rectifications can be made further. Thus, taxpayers must reconcile their books and returns & make the final adjustments.
Popular Articles
- Latest Changes in ITR Forms for AY 2025-26
- How Unnecessary UPI Transactions Can Trigger Tax Notices?
- Section 143(2) Income Tax Notice for AY 2024-25: Scrutiny Assessment, Faceless Process & Deadlines Explained
- Compulsory Maintenance of Accounts - Section 44AA
- Are Co-operative Societies Liable Under GST?
- CA Day 2025: Fascinating Facts Every Chartered Accountant and Aspiring CA Should Know!
- Beyond Numbers: How to Be a Chartered Accountant Clients Never Forget
- Tax Rules for Freelancers in FY 2025-26: ITR Filing, TDS and GST Compliance
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
