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Articles by CA Umesh Sharma

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Impact of Changes in ITR Forms for FY 2022-23!

Posted by CA Umesh Sharma 27 February 2023 4536 Views

New ITR forms have been notified by CBDT on 10/02/2023 and 14/02/2023, what is your view on that



GST Amnesty Scheme proposed in 49th GST council meeting

Posted by CA Umesh Sharma 20 February 2023 19960 Views

GST Council Meeting held on 18th February 2023 recommended various GST amnesty schemes and certain changes in tax rates along with rationalization in Late Fees for Annual return were also proposed.



Digital Sikke(Rupee) ......... Ke do(2) Pehlu(sides)

Posted by CA Umesh Sharma 16 February 2023 1450 Views

Motive of the government behind the implementation of the digital rupee is to reduce the cash transaction in the system.



Beware of impact for delayed payment to MSMEs and its impact in Income Tax, GST and other laws

Posted by CA Umesh Sharma 15 February 2023 6843 Views

There have been a lot of talks about the new provision that the government has proposed to bring for boosting the MSME Sector.



Old Tax Regime or New Tax Regime - Which one is better?

Posted by CA Umesh Sharma 13 February 2023 7211 Views

Honourable Finance Minister Mrs Nirmala Sitharaman had declared the Finance Budget of 2023-24 on 01st February in the Lok Sabha. Why there is a lot of discussion going around the Old Tax Regime and New Tax Regime of the Income Tax regime?



Digital Rupee: A new way of online transaction without Bank Account

Posted by CA Umesh Sharma 25 January 2023 13042 Views

RBI launched Digital rupee and it is considered as a mean to implement monetary policies to provide stability, control growth, and influence inflation.



Department Holds Chakri of Taxpayers Kite

Posted by CA Umesh Sharma 17 January 2023 2856 Views

From children to elderly, everyone was seen having fun flying their Kites. Krishna, how high do you think the Taxpayers' Kite will fly this year?



Headache of HSN Code for GST taxpayers in GSTR-9 for FY 21-22

Posted by CA Umesh Sharma 12 December 2022 19975 Views

From FY 2021-22 onwards, it shall be mandatory to report HSN Summary for Outward Supplies in Table 17 at 6 digits for taxpayers having annual turnover in preceding FY above Rs. 5 Cr. and at 4 digits for all B2B supplies for taxpayers having annual turnover in the preceding FY up to Rs. 5 Cr.



Important Due Dates in the Month of December!

Posted by CA Umesh Sharma 06 December 2022 6396 Views

This December Month is full of Due Dates which are important from both GST and Income Tax Point of view



What happens when employee leaves the organization?

Posted by CA Umesh Sharma 01 December 2022 5555 Views

The article mentions about the havoc going on with IT Companies' employees leaving the organization




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