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Articles by CA Umesh Sharma

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New Income Tax Rules 2026 Notified: Every Taxpayer Must Know

Posted by CA Umesh Sharma 24 March 2026 1911 Views

Income Tax Rules 2026 explained through Arjuna-Krishna dialogue: key changes, new Tax Year concept, HRA benefits, revised allowances, forms and Digital Rupee impact.



The Corporate Gudi: Opportunity to File Pending ROC Forms

Posted by CA Umesh Sharma 17 March 2026 1228 Views

Learn about the Companies Compliance Facilitation Scheme 2026 (CCFS-2026), allowing companies to clear pending MCA filings with reduced fees and avoid heavy penalties from April 15 to July 15, 2026.



9 Key Highlights of Maharashtra State Budget 2026-27

Posted by CA Umesh Sharma 10 March 2026 461 Views

A simple breakdown of the Maharashtra State Budget 2026–27 presented by Devendra Fadnavis, covering welfare schemes, infrastructure spending, farmer relief, EV incentives, rural development and key takeaways for businesses and citizens.



Tax ki Holi - Kuch Rang Khushi ke, Kuch Savdhani ke!

Posted by CA Umesh Sharma 03 March 2026 898 Views

Budget 2026 tax changes explained through a Holi-themed dialogue between Arjuna and Krishna. Explore MSME benefits, PAN-based TDS reforms, tax audit penalties, GST interest relief and new ITC flexibility in GSTR-3B in a simple and engaging format.



TDS and TCS: The New Shields and Arrows of the Taxpayer

Posted by CA Umesh Sharma 17 February 2026 3155 Views

Union Budget 2026 proposes major TDS and TCS reforms under the new Income Tax Act 2025. From PAN-based property TDS and digital certificates to TCS rationalisation and LRS relief, here's a complete breakdown of taxpayer “shields” and compliance "arrows."



26 Important Income Tax Proposals in Union Budget 2026

Posted by CA Umesh Sharma 03 February 2026 1437 Views

Union Budget 2026 explained through an Arjuna-Krishna dialogue. Key highlights include the new Income Tax Act, 2025, 26 major tax proposals, compliance simplification, reduced penalties, and major taxpayer-friendly reforms effective from 1st April 2026.



Taxpayer's Parade: The Weapons of the Tax Authorities

Posted by CA Umesh Sharma 29 January 2026 74 Views

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

Posted by CA Umesh Sharma 20 January 2026 1800 Views

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

Posted by CA Umesh Sharma 13 January 2026 465 Views

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

Posted by CA Umesh Sharma 06 January 2026 686 Views

Arjuna (Fictional Character): Krishna, gold and silver prices are rising day by day. Indian families traditionally invest in gold for security, weddings, and sa...




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