Articles by CA Umesh Sharma

Tax Saving Strategies for Taxpayers in this March!

CA Umesh Sharma 04 March 2025 at 08:34

Discover expert tax-saving tips as Krishna guides Arjuna through deductions, exemptions, and strategies under the new and old tax regimes. Maximize savings and minimize tax liability with smart financial planning!

Where Should Your Savings of Tax Go?

CA Umesh Sharma 25 February 2025 at 08:28

ow, anyone earning up to ₹12 lakh won't have to pay any tax. This change helps taxpayers save between ₹35,000 to ₹1,10,000 depending on the income level, putting more money in their hands and giving major relief to the middle class.

This Valentine's, Fall in Love with Simpler Tax Laws!

CA Umesh Sharma 18 February 2025 at 08:33

The govt has proposed this fresh and straightforward law, one that taxpayers will appreciate-perhaps even fall in love with! Just like a well-crafted Valentine's letter is easy to read and understand, this new Bill aims to win the hearts of taxpayers by bringing clarity, simplicity, and ease to tax compliance.

2 Houses - Tax Issue Simplified in Budget?

CA Umesh Sharma 11 February 2025 at 08:41

This budget has brought significant simplification in the tax treatment of house properties, particularly for self-occupied properties. Earlier, if you owned more than one house, certain restrictions were applied regarding how they were taxed, which often resulted in unnecessary tax liability.

Budget 2025 - A New Tax Relief Plan for Individuals

CA Umesh Sharma 07 February 2025 at 08:45

This budget brings significant changes aimed at reducing the compliance burden and providing tax relief to individual taxpayers

Budget Preparation: A Step Towards Financial Discipline

CA Umesh Sharma 28 January 2025 at 08:36

The Union Budget will be presented soon, and everyone is eagerly waiting for the finance minister's announcements. But why do people place so much importance on the budget? Does it really impact an individual's financial planning?

Important Changes in GST from 16th January 2025

CA Umesh Sharma 21 January 2025 at 08:43

The recent GST notifications introduce various changes aimed at streamlining compliance and addressing specific sectors. Let's break down the key important notifications point by point.

Judgment on assignment of Leasehold Rights under GST - Big Relief to Taxpayers

CA Umesh Sharma 14 January 2025 at 07:25

Read about the latest judgment on the assignment of leasehold rights under GST, clarifying tax applicability and offering significant benefits.

GST Confusion on Taxability of Vouchers Finally Cleared

CA Umesh Sharma 07 January 2025 at 08:43

GST Circular No. 243/37/2024, dated 31st December 2024, offers clarity on the crucial topic of vouchers. Whether it's festive gift cards or discount coupons this circular makes sure that the taxpayers and businesses move forward with a clear understanding of GST implications on the same.

Key Highlights of 55th GST Council Meeting

CA Umesh Sharma 31 December 2024 at 08:53

Just as the New Year symbolizes new beginnings, the 55th GST Council Meeting has introduced transformative recommendations for taxpayers and businesses. These recommendations touch upon rates, compliance mechanisms, clarifications, amendments and much more.