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Articles by CA Umesh Sharma

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25 Major Tax and GST Reforms in 2025: A Year of Change

Posted by CA Umesh Sharma 30 December 2025 833 Views

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

Posted by CA Umesh Sharma 23 December 2025 237 Views

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

Posted by CA Umesh Sharma 16 December 2025 1148 Views

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!

Posted by CA Umesh Sharma 09 December 2025 3190 Views

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)

Posted by CA Umesh Sharma 25 November 2025 162 Views

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?

Posted by CA Umesh Sharma 18 November 2025 140 Views

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



7 Important Points to be kept in mind before filing October 2025 GST Return!

Posted by CA Umesh Sharma 04 November 2025 1667 Views

October 2025 GST return is crucial! Taxpayers must reconcile FY 2024-25 data, finalize ITC claims, issue credit notes, and correct errors before deadlines.



Last Call for Tax Compliance - File Now or Face the Consequences

Posted by CA Umesh Sharma 28 October 2025 2862 Views

The 31st of October 2025 marks a crucial date for taxpayers and professionals, with three major deadlines coinciding - the Tax Audit Report (Form 3CD), the Income Tax Return (ITR) filing for audit cases and the TDS Return for Q2.



Are Your Diwali Gifts Taxable? Know the Income Tax & GST Provisions

Posted by CA Umesh Sharma 21 October 2025 985 Views

Confused about Diwali gift taxation? Know when gifts are taxable under Income Tax & GST, exemptions, TDS under Section 194R, and key compliance rules.



Four Key GST Updates for Taxpayers

Posted by CA Umesh Sharma 07 October 2025 1007 Views

Stay updated with the latest GST changes! Learn from Arjuna and Krishna’s conversation about key updates on post-sales discounts, invoice-wise TDS reporting in GSTR-7, filing restrictions on old returns, and the new online process for filing appeals before the GST Appellate Tribunal (GSTAT).




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