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Articles by CA Umesh Sharma

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How much Income is "Sufficient Income"?

  CA Umesh Sharma    13 January 2024 at 14:30

In this series of "Arthneeti", we will discuss about sufficiency of Income.



What is your Financial Resolution this New Year 2024?

  CA Umesh Sharma    12 January 2024 at 08:52

From this new year we are starting a New Series on "Personal Finance" (Arthneeti) where we will be talking about how to manage your finances in an effective way.



High Court provides relief for GSTR-3B Return Rectification

  CA Umesh Sharma    11 January 2024 at 09:03

Kerala High Court on 8th December 2023, permitted the rectification of mistake in GSTR 3B filed by the petitioner in the Case of Chukkath Krishnan Praveen vs. State of Kerala, where mistakes were made in tax head while claiming ITC.



"Ek ki Karni Dusre ki Bharni" in TDS Defaults due to Inoperative PAN

  CA Umesh Sharma    11 December 2023 at 13:24

The TDS defaults on account of Inoperative PANs have created a lot of issues among taxpayers. What are some major issues faced by them?



Higher TDS due to PAN Holder's Negligence

  CA Umesh Sharma    04 December 2023 at 14:22

A lot of TDS Deductors who have filed their TDS returns for the 2nd quarter of FY 2023-24 have received intimations for Defaults in their TDS Return for Quarter 2nd. Why are the TAN holders getting these default notices from Income Tax Department?



Going Public: Learning about IPOs and its Income Tax and Companies Act Provisions

  CA Umesh Sharma    27 November 2023 at 14:13

Tata Technologies IPO has created a buzz in the financial markets. The taxpayers are very eager to know more about the concept of IPO, so please shed light on the same.



GSTN to Notify ITC Reversal for GSTR-3B Non-Filing by Suppliers - Act by 30th Nov

  CA Umesh Sharma    21 November 2023 at 09:05

Now GSTN Will Notify ITC Reversal For GSTR-3B Non-Filing By Suppliers; Reverse It By 30th Nov



Diwali Gifts, Perquisites and Tax Issues

  CA Umesh Sharma    20 November 2023 at 14:44

There are many taxpayers who gain financially by receiving Gifts on various occasions and Diwali is one of them. There is no Tax Exemption for Gift received from third person if value of Gift exceeds Rs. 50,000.



Fataka Stall of Taxation Department!

  CA Umesh Sharma    07 November 2023 at 10:26

The article enlightens us on how the sparkling provisions of the Companies Act, GST and Income Tax reflect the diverse array of Diwali firecrackers, with each having its distinct influence on taxpayers lives.



Cleaning of Books of Accounts and their Worship on the eve of Diwali!

  CA Umesh Sharma    30 October 2023 at 14:22

The article will guide us on how to handle old financial records under the various Acts. This will help businesses declutter.