Articles by CA Umesh Sharma

100 things of TAX for common man!!

CA Umesh Sharma 01 June 2015 at 11:00

Karneeti Part 100100 things of TAX for common man.!!Arjuna (Fictional Character): Krishna, Today �Karneeti� is completing its Century and we will continue it. In these �Karneeti� Articles we have discussed about various taxes

Harsh Penalty for Property Transaction in Cash of Rs. 20,000 or more w.e.f. 1st June, 2015

CA Umesh Sharma 25 May 2015 at 10:37

Karneeti Part 90Harsh Penalty for Property Transaction in Cash of Rs. 20,000 or more w.e.f. 1st June, 2015 Arjuna (Fictional Character): Krishna, It is said that black money is used in the transactions of immovable properties. To restrict the use of

Beware of the side effects of TDS on deposits in Co-op banks

CA Umesh Sharma 18 May 2015 at 10:36

Karneeti Part 89 Beware of the side effects of TDS on the Interest of Deposits in Co-op. Banks w.e.f 1st June, 2015Arjuna (Fictional Character): Krishna, Income Tax Department has introduced the provision of TDS deduction on the Interest of Fixed Dep

Deduction of expenditure incurred for exempt income if taken will land in trouble

CA Umesh Sharma 12 May 2015 at 10:20

Karneeti Part 88Deduction of Expenditure incurred for Exempt IncomeIf taken will land in troubleArjuna (Fictional Character): Krishna, expenditure incurred in relation to exempt income is a controversial issue and matter of discussion in these days.

You generously help in Nepal & Get tax Benefits in India

CA Umesh Sharma 05 May 2015 at 10:27

Karneeti Part 87You generously help in Nepal&Get tax Benefits in IndiaArjuna (Fictional Character): Krishna, The whole world has trembled due to the earthquake in Nepal. Due to this earthquake Nepal has suffered terrible financial losses. To come

As my TDS is deducted, no need to file Income Tax Return - A Misunderstanding of Common Man

CA Umesh Sharma 27 April 2015 at 10:50

Karneeti Part 86As my TDS is deducted, no need to file Income Tax Return � A Misunderstanding of Common Man.Arjuna (Fictional Character): Krishna, Income Tax Department is sending notices to Taxpayers for not filling Returns of last 3-4 years

New income tax returns and U-turn

CA Umesh Sharma 20 April 2015 at 10:30

Karneeti Part 85New Income Tax Returns with data of foreign return, But now again a U-turnArjuna (Fictional Character): Krishna, Financial year 2014-15 is over. Now Income Tax Return will have to be filed for that year. The Department has notified s

Panic due to PAN! If used as an identity proof

CA Umesh Sharma 13 April 2015 at 11:03

Karneeti Part 84PANIC due to PAN! If used as an Identity ProofArjuna (Fictional Character): Krishna, Nowadays PAN card is generally used for many things. Finance Minister Mr. Arun Jaitly is insisting the usage of PAN in many financial transactions,

What's new in MVAT

CA Umesh Sharma 06 April 2015 at 10:11

Bottom of Form Karneeti Part 83Whats new in MVATArjuna (Fictional Character): Krishna, it is necessary to recall the new changes that have taken place in the MVAT laws from 1st April 2015.Krishna (Fictional Character): Arjuna, ss per the v

Lets plan new financial year

CA Umesh Sharma 31 March 2015 at 11:06

Karneeti Part 82Lets Plan New Financial Year by following Jai HanumanArjuna (Fictional Character): Krishna, on 4th April, 2015 Hanuman Jayanti will be celebrated. So, if correlation of Hanumanji Chara