Articles by CA Umesh Sharma

PAN-IC! PAN compulsory on all Sales or Purchase of goods or services above Rs 2 Lac

Posted by CA Umesh Sharma 07 June 2016 7261 Views

Arjuna(Fictional Character): Krishna, from 1st January 2016 onwards PAN is required to bequoted in sale or purchase transaction exceeding Rs.2 lakh. Which is this hidden income tax provision?Krishna(Fictional Character): Arjuna, Income tax Department

Get ready for the shower of changes in Tax laws from 1st June 2016!

Posted by CA Umesh Sharma 03 June 2016 18497 Views

Arjuna (Fictional Character): Krishna, this year, the government has brought various changes in income tax, service tax and other tax laws and also has brought scheme for tax payment. It is said that many of such changes will be effective from 1st Ju

Beware: tax evaders take bath in this "Kumbhmela" of income declaration scheme 2016 or else?

Posted by CA Umesh Sharma 25 May 2016 11212 Views

Arjuna(Fictional Character): Krishna, by taking a holy bath in Kumbhmela, a person purifies himself. Now the Income Tax Departmen

Profession tax enrolment amnesty scheme, pay tax for 3 years instead of 8 years

Posted by CA Umesh Sharma 17 May 2016 9528 Views

Arjun (Fictional character): Krishna, Profession Tax is also paid by the self-employed person. The Sales Tax Department of Maharashtra has introduced Amnesty Scheme. So what is this scheme all about?Krishna (Fictional character): Arjuna, Profession T

New MVAT Dealers be in Discipline from First Year

Posted by CA Umesh Sharma 10 May 2016 8552 Views

Arjun (Fictional character): Krishna, Sales Tax Department has started new SAP system and has also been introducing various other changes. And now from 1st May 2016 onwards, changes are made in VAT reg

Small MVAT changes but a big effect on small dealers

Posted by CA Umesh Sharma 04 May 2016 11612 Views

Arjun (Fictional character): Krishna, this year from April 2016 onwards the Maharashtra Sales Tax Departments has brought various small amendments in the VAT system. Because of these changes the small dealers covered under the composition scheme have

New MVAT return system turning superfast as the IPL inning

Posted by CA Umesh Sharma 02 May 2016 8569 Views

Arjun (Fictional character): Krishna, From April 2016, Maharashtra Sales Tax Department has introduced new SAP system and brought various changes in VAT returns. Now bill wise details will have to be given for sales and purchase and many more changes

Maharashtra Settlement of Arrears in Dispute Act 2016 a new law

Posted by CA Umesh Sharma 18 April 2016 7421 Views

Arjun (Fictional character): Krishna, this year Central Government has introduced various new provisions in the budget to settle tax related old disputes. Following that, the state government also has brought up law to settle the disputes between tax

Movies and Income Tax returns, what's the similarity?

Posted by CA Umesh Sharma 06 April 2016 10104 Views

Karneeti Part � 123 Movies and Income Tax returns, what�s the similarity?Arjun (Fictional character): Krishna, what are the changes made in the New Income Tax return forms (ITR forms) from 1st April 2016? Just like new sequels of films ha

Builders ko Real Estate Bill ki "Chowkat" nahi to taklif "Chowpat"

Posted by CA Umesh Sharma 15 March 2016 8670 Views

KARNEETI Part 120Builders ko Real Estate Bill ki �Chowkat� nahi to taklif �Chowpat�.Arjuna (Fictional Character): Krishna, In India there are more than 76 thousand registered Real Estate Companies. Also, there are lakhs of sma