Articles by CA Umesh Sharma

Karniti Part-37: Importance of Making a "Will" & its Tax effect

CA Umesh Sharma 20 May 2014 at 11:29

Arjuna (Fictional Character): Krishna, What is Will?Krishna (Fictional Character): Arjuna, Today separated families are increasing. In this era all are running behind money. Therefore wherever there is wealth, problem arises. The life o

Karniti Part- 36: What is "HUF" (Hindu Undivided Family)?

CA Umesh Sharma 12 May 2014 at 11:13

Arjuna (Fictional Character): Krishna, What is mean by HUF Hindu Undivided Family under Income Tax Act?Krishna (Fictional Character): Arjuna, Generally in India mother, father, son and

Karniti Part-35: Enjoyed Service Tax VCES: Now face the Music?

CA Umesh Sharma 10 May 2014 at 12:30

Arjuna (Fictional Character): Krishna, in the year 2013-14 government has given an opportunity to service tax evaders for paying service tax through Voluntary Compliance Encouragement Scheme. In this schem

Karniti Part-34: Controversies between MVAT Department & Builders

CA Umesh Sharma 28 April 2014 at 12:02

Controversies between MVAT Department and Builders.Arjuna (Fictional Character): Krishna, in this period of recession builders are very tensed and disturbed. After the decision of Honorable Supreme Court, it seems that Maharashtra VAT department incr

Karniti Part-33: Tin number wise details of Purchases and sales must along with MVAT returns From 1st April 2014

CA Umesh Sharma 22 April 2014 at 12:06

Arjuna (Fictional Character): Krishna, What major changes took place in the Maharashtra Vat Act from 1st April 2014?Krishna (Fictional Character): Yes Ar

Karniti Part-32: Thoughts of Great Three For Taxpayers

CA Umesh Sharma 15 April 2014 at 11:57

Arjuna (Fictional Character): Krishna, Yesterday it was Mahaveer Jayanti, today is Dr. Babasaheb Ambedkar Jayanti and tomorrow is Hanuman Jayanti. What a great coincidence this is! Jayanti of three great soul

Karniti Part-31:Taxpayer should try to be "Maryada Puroshottam" i.e. live within limits of laws

CA Umesh Sharma 07 April 2014 at 11:59

Arjuna (Fictional Character): Krishna tomorrow is "Rama Navami", which is celebrated with full devotion and enthusiasm all over the country. Why this day is important fo

Karniti Part-30: Wish all taxpayers a Wealthy New Financial Year

CA Umesh Sharma 01 April 2014 at 11:05

On the Occasion of Gudi Padwa i.e, 31-3-2014Lets See behind and Move Ahead in the Financial YearArjuna (Fictional Character): Krishna, Today is Gudi Padwa which means beginning of New Year. Further today is the last day of financial year 2013-

Karniti Part-29: Every Taxpayer must verify his Form 26 AS

CA Umesh Sharma 26 March 2014 at 12:31

Arjuna (Fictional Character): Krishna, as one reconcile bank transaction with the bank statements from time to time, now taxpayers are required to reconcile the income tax with Form 26 AS. What is this Form 26AS? Krishna (Fictional Character): Arjuna

Karniti Part-28: Colors of Income Tax and Taxpayers Holi

CA Umesh Sharma 18 March 2014 at 11:26

Colors of Income Tax and Taxpayers HoliArjuna (Fictional Character): Krishna on this day of March by making bonfire chilled winters comes to an end. Further in this month being an last month for the financial year 2013-14, taxpayers will have to blen