Articles by CA Umesh Sharma

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

Posted by CA Umesh Sharma 18 May 2015 14883 Views

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

Posted by CA Umesh Sharma 12 May 2015 11610 Views

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

Posted by CA Umesh Sharma 05 May 2015 11852 Views

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

Posted by CA Umesh Sharma 27 April 2015 24875 Views

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

Posted by CA Umesh Sharma 20 April 2015 17335 Views

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

Posted by CA Umesh Sharma 13 April 2015 38021 Views

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

Posted by CA Umesh Sharma 06 April 2015 23545 Views

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

Posted by CA Umesh Sharma 31 March 2015 11534 Views

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

How many previous years Income Tax returns can be filed after due date?

Posted by CA Umesh Sharma 27 March 2015 37875 Views

Karneeti Part 81How many previous years Income Tax returns can be filed after due date? Lets remove confusion. Arjuna (Fictional Character): Krishna, just a few days are left for the end of financial year 2014-15. Some lethargic tax pa

Taxpayers follow March end Rule Otherwise you may be an April Fool

Posted by CA Umesh Sharma 16 March 2015 17721 Views

KARNEETI Part 80Taxpayers follow March end RuleOtherwise you may be an April FoolArjuna (Fictional Character): Krishna, the last month of Financial Year 2014-15 March is here. Everyone is in haste due to March end f