Articles by CA Umesh Sharma

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

Posted by CA Umesh Sharma 27 March 2015 37862 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 17716 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

Good news, High Court orders to grant MVAT refund as per return where Form 501 not filed

Posted by CA Umesh Sharma 09 March 2015 15431 Views

Karneeti Part 79Good news, High Court orders to grant MVAT refund as per return where Form 501 not filed.Arjuna (Fictional Character): Krishna, Good News!!! Mumbai High Court on 3rd March, 2015 has ordered to assess and grant MVAT refund on the basis

Holi of Budget or Budget of Holi. Enjoy it.

Posted by CA Umesh Sharma 02 March 2015 9812 Views

Karneet Part 78Holi of Budget or Budget of Holi. Enjoy it.Arjuna (Fictional Character): Krishna, Honorable Finance Minister Mr. Arun Jetley has declared the Budget before Holi on 28th February. Everyones favorite festival Holi is approaching.

Who's budget first? Personal or governments

Posted by CA Umesh Sharma 23 February 2015 6974 Views

Karneeti Part 77Whos Budget First? Personal or GovernmentsArjuna (Fictional Character): Krishna, Honorable Finance Minister Mr. Arun Jetley will be declaring the Finance Budget of 2015-16 on 28th February in the Loksabha. Everyone is excited f

Cricket and income tax, what is similarity, you must know it

Posted by CA Umesh Sharma 16 February 2015 20109 Views

KARNEETI Part 76Cricket and Income Tax, what is similarity, you must know it.Arjuna (Fictional Character): Krishna, the 11th Cricket World Cup has been started in Australia. In these days 14 countries will compete against each other. In Cricket there

Loveonomics and its taxation

Posted by CA Umesh Sharma 09 February 2015 14943 Views

Karneeti Part 75Loveonomics and its taxationArjuna (Fictional Character): Krishna, 7th February to 14th February is celebrated as Valentine Week all over the World. This is celebrated by giving gifts and wishes and for that the markets were ready. Th

Second Home: Problematic in Real life as well as in Income Tax?

Posted by CA Umesh Sharma 02 February 2015 12458 Views

Karneeti Part 74Second Home: Problematic in Real life as well as in Income Tax?Arjuna (Fictional Character): Krishna, Recently Reserve Bank has reduced the Repo Rate leading to reduction in the Rate of Housing Loan. It may be easier for

Enjoy the "Tax Parade" On Republic Day

Posted by CA Umesh Sharma 27 January 2015 5984 Views

Karniti Part 73Enjoy the Tax Parade On Republic DayArjuna (Fictional Character): Krishna, on 26th January, India celebrates its Republic Day. On this Republic Day the President of the United States of America Mr. Barack Obama wi

MVAT Dealers, Have you checked the new "Dealer Information System"?

Posted by CA Umesh Sharma 20 January 2015 13628 Views

Karniti Part 72MVAT Dealers,Have you checked the new "Dealer Information System"?Arjuna (Fictional Character): Krishna, Sales Tax Department has introduced a new "Dealer Information System". What is it? And what should every dealer do about it? Kris