Articles by CA Umesh Sharma

Few Important Changes in the Proposed Income Tax Bill

Posted by CA Umesh Sharma 22 July 2025 5700 Views

Explore key highlights of the proposed Income Tax Bill, 2025, including refund policy changes, Section 80M reinstatement, NIL TDS certificates and its expected implementation from April 1, 2026 explained through a fictional yet insightful dialogue between Arjuna and Krishna.

Tax Benefits Under the Umbrella of Insurance Protection

Posted by CA Umesh Sharma 15 July 2025 257 Views

Understand the tax benefits on life and health insurance premiums under Sections 80C & 80D of the Income Tax Act. Explore deductions, keyman insurance, and old vs. new tax regime explained through a fictional Arjuna-Krishna dialogue.

From Classroom to Calculator: How Education Costs Impact Your Taxes!

Posted by CA Umesh Sharma 08 July 2025 504 Views

Understand tax relief on education expenses under Sections 80C & 80E. Learn what's deductible, what's not, and how the new tax regime impacts parents.

Urge of Making GST System Faceless - A Step Towards Transparency and Growth!

Posted by CA Umesh Sharma 01 July 2025 591 Views

Discover how a faceless GST system can enhance transparency, reduce harassment, and boost India’s economy by enabling faster dispute resolution and seamless tax compliance.

Key important changes in GST Return one should know

Posted by CA Umesh Sharma 24 June 2025 2486 Views

Discover key GST return filing changes in GSTR-3B, GSTR-1 & new GSTR-1A with Arjuna & Krishna. Learn how to comply effectively before July 2025 changes.

600 Milestones of Tax Wisdom: The Roadmap to ITR Filing

Posted by CA Umesh Sharma 17 June 2025 569 Views

Confused about which ITR form to file? Join Arjuna and Krishna in this enlightening tax journey as they decode ITR-1 to ITR-6, helping every taxpayer pick the right path for smooth and penalty-free filing.

Know This In Advance Before Paying Advance Tax

Posted by CA Umesh Sharma 10 June 2025 252 Views

Confused about Advance Tax and whether you're required to pay it this month? In this fictional yet informative Q&A between Arjuna and Krishna, discover the what, why, and how of Advance Tax for AY 2026–27.

Kabhi Khushi Kabhi Gam - Due Date Extension of ITR

Posted by CA Umesh Sharma 03 June 2025 288 Views

The ITR filing due date for small taxpayers has been extended from 31st July to 15th September 2025 due to major changes in ITR forms. Learn from Arjuna-Krishna's dialogue how taxpayers can benefit and prepare for the new deadline.

Save Yourself from Tax Summer Heat by Filing TDS and SFT returns before 31st May

Posted by CA Umesh Sharma 27 May 2025 339 Views

Discover why May is a crucial month for taxpayers! Learn about the 31st May 2025 deadlines for TDS return filing and SFT reporting, penalties for non-compliance and how timely tax compliance can protect you from financial heat.

Retirement Planning in VIRAT Style

Posted by CA Umesh Sharma 20 May 2025 493 Views

Discover how Virat Kohli's disciplined cricket journey offers six key retirement planning lessons in this engaging Arjuna-Krishna conversation. Start early, stay consistent and secure your future like a true chase master.