Articles by CA Umesh Sharma

What is the colour of my money - Black or White?

Posted by CA Umesh Sharma 03 November 2014 23409 Views

Karniti Part 61What is the colour of my moneyBlack or White?Arjuna (Fictional Character): Krishna, why is there such a lot of confusion over on the colour of money? Supreme Court, Government and citizens are all busy in the discussion of the

Football & Income Tax- Penalty, in both, is Hefty

Posted by CA Umesh Sharma 27 October 2014 15201 Views

Arjuna (Fictional Character): Krishna, Diwali was celebrated in pomp and splendor. Following the IPL in Cricket, the "Indian Super League" for football has started. It will be really interesting game

Happy Diwali with crackers of Income Tax

Posted by CA Umesh Sharma 21 October 2014 28114 Views

Karniti Part 59Happy Diwali with crackers of Income TaxArjuna (Fictional Character): Krishna, recently the result of Maharashtra & Hariyana States Election is declared. In this some politician's crackers have exploded and someone's got defused. On th

Be Careful - while making transactions in cash!!

Posted by CA Umesh Sharma 13 October 2014 28081 Views

Karniti Part 58 Be Carefulwhile making transactions in cash!! Arjuna (Fictional Character): Krishna, Today is 13th October last day for the promotion of Elections. In the chaos of election, crores of rupees were ceased. During this period Ele

Exponential Rise in Rate of Interest of Service Tax

Posted by CA Umesh Sharma 07 October 2014 17262 Views

Karniti Part 57 In October Heat Exponential Rise in Rate of Interest of Service TaxArjuna (Fictional Character): Krishna, October months heat has started. In this by increasing rate of interest of service tax from 1st October 2014 the departme

Breaking Partnerships

Posted by CA Umesh Sharma 30 September 2014 17414 Views

Karniti Part 56Breaking PartnershipsPartnerships, Politics and its TaxationArjuna (Fictional Character): Krishna, what is going on? All over Maharashtra the discussion of breaking of partnerships by political parties are happening. However, if the sa

Big change in Small retailers MVAT composition scheme from October

Posted by CA Umesh Sharma 23 September 2014 8392 Views

Karniti part 55 "Big" change in "Small" retailers MVAT composition scheme from October.Arjuna (Fictional Character): Krishna, what big changes has been made by Sales tax Department in Composition scheme for the small retail deal

In Pitru Paksha memorizing ancestors & their property taxation

Posted by CA Umesh Sharma 15 September 2014 8861 Views

Karniti Part 54:In Pitru Paksha memorizing ancestors & their property taxation.Arjuna (Fictional Character): Krishna, the fortnight starting from 9th September to 23rd September is called as pitrupaksha or shrad

Ganpati Bappa, take away old complicated laws and come with new simple laws next year

Posted by CA Umesh Sharma 08 September 2014 16976 Views

Karniti part 53GANPATI BAPPA, TAKE AWAY OLD COMPLICATED LAWS ANDCOME WITH NEW SIMPLE LAWS NEXT YEAR Arjuna (Fictional Character): Krishna, Today is Ananat chaturdashi. Devotees will end this joyful Ganesh festival by dissolving Idol of

Dear Vighnaharta, what should be first Income tax return or tax audit report?

Posted by CA Umesh Sharma 02 September 2014 22870 Views

Karniti Part 52 Dear Vighnaharta .., what should be first, Income tax return or Tax Audit report? Please remove the Vighna (complications) Arjuna (Fictional Character): Krishna, the festival of Lord of Wisdom Shri Ganesha is being celebrated