Articles by CA Umesh Sharma

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

Karniti part 27: Pay as you earn - Advance Tax

CA Umesh Sharma 11 March 2014 at 12:15

(March Ending Special Part 2)PAY AS YOU EARN Advance Tax Arjuna (fictional character): Krishna, before 15th March last installment of advance tax will have to be paid. What precautions taxpayers should take? Krishna (fictional character):

Karniti Part 26:1st Step of March end, Prepare Comp. Balance

CA Umesh Sharma 07 March 2014 at 12:36

(March Ending Special Part 1)Take first feet, Prepare Comparative Balance Sheet Arjuna (fictional character): O Krishna, current Financial year is on verge of ending in the month of March. Government departments due to ma

Karniti Part 25 : Let's Drive Car safely Car from Pot holes on

CA Umesh Sharma 25 February 2014 at 16:25

Lets Drive Car safely Car from Pot holes on the roads of Income TaxArjuna (fictional character): Recently the Finance Minister cut down the excise duty levied on cars and other vehicles. Now one can purchase new car at lower price. Further, re

Karniti P24: Income Tax Dept "Fielding" for Cricket Players

CA Umesh Sharma 17 February 2014 at 12:54

Arjuna (fictional character): Krishna, recently players were purchased in crores of rupees for IPL cricket matches. All are crazy about cricket. How income tax is levied on the money re

Karniti Part 23: Is "LOVE" Tax free?

CA Umesh Sharma 10 February 2014 at 13:01

Arjuna (Fictional character): Krishna, Valentine's Day (14th February) is the festival of love, which is now celebrated worldwide. Love is the essence of life, it holds great importance in the life of a human being. While expressing love and affe

Karniti Part-22: Now CST Forms in PDF format from 1st Feb.

CA Umesh Sharma 05 February 2014 at 12:35

TAXMANTRA PART 22Now CST Forms in PDF format from 1st Feb. 2014 in Maharashtra State.Arjuna (Fictional Character): Krishna, Now Maharashtra Sales Tax Department will give Central Sales Tax Forms like C, F, E Form online. Why a businessman needs to ta

Karniti Part- 21: Let's Discuss Constitution and Taxation

CA Umesh Sharma 27 January 2014 at 11:55

On the eve of Indian Republic Day: Lets Discuss Constitution and Taxation Arjuna (Fictional Character): Arjuna, Indians celebrate 26th January as Republic Day. On this auspicious day in the year 1950 The Constitution of India came into force.Krishna

Karniti Part-20: Salary earners now "Dent" in claiming Allowance of "House Rent"

CA Umesh Sharma 21 January 2014 at 12:34

Salary earners there is now "Dent" in claiming Allowance of "House Rent" Arjuna(Fictional Character): Krishna, all the salaried people might be busy in providing information to their employers for computing income tax, deductions and exemptions from