Articles by CA Umesh Sharma

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

Karniti Part-19: Kite Fight between Taxpayer & IT Dept

CA Umesh Sharma 15 January 2014 at 11:01

Arjuna (Fictional Character): Lord Krishna, all are happy and enjoying as two festivals Makar Sankranti and Eid are coming together. Children are busy flying colorful kites in the blue sky. Kites o

Karniti Part-18: Beware of Stamp duty value of Immovable property

CA Umesh Sharma 06 January 2014 at 12:51

Beware, Adhere to Stamp duty valuation of Immovable property under Income tax. Arjuna (fictional character): Krishna, It is astonishing that on 1st January Government instead of giving gift of New Year to the taxpayers, it increased Stamp Duty Value

Karniti Part-17: Let's review major 13 tax & law events of 2013

CA Umesh Sharma 30 December 2013 at 11:31

Lets review 13 major developments in Tax & other laws of 2013Arjuna (fictional character): Krishna, Year 2013 is coming to end and New Year 2014 will begin soon. Time passes so quickly! While discussing various issues on tax laws, we did n

Karniti Part-16: Tax planning for Children is not a child's play

CA Umesh Sharma 23 December 2013 at 11:16

Income Tax planning for Childrens is not a childs play.Arjuna (fictional character): Dear Krishna, the festival of Christmas is being celebrated all over the world very joyfully. In this festival Santa Clause make exchange of gifts to a

Karniti Part-15: MVAT Audit Some Beliefs and Misbeliefs

CA Umesh Sharma 17 December 2013 at 11:32

Arjuna (fictional character): Krishna, In Maharashtra State, under Maharashtra Value Added Tax Act, VAT audit in FORM 704 is mandatorily required to be carried out and e-filed before 15th January 2014 for the fin

Karniti Part-14: Why, Carrot to Service tax defaulters and sticks to followers?

CA Umesh Sharma 10 December 2013 at 17:58

Why, Carrot to Service tax defaulters and sticks to followers? Arjuna (fictional character): O Lord Krishna, Why Honble Finance Minister is promoting the Voluntary Compliance Encouragement Scheme of Service Tax so much? Lord Krishna (fictional