Articles by CA Umesh Sharma

Karniti Part-40: State Budget: Relief in MVAT up to Rs. 10 Lakh but No relief for refund & LBT

Posted by CA Umesh Sharma 10 June 2014 15701 Views

Arjuna (Fictional Character): Krishna, on 5th June 2014, Deputy Chief Minister and Finance Minister of Maharashtra State presented the finance budget for the year 2014-1

Karniti Part-39: Now You Can Create Modiji Like One Person Company

Posted by CA Umesh Sharma 03 June 2014 11332 Views

Arjuna (Fictional Character): Krishna, Recently one person has shown that nothing is Impossible and created history, that person is Current Prime Minister of India Mr. Narendra Modi

Karniti Part-38: Make Changes in MVAT, to please businessmen Voters

Posted by CA Umesh Sharma 29 May 2014 6700 Views

Arjuna (Fictional Character): Krishna, recently voters expressed their strong willingness for change and changed Central Government. Voters and Taxpayers have many expectations from the elected Govern

Karniti Part-37: Importance of Making a "Will" & its Tax effect

Posted by CA Umesh Sharma 20 May 2014 7802 Views

Arjuna (Fictional Character): Krishna, What is Will?Krishna (Fictional Character): Arjuna, Today separated families are increasing. In this era all are running behind money. Therefore wherever there is wealth, problem arises. The life o

Karniti Part- 36: What is "HUF" (Hindu Undivided Family)?

Posted by CA Umesh Sharma 12 May 2014 11678 Views

Arjuna (Fictional Character): Krishna, What is mean by HUF Hindu Undivided Family under Income Tax Act?Krishna (Fictional Character): Arjuna, Generally in India mother, father, son and

Karniti Part-35: Enjoyed Service Tax VCES: Now face the Music?

Posted by CA Umesh Sharma 10 May 2014 12332 Views

Arjuna (Fictional Character): Krishna, in the year 2013-14 government has given an opportunity to service tax evaders for paying service tax through Voluntary Compliance Encouragement Scheme. In this schem

Karniti Part-34: Controversies between MVAT Department & Builders

Posted by CA Umesh Sharma 28 April 2014 9856 Views

Controversies between MVAT Department and Builders.Arjuna (Fictional Character): Krishna, in this period of recession builders are very tensed and disturbed. After the decision of Honorable Supreme Court, it seems that Maharashtra VAT department incr

Karniti Part-33: Tin number wise details of Purchases and sales must along with MVAT returns From 1st April 2014

Posted by CA Umesh Sharma 22 April 2014 15822 Views

Arjuna (Fictional Character): Krishna, What major changes took place in the Maharashtra Vat Act from 1st April 2014?Krishna (Fictional Character): Yes Ar

Karniti Part-32: Thoughts of Great Three For Taxpayers

Posted by CA Umesh Sharma 15 April 2014 6897 Views

Arjuna (Fictional Character): Krishna, Yesterday it was Mahaveer Jayanti, today is Dr. Babasaheb Ambedkar Jayanti and tomorrow is Hanuman Jayanti. What a great coincidence this is! Jayanti of three great soul

Karniti Part-31:Taxpayer should try to be "Maryada Puroshottam" i.e. live within limits of laws

Posted by CA Umesh Sharma 07 April 2014 10819 Views

Arjuna (Fictional Character): Krishna tomorrow is "Rama Navami", which is celebrated with full devotion and enthusiasm all over the country. Why this day is important fo