Articles by CA Umesh Sharma

Karniti Part 1 - Taxation Educational exp. under income tax

Posted by CA Umesh Sharma 10 September 2013 13146 Views

In The Mahabharata on the Battlefield of Kurukshetra, the conversation between Lord Shri Krishna and Arjuna gave birth to the Holy book Bhagwat Gita Wherein Arjuna asked many

Let's construct "Tax Structure" for Builders/Developers

Posted by CA Umesh Sharma 06 September 2012 416218 Views

The foundation of building named Tax Complex constructed by the Honorable Commissioner of Sales Tax of Maharashtra

Is your MVAT Audit complete?

Posted by CA Umesh Sharma 20 January 2012 50173 Views

Why this type of topic? Recently amendment is made in the Section 61 of the Maharashtra Value Added Tax Act, 2002 for levy of Penalty for incomplete audit report. First time in

Taxation of Hawala Transaction Under Vat

Posted by CA Umesh Sharma 18 October 2011 42543 Views

Hawala dealers are registered dealers. These dealers do not carry on business, but they provide false bills signed by them. They issue C forms and other requi

A man is known by company - A professional is known by his clients

Posted by CA Umesh Sharma 18 October 2011 10480 Views

There are always to side of coin. One side we are accusing the authorities for ramp corruption. But whats the side of business worl

Issues in MVAT Act on the eve of Independence Day

Posted by CA Umesh Sharma 16 August 2011 14121 Views

SOME ISSUES IN MVAT ACT, ON THE EVE OF INDEPENDENCE DAY TIME TO ACT TOGETHER BY ALL INDUSTRIES AND TRADE BODIES Wish you all a very Happy Independence Day, the mood in our country is set against the

Peer Review documentation-Auditees prespective

Posted by CA Umesh Sharma 04 June 2010 42503 Views

Documentation by PU for peer review process The Peer Review Statement does not lay down any requirement for maintaining documents by the practicing unit. However, Standard on Auditing (SA) -230 “Documentation” which is mandatory from 1s