Articles by CA Umesh Sharma

ITR Filing 2025: The Changes in ITR Forms Every Taxpayer Must Know

Posted by CA Umesh Sharma 06 May 2025 1562 Views

There are some changes in the ITR forms for the AY 2025-26. What should a taxpayer know about these updates compared to AY 2024-25?

Rules are Out: Hope GST Appellate Tribunal Start Soon!

Posted by CA Umesh Sharma 29 April 2025 274 Views

Arjuna asks Krishna about the long-awaited GST Appellate Tribunal (GSTAT) and the struggles faced by taxpayers in resolving disputes. Krishna explains the challenges, recent notifications, and the hope for faster, affordable justice through the soon-to-be operational GSTAT.

Getting Late GST Registration? Hope to Get the Same Faster Now

Posted by CA Umesh Sharma 22 April 2025 659 Views

Arjuna (Fictional Character): Krishna, I heard that the Central Board of Indirect Taxes & Customs (CBIC) had issued new Instructions related to GST registra

"Tariff" karu kya Uski, Jisne mera portfolio laal kiya hai!

Posted by CA Umesh Sharma 15 April 2025 425 Views

On April 2, 2025, President of United States of America Donald Trump imposed reciprocal tariffs at the rate of 34% on China, 27% on India, 20% on the European Union, and 24% on Japan and other countries.

When Rent Crosses Rs 50,000, Even Individuals Become Deductors!

Posted by CA Umesh Sharma 08 April 2025 2739 Views

A taxpayer, is paying Rs 51,000 per month as rent for his residential flat and is not engaged in any business or profession. Based on these facts, is he required to fulfill any tax deduction obligations (such as TDS) on the rent payments?

Pay to MSME Suppliers on Time, Don't Be April Fooled!

Posted by CA Umesh Sharma 01 April 2025 1039 Views

MCA issued notification no S.O. 1376(E) on March 25, 2025. If a company buys goods or services from a Micro or Small Enterprise (MSE) and doesn't pay within 45 days, they now need to report it to the MCA every six months.

Important Things from GST Aspect to Remember this March 2025 ending!

Posted by CA Umesh Sharma 25 March 2025 1187 Views

This week marks the end of the financial year 2024-25. The taxpayers are curious as to what shall be done before this year end to better prepare for the new financial year 2025-26.

March End Income Tax Checklist: Key Points to Remember!

Posted by CA Umesh Sharma 18 March 2025 1626 Views

The Financial year 2024-25 is about to end, and the new financial year is about to start. How should a taxpayer prepare himself for this year's march ending?

What is the Colour of Your Investment Portfolio?

Posted by CA Umesh Sharma 11 March 2025 522 Views

The festival of colours fills the air with joy, but my investment portfolio seems to have changed its colour. The stock market has fallen, and now I am wondering about the colour of my investment portfolio.

Tax Saving Strategies for Taxpayers in this March!

Posted by CA Umesh Sharma 04 March 2025 1559 Views

Discover expert tax-saving tips as Krishna guides Arjuna through deductions, exemptions, and strategies under the new and old tax regimes. Maximize savings and minimize tax liability with smart financial planning!