Articles by CA CMA Piyush Taurani

TDS Under Section 194Q v/s TCS under section 206C(1H)

CA CMA Piyush Taurani 19 June 2021 at 11:04

Section 194Q/206C(1H) states that TDS/TCS @ 0.1% shall be deducted when the aggregate value of purchase/sale of goods during the year exceeds Rs. 50 lakhs.

Posted in Income Tax | 1 comments | 11352 Views

QRMP Scheme in GST

CA CMA Piyush Taurani 08 February 2021 at 09:48

The GST Council, in their 42nd Meet on 5th October 2020 proposed a quarterly return filing system for small taxpayers to be implemented w.e.f. 1st January 2021.

Posted in GST | 7815 Views

Section 44 AD: Special Provisions For Computing Profits And Gains of Business On Presumptive Basis

CA CMA Piyush Taurani 20 July 2020 at 09:42

The presumptive Taxation scheme under Section 44AD covers all small businesses with total turnover/gross receipts of up to Rs. 200 Lakh (Except the business of plying, hiring and leasing goods carriages covered under section 44 AE).

Posted in Income Tax | 3531 Views

All about MSMEs (Micro Small and Medium Enterprises)

CA CMA Piyush Taurani 18 May 2020 at 11:03

The definition of MSMEs has been revised by the FM. The turnover and investment limits for SMEs have been increased.

Posted in Others | 1 comments | 5865 Views

Transfer of under construction project do not attract GST: AAR

CA CMA Piyush Taurani 20 April 2020 at 10:34

The AAR ruled that the hat the transfer of under-construction projects under the 'Business Transfer Project' is exempted under Goods Service Tax (GST).

Posted in GST | 972 Views