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Articles by CA Pankaj Agarwal

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Section 194Q: TDS on Purchase of Goods Exceeding Rs. 50 Lakhs

  CA Pankaj Agarwal    03 June 2021 at 09:50

As per Section 194Q, a buyer is supposed to deduct 0.1% TDS on the purchase of goods from a resident seller, the value of which exceeds Rs. 50 lakhs in any PY.

Posted in Income Tax  2 comments |   31002 Views


What is the Presumptive Taxation Scheme?

  CA Pankaj Agarwal    30 December 2020 at 13:09

To give relief to small taxpayers from this tedious work, the Income-tax Act has framed the presumptive taxation scheme under sections 44AD, 44ADA, and 44AE.

Posted in Income Tax  5 comments |   17204 Views


What is Startup India?

  CA Pankaj Agarwal    04 April 2020 at 10:09

Start-up means an entity, incorporated or registered in India not prior to ten years, with annual turnover not exceeding INR 100 crore in any preceding financial year, working towards innovation, development, deployment or commercialisation of new products processes or services driven by technology or intellectual property.

Posted in Corporate Law  1 comments |   12516 Views