Articles by Puneet Taneja

Form 49A : PAN Application Form Download

Posted by Puneet Taneja 20 March 2024 13402 Views

Form 49A is the PAN Card application form for allotment of Permanent Account Number for Residents of India. Any Individual who wishes to apply for PAN should fill Form 49A.

Section 139(1) - Seventh Proviso w.e.f 01.04.2020

Posted by Puneet Taneja 01 April 2021 52246 Views

The Seventh Proviso to Section 139(1) mandates the filing of Income Tax Return for a person undertaking certain high-value transactions or expenditures. Let us discuss the proviso.

Form-15G: Overview, Eligibility, and Format

Posted by Puneet Taneja 06 March 2021 12252 Views

It is a declaration form to be filled up by individuals less than 60 years of age and HUFs stating their income is less than the Exemption limit to ensure that no TDS is deducted from their interest income in a year.

Producer Company in India under the Companies Act, 2013

Posted by Puneet Taneja 05 November 2020 14390 Views

A Producer Company combines the goodness of a cooperative entity and the benefits of a company. Know everything about a Producer company, including its incorporation and registration process here.

LTC Cash Voucher Scheme - Should you Opt for it?

Posted by Puneet Taneja 22 October 2020 8119 Views

An employee is eligible for LTC and leave encashment of 10 days for travel to home town or any other destination twice in a block of four years. The cost of the ticket is exempt whereas the leave encashment is taxable.

Busting Some Common Myths About the CA Profession

Posted by Puneet Taneja 09 October 2020 14473 Views

CA is considered to be one of the toughest and prestigious professional courses in the country. There are a lot of Myths about CAs. Let us bust some of those

Recent Updates on the GST Portal

Posted by Puneet Taneja 30 September 2020 16405 Views

The government on regular basis amends and updates the provisions of GST. The latest amendments and updates on the GST Portal are discussed here.

Depreciation Allowance under Sec 32 of the Income Tax Act, 1961

Posted by Puneet Taneja 24 September 2020 12062 Views

As per section 32 of the Income Tax Act, 1961, depreciation is allowed on tangible assets and intangible assets owned, wholly or partly, by the assessee and used for the purposes of business or profession.

GST Rates on Goods and Services under various Tax Slabs, 2020

Posted by Puneet Taneja 24 September 2020 19757 Views

GST legislation has been in place from 1 July 2017. The GST council has fitted over 1300 goods and 500 services under four tax slabs of 5%, 12%, 18%, and 28% under GST.