Articles by Neethi V. Kannanth

What can you do to be productive and keep your mind fresh amid COVID-19?

Neethi V. Kannanth 10 May 2021 at 09:37

With the exams being postponed and no proper clarity as to when the exams will be held, students are left stranded. Here are some of the tips on how you can be productive during these unprecedented times.

Exemption Under Section 54G

Neethi V. Kannanth 30 April 2021 at 09:47

Section 54G provides for an exemption from capital gain arising on transfer of a capital asset, being plant or machinery or land or building or any rights in building or land used for the purpose of business in an industrial undertaking situated in an urban area.

Exemption Under Section 54GA

Neethi V. Kannanth 30 April 2021 at 09:47

Section 54GA provides for an exemption from capital gain arising on the transfer of a capital asset used for the purpose of business in an industrial undertaking situated in an urban area to an industrial undertaking situated in any SEZ.

All about Managerial Remuneration

Neethi V. Kannanth 28 April 2021 at 09:49

Managerial personnel includes directors, managing directors, whole-time directors, managers etc. Managerial remuneration in simple words is the remuneration paid to managerial personals.

Deemed Dividend under Section 2(22)(e)

Neethi V. Kannanth 15 April 2021 at 08:32

Deemed Dividend is the dividend that is not actually paid as a dividend but assumed to be a dividend for the purpose of taxation under Section 2(22)(e) of the Income Tax Act.

Capital Gain Exemption u/s 54EC

Neethi V. Kannanth 06 April 2021 at 12:39

Section 54EC of the Income Tax Act,1961, provides for exemption from Capital Gains arising on transfer of a long term capital asset, being a land or building or both.

What should Students Learn During Articleship?

Neethi V. Kannanth 31 March 2021 at 09:52

Articleship is a crucial period in every CA student’s life. In this article, we discuss six important things that CA students must learn during their articleship period.

Section 54D - Exemption from Capital Gain on Compulsory Acquisition of Land or Building forming part of Industrial Undertaking

Neethi V. Kannanth 13 March 2021 at 09:59

To encourage the assessee to carry the business undertaking, exemption under section 54D of the Income Tax Act, 1961 is provided. Let us understand in detail about section 54D.

SA 570 - Going Concern

Neethi V. Kannanth 10 March 2021 at 09:47

The general purpose financial statements of an entity are prepared using the going concern basis of accounting unless the management intends to liquidate or to cease the operations or there is no realistic alternative to do so.

Sec 54B - Exemption From Capital Gain on Transfer of Land used for Agricultural Purposes

Neethi V. Kannanth 04 March 2021 at 17:00

The exemption u/s 54B is available only if capital gain arises on transfer of land used for agricultural purpose is utilized for purchasing another land which will be utilized for the purpose of agriculture.