Articles by Neethi V. Kannanth

Section 115BAD | New Tax Regime for Resident Co-Operative Societies

Neethi V. Kannanth 27 February 2021 at 09:45

Section 115BAD was introduced to provide the benefit of a lower tax rate to Resident Cooperative Societies. It is applicable for any PY relevant to the AY beginning on or after 01.04.2021.

Presumptive Taxation u/s 44ADA

Neethi V. Kannanth 26 February 2021 at 10:02

Section 44ADA was introduced to extend the benefits of presumptive taxation to specified professionals and to reduce the burden of compliance to small professionals.

How to avail Foreign Tax Credit?

Neethi V. Kannanth 24 February 2021 at 09:51

Sections 90 and 91 of the Indian Income Tax Act, 1961 deals with Foreign Tax Credit. Through this article let us understand how to avail Foreign Tax Credit.

Exemption u/s 54F of the Income Tax Act

Neethi V. Kannanth 23 February 2021 at 09:51

There are various sections under the Income Tax Act, 1961 which provides an exemption from long term capital gain. Through this article let us understand Section 54F.

Appointment of Independent Director

Neethi V. Kannanth 22 February 2021 at 09:53

An Independent director in relation to a company is a director who is not a managing director, whole time director or a nominee director. Let us discuss the steps involved in Appointing an Independent Director.

Capital Gain Exemption Under Section 54 of Income Tax Act, 1961

Neethi V. Kannanth 17 February 2021 at 10:03

As per section 54, an individual or HUF selling a residential house property can avail tax exemption under the said section for capital gain, provided the capital gains are invested in purchase or construction of Residential House Property.

How to Obtain DIN?

Neethi V. Kannanth 12 February 2021 at 09:52

DIN is the abbreviation for Director Identification Number. It is allotted to an individual who is appointed as a director or proposed to be appointed as a director. Let us understand the procedure for obtaining a DIN.

Appointment of Directors

Neethi V. Kannanth 05 February 2021 at 10:45

According to section 2(34) of Companies Act,2013, a Director is a person appointed by the Board of the company who manages the affairs of the company.

Union Budget 2021 | Expectations by the Healthcare Sector

Neethi V. Kannanth 31 January 2021 at 20:05

With the pandemic Covid-19 taking over the world and increasing awareness about the importance of healthcare, it wouldn’t be a surprise if there is an increase in the allocation of budget for healthcare.

Deferred Tax Asset and Deferred Tax Liability

Neethi V. Kannanth 20 January 2021 at 09:53

In this article , the meaning of deferred tax asset and deferred tax liability has been explained along with brief examples for better understandability.