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Articles by Neethi V. Kannanth

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Higher Rate of TDS and TCS under Section 206AB and 206CCA

  Neethi V. Kannanth    26 May 2022 at 09:05

Finance Act, 2021 inserted two sections 206AB - tax deduction and 206CCA - tax collection which came into effect from 1 July, 2021. These sections were amended through the Finance Act, 2022.



All about Professional Tax

  Neethi V. Kannanth    24 May 2022 at 14:24

Professional tax is a tax levied on persons earning income either by way of practicing profession, employment, trade etc. It is levied by the State Government or the Union Territory and not by the Central Government.



Exemption and Taxability of Leave Encashment

  Neethi V. Kannanth    06 May 2022 at 11:48

Every salaried person as per labour law is entitled to a minimum number of paid leave every year. However, it is not necessary that an individual employee utilises all the leave he is entitled for a year. In fact, most employers allow the employees an option of carrying forward such unutilised paid leaves.



Due Date Compliance Calendar for the month of May 2022

  Neethi V. Kannanth    02 May 2022 at 09:04

Due Date Compliance Calendar - May 2022



LIC IPO - Reservation and Special Discount for Policyholders

  Neethi V. Kannanth    30 April 2022 at 12:43

India's largest IPO,"LIC" is all set to open next week i.e. from May 4 and will close on May 9. It is planning to raise Rs. 21,000 crore through the IPO. And also, there is a special discount on the offer price exclusively for the policyholders! Read on to know more about it.



Withdrawal from Pension Scheme

  Neethi V. Kannanth    29 April 2022 at 09:07

An employee has a pension fund when employed with an organisation. If there is a change of employment from one organisation to another organisation, the employee can carry forward the same account for pension.



Foreign Exchange Transaction Without Prior Approval - Current Account

  Neethi V. Kannanth    27 April 2022 at 14:07

Foreign Exchange Transactions can only be done with prior approval of the RBI. However, there are few foreign exchange transactions which can be done without obtaining prior approval. Such transactions are discussed in this article.



Mandatory filing of Income Tax Return

  Neethi V. Kannanth    26 April 2022 at 08:46

If you are unsure about whether you are required to file an income tax return, then this article will help you get clarity. Read on to know more about it.



Tally - The Accounting Software

  Neethi V. Kannanth    22 April 2022 at 08:12

Tally Accounting is financial software that helps in business financial purposes. It is used for recording the daily business data of a particular company. The name of the business solution is derived from the word “tally", which means to count and keep the record.



How to Open a PPF Account Online?

  Neethi V. Kannanth    20 April 2022 at 13:00

The Public Provident Fund (PPF) account is a very popular, long-term investment and savings product. Individuals investing in the account can avail tax benefits as well. A PPF account can be opened at post offices as well as at banks. In order to make the process of opening an account easy, individuals can now open a PPF account online.