Articles by Neethi V. Kannanth
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What is Section 206CQ?
Description about Section 206CQ in Form 26AS states that it deals with collection of Tax at source for remittances made under the Liberalised Remittance Scheme. 206CQ is nothing but a TCS deposit challan code.
Qualifications and Disqualification of the Auditor
There are certain criteria set for a person to be appointed as an auditor of the company. The same is discussed in this article. Read on to know more.
All About GSTR-1
GSTR-1 is a monthly or quarterly return that should be filed by every registered GST taxpayer, except a few as given in further sections. It contains details of all outward supplies i.e sales.
All about Corporate Identification Number (CIN)
A Corporate Identification Number (CIN) is a unique identification number that is assigned by the Registrar of Companies (ROC) to the companies registered in India.
Capital Gain Exemption Under Section 54 of Income Tax Act, 1961
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.
Set Off and Carry Forward of Losses : An analysis
If there is any loss under any head of income, the assessee can set off losses against income. Discussing the two ways of setting off losses against income i.e. through Intra-head and Inter-head adjustments.
Sec 54B - Exemption From Capital Gain on Transfer of Land used for Agricultural Purposes
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.
Taxability of PF contribution
There are different types of provident funds from which a person can choose from for the purpose of investment or regular savings for retirement. They are discussed in detail in this article.
Tax Resident Certificate
In order to obtain the relief from double taxation of income under DTAA, one must obtain a certificate of residence known as Tax Residency Certificate. Tax Residency Certificate once issued is valid for an entire financial year.
Removal and Resignation of Auditor
An auditor appointed under section 139 of the Companies Act, 2013 cannot be removed from his office before the expiry of his term.
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