Articles by Neethi V. Kannanth
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All about clubbing of income
Clubbing of income means adding or including the income of another person (mostly family members) to one's own income. This is allowed under Section 64 of the IT Act.
RIP CA Preethu Jayaprakash
CA Preethu Jayaprakash journey has been nothing short of an adventure. Born on 30 April, 1994 in Kuttanadu to Jayaprakash and Radhamani, had been confined to a wheelchair from the time she could remember. She had been suffering from Spinal Muscular Atrophy(SMA) since she was 6 months old.
Reporting of Special Financial Transaction (SFT)
SFT is a report of specified financial transactions by specified persons including prescribed reporting financial institutions.
Interest levied under Income Tax Act
Interest is levied under Income Tax Act, 1961 under section 234A, 234B and 234C. Let us discuss them in detail.
A Brief about Arbitration and Conciliation
Arbitration and conciliation are two methods of dispute resolution.
Amendments in Schedule III of Companies Act 2013 - Part 2
In continuation of the previous part on Amendments in Schedule III let us discuss the remaining changes
Amendments in Schedule III of Companies Act 2013 - Part 1
Several changes have been brought into Schedule III to the Companies Act, 2013. This article deals with the changes brought into Schedule III applicable to the companies whose financial statements are prepared in accordance with the Companies(Accounting Standards) Rules,2006.
Taxation of Carbon Credit u/s 115BBG
A carbon credit is a permit that allows the holding company to release a certain amount of carbon dioxide or other greenhouse gases. One load requires a mass equal to one ton of carbon dioxide to be released.
Higher Rate of TDS and TCS under Section 206AB and 206CCA
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
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.
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