Articles by Neethi V. Kannanth

Summary Assessment and Regular Assessment under Income Tax

Posted by Neethi V. Kannanth 15 February 2022 8230 Views

When a return of income has been filed by the assessee under section 139(1) or in response to a notice issued under section 142(1), the return shall be processed in the following manner

11 Interesting Facts About Budget

Posted by Neethi V. Kannanth 31 January 2022 7675 Views

Nirmala Sitharaman is all set to announce Union Budget 2022 on 1st February. Before the budget let me bring to you some interesting facts about budget

All About Tax Audit and Form 3CD (Part-6)

Posted by Neethi V. Kannanth 31 January 2022 2929 Views

This article is the final part of the series on the Tax Audit and Form 3CD and I’ll be discussing clause 32 to 44 through this article.

All About Tax Audit and Form 3CD (Part-5)

Posted by Neethi V. Kannanth 29 January 2022 2761 Views

In this article the author is discussing clause 26 to 31 of Form 3CD

All About Tax Audit and Form 3CD (Part-4)

Posted by Neethi V. Kannanth 28 January 2022 6679 Views

If you have been following the series of these articles, we have discussed till Clause 20 of Form 3CD. Without further delay, let us discuss Clause 21 to 25 in this article.

All About Tax Audit and Form 3CD (Part-3)

Posted by Neethi V. Kannanth 27 January 2022 3917 Views

In continuity with the series of articles on tax audit, let us discuss clause 15 to clause 20 of Form 3CD in detail with this article.

All about Tax Audit and Form 3CD (Part-2)

Posted by Neethi V. Kannanth 21 January 2022 6386 Views

In this article, the author discusses about Form 3CD from Clause 1 to 14 in detail.

All About Tax Audit and Form 3CD (Part-1)

Posted by Neethi V. Kannanth 20 January 2022 9471 Views

There are various kinds of audits being conducted under different laws such as company audit /statutory audit conducted under company law provisions, cost audit, stock audit etc. Similarly, income tax law also mandates an audit called 'Tax Audit'.

Amendment in Residential Status as per Finance Act, 2020

Posted by Neethi V. Kannanth 08 January 2022 7182 Views

Determination of Residential Status is the key to determine the tax liability. There has been an amendment to Section 6 of the Income Tax Act, 1960 which deals with Residential Status as per Finance Act,2020.

How can you File an ITR after the Due Date and What are its Consequences?

Posted by Neethi V. Kannanth 06 January 2022 11058 Views

Are you one of those who has missed filing the return of income before the deadline of 31 December, 2021 and wondering if you can still file the return? If so, push your worries aside, as you can still file the return of income.