
No-2.C.V Raman Road, (Ground Floor), Alwarpet, Chennai, Tamil Nadu Chennai - 600018. +91 9840701449 ariyurkrish@gmail.com +91 9840701449, +91 - 44 - 24671175, +91 - 44 - 24671437ariyurkrish@gmail.com


	Home About Us About Us Aim & Mission Motto Services Audit Corporate Finance Services for Non-Residents Accounting Services Payroll Benefits of Outsourcing TDS Corporate Governance Income Tax GST Corporate Services Taxation Services Commercial Taxes Team Clients Knowledge Bank Calculators GST Calculator Tax Calculator TDS Calculator Calculate Net Profit Calculate Net Worth Effective Capital HRA NSC EMI Auto Loan Calculator Home Loan Calculator Get No. Of Installment RERA Calculator Developers Calculator Home Buyer Delay Interest Home Buyer Refund Bulletins RBI SEBI Notification Circular Income Tax Service Tax Central Sales Tax Excise Matters Customs Company Law Labour Laws FEMA The LLP Act 2008 Accounting Standard (INDAS) Others GST VAT Delhi VAT Maharastra VAT Gujarat VAT Telangana VAT Tamil Nadu VAT IGST UTGST Compensation Cess IBC Regulation Utilities Rates of TDS TDS Rates for N.R.I us 195 Rates of Income Tax Depreciation Rates Companies Act Depreciation Rates Income Tax Act ROC Filing Fees (Cos Act, 2013) ROC Fee Structure (Cos Act, 2013) Cost Inflation Index IFSC Codes MICR Codes Rates of NSC Interest Gold and Silver Rates Rates of Stamp Duty LLP Fees National Industries Classification HSN Rate List Deduction u/s 80TTA Vs 80TTB Links Quick Links Important Links GST/VAT Links Ease Of Doing Business Acts Direct Tax Income Tax Act Wealth Tax Act Income Declaration Scheme 2016 Indirect Tax Service Tax(Finance Act, 1994) Central Sales Tax Act, 1956 The Central Excise Act, 1944 Customs Act, 1962 Entry Tax Act Corporate Laws Companies Act, 2013 Companies Act, 1956 LLP ACT SEBI Act, 1992 VAT Laws Delhi Value Added Tax Act, 2004 MVAT Act, 2002 West Bengal VAT Act, 2003 Tamilnadu VAT ACT, 2006 Karnataka Value Added Tax Act, 2003 Gujarat Value Added Tax Act, 2003 UP VAT Act, 2008 Rajasthan Value Added Tax Act, 2003 Punjab Value Added Tax Act Haryana Value Added Tax Act Telangana VAT Act 2005 Andhra Pradesh VAT Act, 2005 Bihar Value Added Tax Act, 2005 Other Statutes ESI Act, 1948 PF Act, 1952 Profession Tax Act The Indian Partnership Act, 1932 Societies Registration Act, 1860 Competition Act, 2002 Reserve Bank of India Act, 1934 MRTP Act, 1969 Equalisation Levy Act, 2016 Right To Information Act, 2005 FEMA, 1999 Maharashtra RERA RERA, 2016 Insolvency & Bankruptcy Code, 2016 Benami Property Act 1988 GST Laws IGST Act , 2017 CGST Tax Act, 2017 UTGST Act, 2017 GST (Compensation to States) Act Rules Direct Tax Rules Income Tax Rules Wealth Tax Rules 1957 Income Declaration Scheme Rules 2016 Indirect Tax Rules GST Valuation Rules , 2016 Service Tax Rules CST (Delhi) Rules, 2005 CST (Maharashtra) Rules Customs Valuation Rules Cenvat Credit Rules, 2017 Entry Tax Rules Corporate Laws Rules Companies Rules, 2014 LLP Rules, 2009 LLP Winding up Rules, 2012 Cos Unpaid Dividend Rules, 1978 VAT Laws Rules Delhi VAT Rules, 2005 Maharashtra VAT Rules, 2005 West Bengal VAT Rules, 2005 Tamilnadu VAT Rules, 2007 Karnataka VAT Rules, 2005 Gujarat VAT Rules, 2006 Uttar Pradesh VAT Rules, 2008 Rajasthan VAT Rules, 2006 Punjab VAT Rules Haryana VAT Rules, 2003 Telangana VAT Rules 2005 Andhra Pradesh VAT Rules, 2005 Bihar Value Added Tax Rules, 2005 Other Statutes Profession Tax Rules NBFC Deposits Directions, 1998 NBFC & Misc NBC (Advt) Rules, 1977 NBFC Auditor Report Directions, 2008 Delhi Labour Welfare Fund Rules, 1997 Cost records and audit Rules, 2014 Baggage Rules, 2016 Equalisation Levy Rules, 2016 NCLT And NCLAT Rules Insolvency & Bankruptcy Rules Benami Property Rules, 2016 GST Rules CGST Rules, 2017 IGST Rules 2017 Forms Income Tax Forms ROC Forms (Cos Act, 2013) ROC Forms (Cos Act, 1956) Income Declaration Forms Wealth Tax Forms Service Tax Forms Companies Unpaid Dividend Forms NBFCs Forms LLP Winding up FEMA Forms LLP Forms CGST Forms GST Forms Accounts and Records Advance Ruling Appeals and Revision Assessment and Audit Composition Demands and Recovery Input Tax Credit Inspection, Search and Seizure Offences and Penalties Payment of Tax Refund Registration Returns Transitional Provisions Value of Supply Query Careers Admin Login Email Login Time Sheet Contact Us

About Us

CA.S.Krishnan hails from a family of Chartered Accountants and started his practice in 1974. He is recognized as a leading Consultant on Direct Taxes.

During the past 45 ruby years of practice, he has handled various audits including Statutory Audit, Tax Audit, Concurrent audit and Stock Audit of banks, Internal Audit of hotels and other industrial concerns.

He has acquired specialized knowledge in the field of Capital Gains in Direct Taxes and on Works Contract in Indirect Taxes and GST Applications. Tax planning in Capital Gain is his niche area. Various tax fora are respecting his advice and opinions on tax planning in respect of capital gains.

He has made various presentations on Capital Gain and other related issues at several seminars organized by the Southern India Regional Council, The Institute of Chartered Accountants of India.

Since Capital Gain is his special area of interest, he is contributing articles and opinions on web-site as well as to various Tax Journals with his analytical thinking and updating based on various court decisions on Capital Gains tax regularly.

The topics covered by him on capital gains include life interest, joint development of property, Taxation of Income of NRI's with special reference to withholding of tax under section 195 of the Income-tax Act, Family Settlement/Family Arrangement, Transfer of Property for inadequate consideration etc. and applications of GST.

He firmly believes that one should keep updating himself on a continuous basis on this subject since each and every issue which arises on the subject of capital gain taxation is unique in nature.

He is providing professional services to most of his clients for the past four and a half decade.

CAPITAL GAIN-IN A NUTSHELL

Transfer of capital assets in the form of land and buildings results in profits which are referred to as Capital gains and accordingly taxed under the head “Capital Gains” under the Indian Income-tax Act. Because of dearth of land in India there is always a demand for land, transfer of which results in huge profits. But there are lots of tax benefits available for such huge profits arising out of such transfer for which proper tax planning is essential. In order to compensate taxing of such huge profits, Indian Government acting through Central Board of Direct Taxes, the highest body so far as Direct Taxes are concerned, has introduced the concept of indexation by notifying inflation index point for each financial year (April to March).So separate index points are available for year of acquisition of capital asset, year of improvement and year of transfer of such capital asset.

Capital gain is thus difference between the selling price (total consideration) and total sum up of indexed cost of acquisition and indexed cost of Improvement in respect of a capital asset {residential property and /or land}. Any expenditure incurred wholly and exclusively in connection with transfer of such capital asset,including amount spent on travel from country of stay to India in respect of a Non Resident Individual (NRI) can be subtracted from the total sale consideration which will therefore lessen capital gains... As such, S.Krishnan has for the past several years handled capital gain issues arising out of sale of property for Residents and Non Residents. He has gained immense experience on various aspects of this subject based on the prevailing Accounting Standards, law existing on the date of transaction(s) and in the light of the latest pronouncements by Courts and Income-tax Appellate Tribunal Benches and also based on the Circulars issued by the Central Board of Direct Taxes.

With regard to tax planning in respect of capital gains, various connected issues such as definition of Transfer in relation to Capital assets, claiming of exemption for investing in a Residential House and/ or Capital Gain Bonds etc. are worked out with meticulous care and accuracy for the benefit of clients.

CA S.Krishnan has also specialized in providing professional services in connection with Repatriation of funds for Non Resident Indians (NRIs) and Persons of Indian Origin(PIOs) consequent to capital gains arising on transfer of capital assets by filing necessary documents before Income-tax Authorities as well as transferring bank to make the process hassle free for the clients.