Articles by FCS Deepak Pratap Singh

Residential House: Multiple Units & Tax Exemption

Posted by FCS Deepak Pratap Singh 16 March 2022 3546 Views

Discover if multiple independent units can form 'a residential house' for tax exemption under Section 54/54F. Learn how the courts interpret this.

Assigning Marine Insurance Policies: A Guide

Posted by FCS Deepak Pratap Singh 16 March 2022 2245 Views

Learn how to assign marine insurance policies. Understand the legal aspects and procedures for transferring rights and obligations under your policy.

Income Tax Attachment Order & Company Liquidation Under IBC

Posted by FCS Deepak Pratap Singh 14 March 2022 4345 Views

Discover if an income tax attachment order bars asset sales during company liquidation under IBC 2016. Understand creditor rights and priorities.

Supreme Court Locker Safety Guidelines for Banks

Posted by FCS Deepak Pratap Singh 12 March 2022 10376 Views

Discover the Supreme Court's guidelines for bank locker operations and safety. Learn about your rights and bank responsibilities following a landmark ruling.

Proposal Form Statements: Warranty or Description?

Posted by FCS Deepak Pratap Singh 11 March 2022 1654 Views

Understand if statements in your insurance proposal form are warranties or mere descriptions of risk. Learn the implications for your policy.

Unsold Flats Income: Business Income, Not House Property

Posted by FCS Deepak Pratap Singh 10 March 2022 8507 Views

Learn how income from unsold flats is treated as business income for developers, not house property income, based on a key tribunal decision.

Insolvency Professional Penalties: IBBI Circular Explained

Posted by FCS Deepak Pratap Singh 09 March 2022 2193 Views

Discover monetary penalties for insolvency professionals under IBBI circulars. Learn about contraventions and disciplinary actions for members of insolvency agencies.

Sub-leasing Tax: Business Income vs. House Property Income

Posted by FCS Deepak Pratap Singh 05 March 2022 6767 Views

Understand whether income from sub-leasing properties is taxed as business income (PGBP) or income from house property. Learn from a High Court ruling.

Section 153A IT Act: Assessment in Searched Cases

Posted by FCS Deepak Pratap Singh 04 March 2022 6667 Views

Understand assessment under Section 153A of the IT Act, 1961 for searched cases. Learn about notice issuance, scope of assessment, and key judicial pronouncements.