Articles by FCS Deepak Pratap Singh

SC: An insurer cannot repudiate a claim by citing an existing medical condition

FCS Deepak Pratap Singh 15 January 2022 at 18:14

The facts, in a nutshell, are that the appellant had sought an overseas mediclaim policy (hereinafter referred to as "medical policy") as he intended to travel to the United States of America ("USA") to attend the wedding of his sister-in-law's daughter.

Whether benefits of Section 23(2) available to HUF?

FCS Deepak Pratap Singh 15 January 2022 at 07:29

From decision of Gujarat High Court, it is clear that a HUF is a group of natural persons, who are related to each other with blood relations. A HUF consisting of natural persons cannot be considered as a fictional entity and can be considered as owner of a house property and enjoy benefits of the provisions of Section 23(2) of the Income Tax Act, 1961.

Applicability of provisions of Section 35AD of Income Tax Act, 1961

FCS Deepak Pratap Singh 14 January 2022 at 08:15

Section 35AD provides for investment-linked tax incentive for Specified Business

Why should you be cautious in a bull market?

FCS Deepak Pratap Singh 13 January 2022 at 09:27

The stock market helps to value the securities on the basis of demand and supply factors. The securities of profitable and growth-oriented companies are valued higher as there is more demand for such securities. The valuation of securities is useful for investors, government and creditors.

Downstream investments & regulations under FEMA 1999

FCS Deepak Pratap Singh 12 January 2022 at 11:45

Downstream Investment under FEMA,1999 means investment by an Indian entity having FDI into another Indian entity. The first foreign investment is called Foreign Direct Investment and later one is called Foreign Indirect Investment.

Concept of Rupee Denominated Bonds (Masala Bonds)

FCS Deepak Pratap Singh 11 January 2022 at 10:45

The RBI after consultation with the Department of Economic Affairs, Ministry of Finance, Government of India has come out with the concept of Rupee Denominated Bonds, generally known as "MASALA BONDS" in the overseas market. These bonds are utilized as a tool by eligible Indian entities to raise funds from overseas.

Definition of Carpet Area under RERA 2016

FCS Deepak Pratap Singh 10 January 2022 at 08:44

Real Estate Sector before introduction of RERA,2016 was one of the most unregulated sector in the country. We know that the Real Estate Sector is contributing around 6.5 to 7% of the GDP of India.

Features of Marine Insurance

FCS Deepak Pratap Singh 09 January 2022 at 07:59

The Marine Insurance act, 1963, is designed to regulate the transactions of marine insurance businesses of hull, cargo and freight.

Persons entitled to payment under an insurance policy

FCS Deepak Pratap Singh 08 January 2022 at 09:29

The insurance provides us short range as well as long range relief. The short-term relief is aimed at protecting the assured from loss of property and life. The long-term object being industrial and economical growth of country and the society.

Relief under double taxation avoidance agreement

FCS Deepak Pratap Singh 06 January 2022 at 08:43

The Income Tax Act, 1961 provides for taxation of a certain income earned in India by Mr. X a non-resident. The DTAA, which applied to Mr. X provides for taxation of such income in the country of his residence. Examine, is Mr. X is liable to pay tax on such income earned by him in India?.