Articles by FCS Deepak Pratap Singh

Whether sum received from Subsidiary to the holding company in a scheme approved by High Court considered as Slump Sale

FCS Deepak Pratap Singh 14 November 2021 at 11:57

Whether any sum received from a subsidiary company by a holding company under scheme of arrangement sanctioned by High Court under provisions of Section 391 to 394 of the Companies Act, 2013 , be treated as 'Slump Sale' and liable to Capital Gain Tax?

Whether depreciation on acquired goodwill allowable under provisions of Income Tax Act 1961

FCS Deepak Pratap Singh 12 November 2021 at 09:44

As per Section 32(1)(ii), depreciation is allowable in respect of know-how, patent, copyrights, trademarks, licenses, franchises or any other business or commercial rights of similar nature.

Concept Of Deductible & Co-Payment Under Insurance

FCS Deepak Pratap Singh 11 November 2021 at 09:31

Insurance is a valuable method of transfer and reduction of risk. We generally transfer our risks to the insurance companies on the basis of payment of a small consideration called premium.

Corporate Communique - October 2021

FCS Deepak Pratap Singh 10 November 2021 at 09:30

This communique is an attempt to share with readers various circulars, notifications, guidelines etc., issued by the Government, SEBI, MCA, RBI and IRDAI during the month of October 2021.

Use of excessive UPI may invite notice from Income Tax & GST Department

FCS Deepak Pratap Singh 08 November 2021 at 09:43

USE OF EXCESSIVE UPI -MAY INVITE NOTICE FROM INCOME TAX/GST DEPARTMENT Dear Friends,We are living in a modern world, where we are using various types of gadget..

Claim cannot be denied to the seller of the vehicle on the fact that the vehicle is sold to another person

FCS Deepak Pratap Singh 08 November 2021 at 09:43

Claim cannot be denied to the seller of the vehicle on the fact that the vehicle is sold to another person unless the sale is complete and ownership of the vehicle is transferred to buyer

An ineligible person u/s 29A is also not eligible to propose scheme of compromise & arrangement

FCS Deepak Pratap Singh 05 November 2021 at 12:44

A Person Ineligible u/s 29A IBC to Submit Resolution Plan Cannot Propose Scheme of Compromise & Arrangement u/s 230 Companies Act 2013.

Policy Wordings & A Funny Incident Of Insurance Fraud

FCS Deepak Pratap Singh 05 November 2021 at 12:44

The frauds generally happen for sake of financial gain by applying dubious methods by the fraudsters. Insurance industry is the most vulnerable for various types of fares by policyholders, intermediaries, employees and others.

Important Updates by IRDAI from July 2021 to October 2021

FCS Deepak Pratap Singh 03 November 2021 at 09:33

REGULATORY UPDATES -A GIST OF IMPORTANT CIRCULARS/NOTIFICATIONS/GUIDELINES ISSUED BY THE AUTHORITY(IRDAI).

Whether Registration Of Copyright Is Not Necessary To Sue For Infringement

FCS Deepak Pratap Singh 02 November 2021 at 09:21

For bringing suit for infringement of copyrights it is not necessary that subject matter should be registered with Registrar of Copyrights. But in case of infringement of a trade mark, the registration of trade mark is necessary for bringing any suit for infringement.