Articles by FCS Deepak Pratap Singh

Tax on Self-Generated Goodwill: Proprietorship to Partnership

Posted by FCS Deepak Pratap Singh 19 October 2021 4038 Views

Understand the tax implications of self-generated goodwill when converting a sole proprietorship to a partnership. Learn about capital gains tax and cost of acquisition.

Medical Expenses Abroad: Taxable Perquisite for Directors?

Posted by FCS Deepak Pratap Singh 19 October 2021 4712 Views

Discover if medical expenses incurred abroad for a director are taxable as a perquisite. Understand Section 17(2)(vi) and its implications.

Director Misconduct: Diverting Business Opportunities

Posted by FCS Deepak Pratap Singh 19 October 2021 2103 Views

Learn how directors' fiduciary duties prevent them from diverting company business opportunities for personal gain. Understand disclosure requirements and liabilities.

Tax on Converting Self-Occupied Property to HUF

Posted by FCS Deepak Pratap Singh 13 October 2021 2263 Views

Understand the tax implications of converting your self-occupied property into a Joint Family (HUF) asset. Learn about Section 64(2) and the Doctrine of Blending.

Commissioner's Power: Revise CIT(A) Matters? Sec 263/264

Posted by FCS Deepak Pratap Singh 13 October 2021 1418 Views

Understand the Commissioner's powers under Sections 263 & 264 of the Income Tax Act regarding revising matters before the CIT (Appeals). Learn what's possible.

Remuneration to Partners: Disallowed by AO?

Posted by FCS Deepak Pratap Singh 13 October 2021 1597 Views

Understand if an Assessing Officer can disallow increased partner remuneration when authorised by a Partnership Deed and within statutory limits.

Deemed Dividend Tax: Is Non-Gratuitous Company Payment Taxable?

Posted by FCS Deepak Pratap Singh 07 October 2021 1297 Views

Discover if non-gratuitous payments from a company to a shareholder are taxable as deemed dividends under Section 2(22)(e) of the Income Tax Act. Learn more!