Articles by FCS Deepak Pratap Singh

Some facts related to "Equalisation Levy"

Posted by FCS Deepak Pratap Singh 07 July 2020 1808 Views

CBDT has issued a notification dated 27th May 2016 stating that provision of chapter VIII relating to equalization levy would come into effect from 01st June 2016.

Taxation of companies after the taxation laws (amendment) ordinance ,2019

Posted by FCS Deepak Pratap Singh 03 July 2020 2295 Views

Taxation of companies after the taxation laws (amendment) ordinance ,2019

Gift to company of its own shares

Posted by FCS Deepak Pratap Singh 08 April 2020 3466 Views

Company cannot become its own member and hence any bequest or gift of shares of the company to the company is not valid because a company cannot hold its own shares in its own name and its name cannot be entered in the Register of members.

Assignment of copyrights

Posted by FCS Deepak Pratap Singh 07 April 2020 1348 Views

Assignment of copyright can be done in exiting work at the time of assignment. Section 18 permits assignment by a prospective owner, i.e. a person, who is not the first owner in future work. Proviso provides that the parties can enter into an agreement for assignment of copyright in future work.

GAAR: General anti-avoidance rules

Posted by FCS Deepak Pratap Singh 06 April 2020 2135 Views

We know that tax is a compulsory contribution to state revenue, levied by government on worker's income and business profit, or added to the cost of some goods, services and transactions.

Impact of GST on advances/security deposits

Posted by FCS Deepak Pratap Singh 02 April 2020 3460 Views

Know the provisions of GST on advances/security deposit et, and how advances and considerations are treated under GST.

Best judgement assessment under the income tax act, 1961

Posted by FCS Deepak Pratap Singh 31 March 2020 5103 Views

As per Best judgment assessment under the income tax act, 1961 the AO, after taking into account all relevant material which he has gathered, is under an obligation to make an assessment of the total income or loss to the best of his judgment and determines the tax payable by the assessee.