CAclubindia Articles

Discharge of agreement and its effect on arbitration clause

FCS Deepak Pratap Singh 25 April 2022 at 08:50

The discharge of a contract is characterised as the end of an agreement or an arrangement made by a couple of parties, which results in the failure in performing or playing out the obligations referenced at the hour of making a contract with the acknowledgment of all the parties with free consent.

Labelling a Cheque as a Security Does not Obivate its Character

FCS Deepak Pratap Singh 23 April 2022 at 16:12

THE APEX COURT in its recent decision in held that merely labelling a cheque as a security would not obviate its character as an instrument designed to meet a legally enforceable debt or liability.

Non-compete fees paid to key employees at the time of joining is in the nature of "Salary Income"

FCS Deepak Pratap Singh 23 April 2022 at 11:19

Karnataka HC rules that non-compete fees paid to key employees at the time of joining is in the nature of "salary income".

Sec 10(34A) - Income on account of buyback of unlisted shares - Is it completely tax exempt?

Rish s 23 April 2022 at 08:57

Sec 10(34A) "any income arising to an assessee, being a shareholder, on account of buyback of shares (not being listed on a recognized stock exchange) by the company as referred to in section 115QA"

A Short Summary on PPF

Rish s 22 April 2022 at 11:02

All about PPF

Tally - The Accounting Software

Neethi V. Kannanth 22 April 2022 at 08:12

Tally Accounting is financial software that helps in business financial purposes. It is used for recording the daily business data of a particular company. The name of the business solution is derived from the word “tally", which means to count and keep the record.

Master Direction - RBI (Regulatory Framework for Microfinance Loans) Directions, 2022

FCS Deepak Pratap Singh 22 April 2022 at 08:12

Master Direction - Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022

GST for social media influencers

CA Puja Sharma 21 April 2022 at 08:48

Bloggers and social media influencers are categorized as OIDAR - Online Information and Database Access or Retrieval services under GST.

Third Party Insurance deemed to be transferred along with effective control over vehicle in a Hire Agreement

FCS Deepak Pratap Singh 21 April 2022 at 08:48

If you have bought a second-hand vehicle and got the vehicle registered in your name but have not made any change in the insurance policy, then you will not get the claim if the vehicle meets with an accident.

LIC policyholders are not entitled to dividend from surplus fund