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Articles by FCS Deepak Pratap Singh

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Joint development agreement and its taxability under provisions of the GST act 2017 & IT act, 1961

  FCS Deepak Pratap Singh    28 August 2020 at 10:13

Know the tax implications on Joint Development Agreement under provisions of GST and Income Tax



Tax On Income Distributed By Way Of Buy-Back Of Shares By Unlisted Companies- Anti Abuse Provision

  FCS Deepak Pratap Singh    27 August 2020 at 10:01

Buy-back of share is one of those activities through which companies distributing the surplus to their shareholders, without payment of taxes. Initial stage provisions of Section 115QA are applicable to unlisted companies, but after July 5, 2019, it became applicable to listed companies also.



Transfer Of Actionable Claims

  FCS Deepak Pratap Singh    17 August 2020 at 10:39

Actionable Claim is a claim to any debt, other than secured by mortgage of immovable property or pledge or hypothecation of some movable property, or to any beneficial interest in movable property, not in possession either actual or constructive of the claimant.



Return Of Premium Under A Contract Of Insurance

  FCS Deepak Pratap Singh    17 August 2020 at 10:39

The contract of insurance is based on good faith, the insured /prospect have to disclose all relevant facts, required by the insurance company to underwrite risk and decide premium.



Lease, Agreement to lease & license and differences

  FCS Deepak Pratap Singh    17 August 2020 at 10:39

A lease of immovable property is a transfer of a right to enjoy such property, made for a certain time, express or implied, or in perpetuity, in consideration of a price paid or promised.



Works contracts and implications in real estate under GST

  FCS Deepak Pratap Singh    03 August 2020 at 10:47

Since GST implementation in Real Estate Sector, various disputes have come to notice of government. We have debated much on definition and applicability of GST on Work Contracts related to Real Estate Sector.



Types of fraud in insurance and remedies

  FCS Deepak Pratap Singh    22 July 2020 at 09:39

Insurance fraud occurs when people deceive an insurance company in order to collect money to which they are not entitled.



New Consumer Protection Act, 2019- Salient features

  FCS Deepak Pratap Singh    21 July 2020 at 12:26

The new Consumer Protection Act 2019 came into force on the 20th of July. The act will replace the 34 years old act



Expenditure related to exempt income

  FCS Deepak Pratap Singh    13 July 2020 at 09:33

An assessee is not required to pay any tax on exempt incomes and hence any expenditure incurred for earning these types of income should not be allowed to be deducted from taxable profit of an assessee.



Meaning of the word “Accident” under insurance

  FCS Deepak Pratap Singh    10 July 2020 at 09:44

Meaning of the word “Accident” under insurance