Articles by FCS Deepak Pratap Singh

Whether provisions of Section 194Q will be applicable on transfer of unlisted shares

FCS Deepak Pratap Singh 10 July 2021 at 09:26

Section 194Q provides that a purchaser of goods/services shall deduct TDS @0.1% from the amount paid to a seller if the total purchases during the year exceed Rs. 50 lakhs and the turnover in the immediately preceding PY exceeds Rs. 10 crores.

Whether ITC on goods/services used in the construction of mall can be used against GST payable on rental income?

FCS Deepak Pratap Singh 05 July 2021 at 09:00

The Orissa High Court in the case of - Safari retreats (P.) Ltd. vs Chief Commissioner of CGSTallowed ITC of construction material and services used for construction of a mall in which shops were leased post construction instead of being sold.

Prohibition on loans or advances under Insurance Act, 1938

FCS Deepak Pratap Singh 21 June 2021 at 09:39

In the Insurance Act, loan/advance on insurance policies of full time employees of the company is allowed, provided that the amount of loan or advance should not exceed the surrender value of the policy at the time of granting loan/advance.

Tax Planning tips for individuals & HUF for FY 2021-22

FCS Deepak Pratap Singh 26 April 2021 at 09:44

You Can Save Your Taxes By Using Various Exemptions And Deductions Provided By The Government Under Various Provisions Of Income Tax Act,1961. Discussing the same in this article.

Ratio Analysis Techniques

FCS Deepak Pratap Singh 12 April 2021 at 17:14

Ratio Analysis reduces guesswork on the financial soundness and performance of a company and provides a sound basis of the status of a company on a particular date.

Section 50D of the Income Tax Act - An Analysis

FCS Deepak Pratap Singh 12 April 2021 at 09:49

The main purpose of the introduction of Section 50D is to check and prohibit freebies distributed by large business corporations to unrelated or strangers to avoid payment of tax.

Insurance Companies: Regulatory Updates Of Quarter Ended On 31st March 21

FCS Deepak Pratap Singh 10 April 2021 at 09:17

The IRDAI and Insurance Law updates provides synopsis of the introduction, amendments and changes brought by the Government and IRDAI in the previous quarter ended on (31st March 2021) is being published in this bulletin.

Section 143(1) of the Income Tax Act - Summary Assessment without Presence or Calling of an Assessee

FCS Deepak Pratap Singh 10 April 2021 at 09:17

An assessee would receive intimation under Section 143(1) if the assessee has paid either more or less than the amount which he is actually liable to pay.

Analysis Of Sec 45(2): Conversion Of Capital Asset Into Stock In Trade

FCS Deepak Pratap Singh 10 April 2021 at 09:17

Section 45(2) states that conversion of Capital Asset into business asset has been treated as a transfer of asset and Capital Gain is attracted on such conversion.

Evolution Of Performance Of Board Of Directors

FCS Deepak Pratap Singh 19 March 2021 at 09:50

Performance evaluation is the process of evaluating how effectively employees are fulfilling their job responsibilities and contributing to the accomplishment of organizational goals.