Articles by FCS Deepak Pratap Singh

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Meaning of the word “Accident” under insurance

FCS Deepak Pratap Singh 10 July 2020 at 09:44

Meaning of the word “Accident” under insurance

Expenditure on scientific research and its treatment under income tax act, 1961

FCS Deepak Pratap Singh 09 July 2020 at 09:59

Scientific Researches play important role in development of any country. The industrial houses are encouraged to establish their own research house or to donate in various Universities, IITs and other education institutions.

Some facts related to "Equalisation Levy"

FCS Deepak Pratap Singh 06 July 2020 at 09:11

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

FCS Deepak Pratap Singh 03 July 2020 at 10:30

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

Furnishing of information regarding remittance to non-resident

FCS Deepak Pratap Singh 27 June 2020 at 10:32

A person making payment to a Non-Resident /Foreign entity is required to furnish an undertaking in Form 15CA in digital mode. In some cases, department requires a Certificate From CA, in Form 15CB to be uploaded with the Form 15CA.

Assignment or transmission of trademarks

FCS Deepak Pratap Singh 10 April 2020 at 11:32

We can trace development and use of Trade Marks from the days of industrial revolution. This was the face during which trade and commerce were at the top and world got an environment of good business practices. In industrial revolution era, various products had been developed, various innovations had been made. The industrial exploitation of various new goods was at top.

Gift to company of its own shares

FCS Deepak Pratap Singh 08 April 2020 at 10:47

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

FCS Deepak Pratap Singh 07 April 2020 at 10:37

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

FCS Deepak Pratap Singh 06 April 2020 at 12:17

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.

Best judgement assessment under the income tax act, 1961

FCS Deepak Pratap Singh 31 March 2020 at 10:46

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.