CAclubindia Articles

How to buy a home without a loan

Suhasini 13 April 2022 at 09:04

The huge cost incurred in the acquisition of a house is bad but a massive loan spanning over the majority of a person's life isn't any better. This is why today, we explore the financial journey of buying a home without a loan.

SC: A "Going concern sale" on an "as is where basis" means sale of both assets & liabilities

FCS Deepak Pratap Singh 13 April 2022 at 08:46

A 'going concern sale' on an 'as is where basis' does not dissolve the corporate debtor, rather, it forms a part of the liquidation estate wherein the entire business, including assets and liabilities, including all contracts, licences, concessions, agreements, benefits, privileges, rights, or interests, is transferred to the purchaser.

All About Unit Linked Insurance Plan (ULIP)

Neethi V. Kannanth 12 April 2022 at 08:56

Unit Linked Insurance Plan (ULIP) is a mix of insurance along with investment. From a ULIP, the goal is to provide wealth creation along with life cover where the insurance company puts a portion of your investment towards life insurance and rest into a fund that is based on equity or debt or both and matches with your long-term goals.

A debt not being part of resolution plan would not be legally actionable

FCS Deepak Pratap Singh 12 April 2022 at 08:56

Once the resolution plan was approved, all claims stood frozen and a claim which did not form a part of the final resolution plan would not be legally actionable.

Now Agriculture Income Under Strict Scrutiny

CA Umesh Sharma 11 April 2022 at 15:21

CAG has prepared a report on Assessments Relating to Agriculture Income which was presented in the 49th report of the Public Accounts Committee which clearly stated that the rich farmers whose agriculture income exceeds Rs 10 lakh per year limit, will face stricter scrutiny of agricultural income.