Author: Nirmal Ghorawat
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Hindu Undivided Family – Coparcener versus Member
A coparcener is a person who acquires a right in the ancestral property by birth and a person who has a right to demand partition in the HUF property. Any…
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Claim of Exemption from Capital Gains by Legal Representative filing ITR
Facts of the case : Assessee transferred a capital asset resulting in a Capital Gain but died before filing his Income Tax return / making deposit or investment for purpose…
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(Fiat) Money as Securitization – an impending crisis?
Google Dictionary defines securitisation as the process of “conversion of asset into marketable securities.” Investopedia defines Securitisation “as the procedure where an issuer designs a marketable financial instrument by merging or pooling…
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Capital Allocation Psychology – Profit booking / No loss booking and Averaging
A largely prevalent Investor / Trader psychology is to make gains in every script in the portfolio (even if assessing returns on investment on the whole portfolio). So these investors…
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INTERPLAY OF BENAMI LAW, AS AMENDED IN 2016, TRANSFER OF PROPERTY ACT, 1882 AND REGISTRATION ACT, 1908 IN CASE OF PART PERFORMANCE OF CONTRACT OF TRANSFER OF IMMOVEABLE PROPERTY (SECTION 53A)
According to para 2 of Section 54 of The Transfer of Property Act, 1882 – Transfer by way of Sale in a Immoveable property of value exceeding Rs 100 can…
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Moneylending related offence included under PASA in Gujarat
The Governor of Gujarat has promulgated ‘The Gujarat Prevention of Anti Social Activities (Amendment) Ordinance, 2020’ with effect from 07 September 2020. Clause (ga) inserted in Section 2 defines a…
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Banning of Unregulated Deposit Schemes
1. The Government of India has promulgated ‘The Banning of Unregulated Deposit Schemes Act, 2019’ (21 of 2019) and it has commenced from 21 February 2019. Further, the Department of…
