Guide to Taxation and Legal Concern |Simplified Laws » Case Study http://www.simplifiedlaws.com Simplified Laws is not just about tax Laws. but about ‘Laws of Life’. Sat, 12 Nov 2016 00:58:35 +0000 en-US hourly 1 No cold call agreements and antitrust litigationshttp://www.simplifiedlaws.com/no-cold-call-agreements-and-antitrust-litigations/ http://www.simplifiedlaws.com/no-cold-call-agreements-and-antitrust-litigations/#comments Fri, 05 Feb 2016 01:17:48 +0000 http://www.simplifiedlaws.com/?p=6484 A couple of years back, I received a call from a company asking whether I would be interested in joining an upcoming hospital in the Middle East. It was a surprise call as I didn’t apply for any job or intend to take an employment. I understood that they ‘churn the data base and make ...

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All you want to know about National Herald Casehttp://www.simplifiedlaws.com/all-you-want-to-know-about-national-herald-case/ http://www.simplifiedlaws.com/all-you-want-to-know-about-national-herald-case/#comments Wed, 09 Dec 2015 01:00:47 +0000 http://www.simplifiedlaws.com/?p=4634 The National Herald was a newspaper established by Jawaharlal Nehru in 1938.  It is regarded to have served as Nehru’s mouthpiece and that of the then Congress party in the pre-independence era. The newspaper was run by a company called Associated Journal (AJPL, also a public entity) when it was shut down in 2008. AJPL ...

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Supreme Court rejects Kingfisher’s plea challenging Rs 372 Cr TDS demand. A case studyhttp://www.simplifiedlaws.com/supreme-court-rejects-kingfishers-plea-challenging-rs-372-cr-tds-demand-a-case-study/ http://www.simplifiedlaws.com/supreme-court-rejects-kingfishers-plea-challenging-rs-372-cr-tds-demand-a-case-study/#comments Sun, 12 Apr 2015 04:53:16 +0000 http://www.simplifiedlaws.com/?p=2336   I have written a couple of articles about Kingfisher defaults to bankers and income tax department. In continuation of Kingfisher saga, here is the update.   The Beginning It was started with Income Tax Department conducting a survey u/s 133A of I T Act, on the premises of Kingfisher Airlines. During the course of ...

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What the Central Government is not doing?http://www.simplifiedlaws.com/what-the-central-government-is-not-doing/ http://www.simplifiedlaws.com/what-the-central-government-is-not-doing/#comments Thu, 12 Feb 2015 05:35:15 +0000 http://www.simplifiedlaws.com/?p=2138   After the victory of AAP in Delhi, today’s newspapers have carried a lot of articles and reports about ‘lessons to PM Modi’. Everyone has made it a point to suggest or advice our PM. I don’t want to be the odd man out. I would also like to join this bandwagon, but with a ...

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Pass percentage of CA Final and CPT Nov 2014http://www.simplifiedlaws.com/pass-percentage-of-ca-final-cpt-nov-dec-2014/ http://www.simplifiedlaws.com/pass-percentage-of-ca-final-cpt-nov-dec-2014/#comments Tue, 20 Jan 2015 00:58:17 +0000 http://www.simplifiedlaws.com/?p=2087   Institute of Chartered Accountant of India (ICAI) declares results of Chartered Accountants  Final Examination held in November 2014 Common Proficiency Test (CPT) held in December 2014.    Pass Percentage as declared by ICAI is shared below                                  

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Newspaper and Milk Delivery Boys Dayhttp://www.simplifiedlaws.com/newspaper-and-milk-delivery-boys-day/ http://www.simplifiedlaws.com/newspaper-and-milk-delivery-boys-day/#comments Mon, 29 Dec 2014 08:35:33 +0000 http://www.simplifiedlaws.com/?p=2021   The whole world celebrates each day of the year dedicating to some person or to some cause. For example 5th June is celebrated as World Environment Day. Similarly, we should mark a day for Newspaper and Milk delivery boys! This article is about them   When most of us wake up in the morning, ...

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Succession planning in Small and Medium Enterprises in Indiahttp://www.simplifiedlaws.com/succession-planning-in-small-and-medium-enterprises-in-india/ http://www.simplifiedlaws.com/succession-planning-in-small-and-medium-enterprises-in-india/#comments Tue, 25 Nov 2014 09:39:49 +0000 http://www.simplifiedlaws.com/?p=1796   One day a client of ours, aged about 68 years, owner of a well-established Small and Medium Enterprise (SME) unit at Jigani Industrial area, Bangalore wanted our inputs about the succession planning for his enterprise. He has a son who has studied engineering at BMS College and did his masters from USA. Post qualification, ...

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Kingfisher may fly free leaving bankers at the Airport Terminalhttp://www.simplifiedlaws.com/kingfisher-may-fly-free-leaving-bankers-at-the-airport-terminal/ http://www.simplifiedlaws.com/kingfisher-may-fly-free-leaving-bankers-at-the-airport-terminal/#comments Thu, 17 Jul 2014 07:45:14 +0000 http://morningposts.simplifiedlaws.com/?p=375 The then Finance Minister P Chidambaram advised public sector banks to take action against Wilful defaulters, especially in the case where the ‘promoter is prosperous but the company is sick” As per RBI guidelines, a wilful default is deemed to have occurred if– (a) The unit has defaulted in meeting its payment / repayment obligations ...

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Loan to Kingfisher Airlines case study – Banker is clean bowled for no ballhttp://www.simplifiedlaws.com/loan-to-kingfisher-airlines-case-study-banker-is-clean-bowled-for-no-ball/ http://www.simplifiedlaws.com/loan-to-kingfisher-airlines-case-study-banker-is-clean-bowled-for-no-ball/#comments Wed, 16 Jul 2014 13:31:59 +0000 http://morningposts.simplifiedlaws.com/?p=370 The country’s largest lender State Bank of India is exploring ways to declare the company, Chairman and CEO of the company a Wilful defaulter and is presently making forensic audit of the documents What is  Forensic Audit? It is a known fact that every company has to get its books audited by a qualified Chartered Accountant. ...

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Tax Default by Kingfisher Airlines – case study Part IIhttp://www.simplifiedlaws.com/tax-default-by-kingfisher-airlines-case-study-part-ii/ http://www.simplifiedlaws.com/tax-default-by-kingfisher-airlines-case-study-part-ii/#comments Tue, 15 Jul 2014 08:26:14 +0000 http://morningposts.simplifiedlaws.com/?p=360 (Continued from yesterday’s article) KFA failed to deposit 50% of TDS dues as directed by High Court. So, the department initiated Criminal Proceedings against KFA and its CEO. Stage Two – Criminal Proceedings Summary of Facts – The department initiated criminal proceedings against the company and its CEO and the matter is pending with Special ...

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