LITTLITT Try LITT free
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 15: DEBT REPAYMENT SCHEME

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 2. PART 2 3. PART 3 4. PART 4 5. PART

Sushant Shukla· ·6 min read
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 14: VOLUNTARY ARRANGEMENTS

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 2. PART 2 3. PART 3 4. PART 4 5. PART

Sushant Shukla· ·7 min read
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 13: BANKRUPTCY — PRELIMINARY

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 2. PART 2 3. PART 3 4. PART 4 5. PART

Sushant Shukla· ·6 min read
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 12: GENERAL PROVISIONS APPLICABLE TO PARTS 4 TO 11

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 2. PART 2 3. PART 3 4. PART 4 5. PART

Sushant Shukla· ·7 min read
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 11: CROSS-BORDER INSOLVENCY

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 2. PART 2 3. PART 3 4. PART 4 5. PART

Sushant Shukla· ·5 min read
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 10: A

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 2. PART 2 3. PART 3 4. PART 4 5. PART

Sushant Shukla· ·5 min read
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 10: WINDING UP OF UNREGISTERED COMPANIES

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 2. PART 2 3. PART 3 4. PART 4 5. PART

Sushant Shukla· ·12 min read
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 9: PROVISIONS APPLICABLE IN JUDICIAL

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 2. PART 2 3. PART 3 4. PART 4 5. PART

Sushant Shukla· ·9 min read
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 8: WINDING UP

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 2. PART 2 3. PART 3 4. PART 4 5. PART

Sushant Shukla· ·7 min read
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 7: JUDICIAL MANAGEMENT

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 2. PART 2 3. PART 3 4. PART 4 5. PART

Sushant Shukla· ·8 min read
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 6: CORPORATE INSOLVENCY — RECEIVERSHIP

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 2. PART 2 3. PART 3 4. PART 4 5. PART

Sushant Shukla· ·10 min read
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 5: A

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 2. PART 2 3. PART 3 4. PART 4 5. PART

Sushant Shukla· ·5 min read
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 5: SCHEME OF ARRANGEMENT

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 2. PART 2 3. PART 3 4. PART 4 5. PART

Sushant Shukla· ·8 min read
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 4: CORPORATE INSOLVENCY, RESTRUCTURING AND

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 2. PART 2 3. PART 3 4. PART 4 (this article)

Sushant Shukla· ·5 min read
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 3: OFFICIAL ASSIGNEE, OFFICIAL RECEIVER

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 2. PART 2 3. PART 3 (this article) 4. PART 4

Sushant Shukla· ·8 min read
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 2: JURISDICTION, POWERS AND PROCEDURE OF COURT

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 2. PART 2 (this article) 3. PART 3 4. PART 4

Sushant Shukla· ·7 min read
Singapore

Insolvency, Restructuring and Dissolution Act 2018 — PART 1: PRELIMINARY

Part of a comprehensive analysis of the Insolvency, Restructuring and Dissolution Act 2018 All Parts in This Series 1. PART 1 (this article) 2. PART 2 3. PART 3 4. PART 4

Sushant Shukla· ·4 min read
Singapore

Income Tax Act 1947 — PART 11: RATES OF TAX

Taxation of Individuals Under Section 42(1) Section 42(1) of the Income Tax Act 1947 establishes the fundamental framework for taxing individuals resident in Singapore. It mandates that tax is levied and paid annually on the chargeable income of every person, excluding certain categories such as bod

Sushant Shukla· ·10 min read
Singapore

Income Tax Act 1947 — PART 10: ASCERTAINMENT OF CHARGEABLE INCOME

Determination of Chargeable Income Under the Income Tax Act 1947 The Income Tax Act 1947 establishes a clear framework for the ascertainment of chargeable income, which is fundamental to the computation of tax liability for any person in Singapore. Section 38 explicitly defines chargeable income as

Sushant Shukla· ·6 min read
Singapore

Income Tax Act 1947 — PART 9: ASCERTAINMENT OF ASSESSABLE INCOME

Definition and Calculation of Assessable Income under Section 37 The cornerstone of the ascertainment of assessable income in Singapore’s Income Tax Act 1947 lies in Section 37(1). This provision establishes the fundamental principle that a person’s assessable income for any year of assessment is de

Sushant Shukla· ·7 min read
Singapore

Income Tax Act 1947 — PART 8: ASCERTAINMENT OF STATUTORY INCOME

Computation of Statutory Income Under Section 35 Section 35 of the Income Tax Act 1947 establishes the foundational principle for determining the statutory income of any person for each year of assessment. This provision mandates that the statutory income is calculated as the full amount of the pers

Sushant Shukla· ·9 min read
Singapore

Income Tax Act 1947 — PART 7: ASCERTAINMENT OF CERTAIN INCOME

Scope and Purpose of Ascertainment of Certain Income The Part on Ascertainment of Certain Income within the Income Tax Act 1947 establishes specialized rules for determining the profits or income of specific categories of businesses and persons for income tax purposes. This includes insurers, non-re

Sushant Shukla· ·11 min read
Singapore

Income Tax Act 1947 — PART 6: CAPITAL ALLOWANCES

Initial and Annual Allowances for Industrial Buildings and Structures The Income Tax Act 1947 establishes a comprehensive framework for capital allowances aimed at encouraging investment in industrial infrastructure. Section 16(1) is pivotal in this regard, providing for initial allowances on capita

Sushant Shukla· ·7 min read
Singapore

Income Tax Act 1947 — PART 5: DEDUCTIONS AGAINST INCOME

General Scope and Purpose of Deductions Against Income The Income Tax Act 1947 establishes a comprehensive framework for deductions against income to ensure that taxpayers are taxed fairly on their net income rather than gross receipts. The fundamental principle underpinning Part Deductions Against

Sushant Shukla· ·7 min read