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Format for Empanelment in Custodian of Enemy Properties of India (CEPI)

Format for Application for Empanelment in Custodian of Enemy Properties of India (CEPI) QUESTION & OPINION B. Kanaga Sabapathy 21.01.2022 Question : For the purpose of valuation of Enemy properties, I want to get empanelled with the Custodian of Enemy Properties of India (CEPI). Is there any standard format of application for empanelment? If yes, […]

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What is meant by Embezzlement in Real Estate-Is it illegal?

AVINASH KULKARNI / CEV News

Saturday Brain Storming Thought (148) 15/01/2022 Embezzlement in Real Estate This is an offense where someone defrauds another person out of money or property. Embezzlement occurs when someone steals or misappropriates what they were entrusted to manage or safeguard. The property or asset need not be substantial value for embezzlement to occur. Key Takeaways of Embezzlement 1)

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DIFFERENCE BETWEEN SALE AND AGREEMENT TO SELL

CAREER / CEV News

A sale is a type of contract in which the seller transfers the ownership of goods to the buyer for a money consideration. Here the relationship between the seller and buyer is of creditor and debtor. It is the result of an agreement to sell when the conditions are fulfilled and the specified time is

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SALIENT FEATURES OF THE CONSTITUTION OF INDIA

CAREER / CEV News

The Constitution of India, the longest written constitution of any country, is considered the supreme law of the nation and demarcates the structure, framework, powers, and duties of government institutions. India observes Constitution Day on November 26 every year to pay its respects to the significant piece of document that lays down the entire framework

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MEANING OF WILL AND ITS FEATURES

CAREER / CEV News

Will means the legal declaration of the intention of a person with respect to his property, which he desires to take effect after his death. It is a unilateral document and takes effect after the death of the person making it. It can be revoked or altered by the maker of it at any time

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BASIC DIFFERENCE OF MARKET VALUE AND FAIR MARKET VALUE

EDUCATION SERIES / CEV News

DIFFERENCE BETWEEN MARKET VALUE AND FAIR MARKET VALUE Fair value is the most used term for valuing an asset. Fair value can be best defined as the value by which an asset changes hands between two parties. It is more likely traced with the fair value of a share price. On the other hand, the

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ADVANTAGES AND LIMITATIONS OF HEDONIC PRICING

CAREER / CEV News

The hedonic pricing method – is used in the determination of the economic value for an ecosystem service or external factor that may influence the market price of a good or asset. The method is commonly applied in the valuation of properties, such as houses, and accounts for economic costs or benefits, which may influence

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DIFFERENCE BETWEEN DEBIT NOTE & CREDIT NOTE

CAREER / CEV News

DEBIT NOTE A debit note, or a debit memo, is a document issued by a seller to a buyer to notify them of current debt obligations. You’ll commonly come across these notes in business-to-business transactions — for example, one business may supply another with goods or services before an official invoice is sent. The debit note

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CAN VALUER ISSUE REPORT FOR OLD BUILDING WITH NO PLAN

B. KANAGA SABAPATHY / CEV News

QUESTION & OPINION B. Kanaga Sabapathy 12.01.2022 Question : There is a house property in the congested area which is purely meant for residential. The building is 30 years old which is sanctioned but a sanction plan is not available. Only a letter is available but area details are not mentioned on it. The building

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MEANING, NEED AND PROCESS OF BOOK-KEEPING

EDUCATION SERIES / CEV News

Bookkeeping is a process of recording and organizing all the business transactions that have occurred in the course of the business. Bookkeeping is an integral part of accounting and largely focuses on recording day-to-day financial transaction of the business. Bookkeeping is the process of recording your company’s financial transactions into organized accounts on a daily

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PROCESS OF ACCOUNTING

EDUCATION SERIES / CEV News

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company’s operations, financial position, and cash.

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DOUBLE ENTRY SYSTEM IN ACCOUNTING

EDUCATION SERIES / CEV News

The Double entry system of bookkeeping is undoubtedly the fundamental and most prevalent bookkeeping system in the accounting world. The Double-entry system is a system of bookkeeping where every financial transaction is recorded in at least 2 different accounts, with equal and opposite effects on the respective accounts. In a double-entry system, the entries are made in the system to

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