NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
COST OF IMPROVEMENT-ALL YOU NEED TO KNOW Cost of improvement is the capital expenditure incurred by an assessee for making any addition or improvement in the capital asset It also includes any expenditure incurred in protecting or curing the title Proving cost improvement You need a civil engineer a certificate stating the cost incurred on […]
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Saturday Brain Storming Thought (162) 23/04/2022 PROJECT AFFECTED PERSON (PAP) Project affected person (PAP) means the people directly affected by land acquisition for a community project through loss of part or all of their assets whether temporarily or permanently including land, houses, other structures, businesses, crops/trees, or other types of assets Categories of PAP 1)
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FICTITIOUS ASSETS Fictitious assets are deferred revenue expenditures with no resale value. These intangible assets are unclaimed expenses incurred in running a business and are amortized, hoping that they will benefit the company in the long run . Fictitious assets are the assets that have no tangible existence but are represented as actual cash expenditure
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HIRE PURCHASE SYSTEM IN VALUATION ALL YOU NEED TO KNOW Under the Hire-purchase system, goods are delivered to a person who agrees to pay the owner by equal periodical installments. Such installments are to be treated as hire of these goods until a certain fixed amount has been paid when these goods become the property
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National Land Monetisation Corporation (NLMC) The Union Cabinet approved the setting up of the National Land Monetisation Corporation (NLMC) to monetize surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other agencies linked to the government Central Public Sector Enterprises (CPSEs) These are those companies in which the direct holding of the
LIS PENDENS IN PROPERTY VALUATION SATURDAY BRAIN STORMING THOUGHT 26/02/2022 A Lis Pendens is an office notice to the public that a lawsuit involving a claim on a property has been filed. Lis Pendens is connected to the concept Rule of Lis Pendens The rule of Lis Pendens lays down that whoever purchases a property
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Valuation of Lessors Interest Lessor is the owner of an asset that is leased under an agreement to a lessee A lessor can be either an individual or a legal entity Lessor retains ownership of the property while generating a return on his invested capital Some lessors can also grant a “rent-to-own” least whereby
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Saturday Brain Storming Thought (150) 29/01/20211 HEDGE FUNDS VALUATION Hedge fund is a private investment partnership and funds pool that uses varied and complex proprietary strategies and invests or trades in complex products, including listed or unlisted derivatives Meaning of Hedge Fund A hedge fund is a investment vehicle that creates to high-net-worth individuals, institutional
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Saturday Brain Storming Thought (149) 22/01/2022 Non-operating Income Non-operating income is the portion of an organization’s income that is derived from activities not related to its core business operations Examples of Non-operating income 1) dividend income 2) asset impairment losses 3) gains and losses on investments 4) gains and losses on foreign exchange transactions 5)
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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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Saturday Brain Storming Thought (147) 08/01/2022 VALUE IN USE Value in use is the net present value (NPV) of a cash flow or other benefits that an asset generates for a specific owner under a specific use It is generally estimated at a use that is less than highest and best use, and therefore it
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Saturday Brain Storming Thought (146) 01/01/2022 COMPILED BY ER. AVINASH KULKARNI ASSET RECYCLING Asset recycling is a new phrase describing corporatization, marketization, and privatization of government assets An asset is recycled when a government, corporation, or bank either sells or borrows against its physical assets to get money for investment in new capital Asset Redeployability
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