NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
Saturday Brain Storming Thought 28/11/2020 By Er Avinash Kulkarni Soil Stabilization It is defined as chemical or physical treatments which increase or maintain the stability of a soil or improve its engineering properties It is a general term for any physical, chemical, mechanical, biological or combined method of changing a natural soil to meet an […]
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Saturday Brain Storming Thought (88) 21/11/2020 Moratorium- BY Er Avinash Kulkarni A moratorium is a temporary suspension of an activity or law until future consideration warrants lifting the suspension, such as if and when the issues that led to moratorium have been resolved Moratorium are often imposed in response to temporary financial hardships Purpose of
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EDUCATION SERIES Saturday Brain Storming Thought (87) 14/11/2020-By Vr Avinash Kulkarni Annuity It is defined as the net annual payment (return on investment) for the capital invested in an immovable property or any other form of investment Examples of Annuity 1)Rent from land/house 2) Interest on fixed deposits 3) Yield on government security 4) monthly
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Saturday Brain Storming Thought (86) 07/11/2020- By Vr Avinash Kulkarni Contingent Valuation Contingent Valuation is a survey based method of determining the economic value of a nonmarket resource It is used to estimate the value of resources and goods not typically traded in economic markets It is most commonly related to natural and environmental resources
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Saturday Brain Storming Thought (85) 31/10/2020-By Vr Avinash Kulkarni Confidentiality in Valuation It is used to say that what you are telling a someone is a secret and should not be discussed with anyone else Valuers must not disseminate information provided in confidence by the client, beyond its stated purpose, or without prior informed consent
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Saturday Brain Storming Thought (84) 24/10/2020 -BY VR AVINASH KULKARNI Independence and Disclosure of Interest Valuators will employ independent and objective judgement in reaching conclusions and will decide all matters on their merits, free from bias, advocacy and conflicts of interests Valuation Independence Rule Section 1026.42(C)(1) prohibits both direct and indirect attempts to cause the
Saturday Brain Storming Thought (83) 17/10/2020- BY VR AVINASH KULKARNI Professional Competence and Due Care To maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional services based on current developments in practice, legislation and techniques and in accordance with applicable technical Professional Competence It is
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Integrity and Fairness-Saturday Brain Storming Thought (82) 10/10/2020 – By Vr Avinash Kulkarni Integrity and Fairness Integrity and fairness involves leadership which is honest, transparent and consistent, where there is fairness and equity in decision making and humble understanding of personal limitations and biases Integrity The quality of being honest and having strong moral principles
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Saturday Brain Storming Thought (81) 03/10/2020-By Vr Avinash Kulkarni Information Management It is the cycle of processes that support the organization’s learning activities ie 1) identifying information needs 2) acquiring information 3) organizing and storing information 4) developing information products & services 5) distributing information 6) using information Purpose of Information Management It is to
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Saturday Brain Storming Thought (80) 26/09/2020 By Vr Avinash Kulkarni Remuneration Remuneration is the money and other types of compensation an employee or executive of a company receives for their works Remuneration includes 1) Salary or hourly pay 2) Commissions 3) Bonuses 4) overtime pay, less the premium portion 5) Holiday, vacation and sick pay
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ITO V/s Dr Vasant J Rath Trust (ITAT Mumbai) Case law details 1) Appeal number – ITA number 844/MUM/2014 & CO number 76/MUM/2015 2) Date of judgement/order – 29/02/2016 3) Related Assessment year – 2005-2006 4) Courts – AII ITAT (7139) ITAT Mumbai (2073) 5) before Shri Jason P Boaz accountant member & Shri Sandeep
ITO V/s Dr Vasant J Rath Trust (ITAT Mumbai)-CASE LAW COMPILED BY-VR AVINASH KULKARNI Read More »
Income Tax Appellate Tribunal, Mumbai – Smt Chandrika B Shah, Assessee on 07/05/2010 COMPILED BY VR AVINASH KULKARNI Judicial members – D K Agarwal & T R Sood Assessment year – 2003-2004 In nut shell The penalty u/s 271(1)(C) is attracted in those instances where the assessee conceals the particulars of income or furnishes inaccurate