NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
Saturday Brain Storming Thought (187) 02/09/2023 CAPITAL GAINS ON INTANGIBLE ASSETS Capital Gains may be realised on some forms of intangible Property, when the asset is sold for a higher price than its purchase price Patents and musical compositions are examples of intangible properties that are taxed at the capital gain rate Are intangible assets […]
Saturday Brain Storming Thought (189) 23/09/2023 SLUMP SALE When a firm sells a part or whole of its property to a another entity for a lump sump amount, it is known as Slump Sale In a Slump Sale process, the ownership of assets, debts, intellectual property, contracts, staff and debtors are transferred to the buyer
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Saturday Brain Storming Thought (188) 16/09/2023 TENANCY Tenancy means a holding of an estate or a mode of holding an estate Specifically : the temporary possession or occupancy of something (such as house) that belongs to another The period of a tenants occupancy or possession Tenancy in Indian Law Normally, there is a security of
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 14.09.2023 Ten points to be remembered by a valuer who does not want to face any enquiry : 1. Know the purpose of valuation and certify the value accordingly. 2. Mention in your report clearly that your report should not be used for any other
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 13.09.2023 Ten Case Laws relevant to panel valuers in the observation of the courts : 1. A valuer is not an expert to test the genuineness of the documents. – L.N. Rajagopalan Vs State – CRL.R.C.No. 1063 of 2008 – Madras High court 10.08.2009. 2.
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 12.09.2023 Ten points relevant to panel valuers in the observation of the courts : 1. A valuer is not an expert to test the genuineness of the documents. 2. A valuer is not competent to certify the genuineness of the title. 3. A valuer is
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 11.09.2023 Ten points to be remembered by a registered valuer when he wants to do valuation for capital gains : 1. Before accepting the valuation assignment, the valuer must know clearly for what section of Income Tax Act, he is required to do valuation. 2.
KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 10.09.2023 Ten points to be borne in mind while valuing a flat : 1. The market value of a flat depends on i) location of apartment building in total ii) location of the specific floor in the apartment building iii) location of the flat in
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 09.09.2023 Ten points to be remembered by a SARFAESI valuer : 1. Value varies with purpose. The purpose of valuation under SARFAESI Act is to certify the auction value. 2. Before undertaking the assignment, ascertain first whether the property is a SARFAESI compliant property. 3.
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Saturday Brain Storming Thought (187) 02/09/2023 CAPITAL GAINS ON INTANGABLE ASSETS Capital Gains may be realised on some forms of intangible Property, when the asset is sold for a higher price than its purchase price. Patents and musical compositions are examples of intangible properties that are taxed at the capital gain rate are intangible assets considered
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 08.09.2023 Ten points to be remembered by a panel valuer when he wants to do valuation for collateral securities : 1. Value varies with purpose. The purpose of valuation for collateral security is to certify mainly the present market value. Insist for an engagement letter
KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 07.09.2023 Ten points to be remembered by a panel valuer when he wants to do valuation for primary securities : 1. Value varies with purpose. The purpose of valuation of primary securities (in most of the times) is to certify the cost. 2. Primary security