NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 27/04/2023 Question : A valuation assignment has come to me. The purpose is to estimate the FMV as on 01.04.2001. In this case, the assessee has constructed the building in the year 2000 and the cost shown in the Income Tax […]
CAN A VALUER BE BIASED BY THE BOOK VALUE OF THE ASSETS WHILE SUBMITTING THE REPORT? Read More »
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 26/04/2023 What are the 10 points to be remembered while doing valuation by land and building method? 1. In this method, plot is valued separately, building is valued separately and then these two values are added to get the total value.
10 POINTS TO BE REMEMBERED FOR DOING VALUATION BY LAND AND BUILDING METHOD? Read More »
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 25/04/2023 What is the difference between rate of return and rate of interest? Rate of Return : This is an economic term. In strict economic sense, it not only includes rate of interest on capital value invested but also includes annual
DIFFERENCE BETWEEN RATE OF RETURN AND RATE OF INTEREST? Read More »
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 24/04/2023 Question : There is a 2,000 sq.ft. flat, one of four in a G+3 building built on a common 750 sq.yd. Plot was purchased from the Housing Board in 1983. The sale deed does not mention the undivided share of
VALUATION OF A FLAT WITHOUT UDS PROVIDED Read More »
QUALIFICATIONS OF REGISTERED VALUERS UNDER RULE 8A OF SECTION 34AB OF WEALTH TAX ACT 8A. (1) For the purposes of sub-section (2) of section 34AB, the qualifications for registration as valuers of different classes of asset shall be as specified in sub-rules (2) to (11).S CLICK HERE TO READ THE COMPLETE DOCUMENTS COURTESY: ER.
QUALIFICATIONS OF REGISTERED VALUERS UNDER RULE 8A OF SECTION 34AB OF WEALTH TAX ACT Read More »
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 21/04/2023 10 POINTS TO BE REMEMBERED WHILE DOING VALUATION FOR THE PURPOSE OF COMPUTING COMPENSATION FOR LAND ACQUISITION 1. For the purpose of valuation for land acquisition, value is to be estimated as on the date of notification and not on
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 21/04/2023 Question : The property to be valued is a running petrol pump, owned by a private limited company. The purpose of valuation is to certify the fair market value for the purpose of fixing share value for partition purposes (Year
A CASE STUDY FOR VALUATION OF A PETROL PUMP Read More »
Saturday Brain Storming Thought (168) 22/04/2023 Service Apartment Service Apartment is a fully furnished apartment, available for both short term and long term stays, providing amenities for daily use, housekeeping and a range of other services, all included within the rental price Stay in Service Apartment You can stay as long as necessary when you
SERVICE APPARTMENTS: INTERESTING INFORMATION COMPILED BY ER. AVINASH KULKARNI Read More »
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 20/04/2023 Question : The client acquired a vacant plot of 500 sq.yd. on 06.02.2012 through GPA from her father. She sold the same as vacant plot on 15.03.2023 for Rs. 31,00,000/-. Can I use stamp duty rate of 01.04.2001 or on
A CASE STUDY FOR CAPITAL GAIN PURPOSES Read More »
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 19/04.2023 Question : Last year, for an assessee, I issued a report on cost of construction. Last week, the owner’s auditor has directed his client to obtain an exclusive report from me for the interiors made in the house. Can I
CAN A VALUER ISSUE A 2ND REPORT FOR TAXATION PURPOSES ? Read More »
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 18/04.2023 Question : What are the 10 points to be noted in rent capitalisation method? My opinion : 1. While capitalising, only the net rent is to be considered. 2. Rent capitalisation is to be done in the hands of the
10 POINTS TO BE REMEMBERED BY A VALUER FOR RENT CAPITALISATION PURPOSES Read More »
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 17/04.2023 Question : What are the 10 points to be remembered by a registered valuer when he wants to estimate cost of construction for Income Tax purpose? My opinion : 1. The purpose is to estimate the cost. 2. The meaning
10 POINTS TO BE REMEMBERED BY A VALUER FOR COST OF CONSTRUCTION FOR INCOME TAX PURPOSES Read More »