Authors Archives - Page 3 of 33

NOT READILY REALISABLE ASSETS (NRRA):BY-ER. AVINASH KULKARNI

Saturday Brain Storming Thought (237) 24/08/2024 NOT READILY REALISABLE ASSETS (NRRA) Assets that are not easily convertible to cash and could take an indefinite waiting period for realization are called Not Readily Realisable Assets (NRRA) Regulation 37A 1 of the IBBI (Liquidation Process) Regulations, 2016 It defines NRRA as those assets in the liquidation estate […]

NOT READILY REALISABLE ASSETS (NRRA):BY-ER. AVINASH KULKARNI Read More »

INFLATION :ER. AVINASH KULKARNI

AVINASH KULKARNI / Study circle

Saturday Brain Storming Thought (236) 17/08/2024 INFLATION INFLATION Inflation is a fundamental economic concept characterised by a persistent increase in the general price levels of goods and services within an economy That over time, the purchasing power of money diminishes as the cost of living rises This can impact consumers, businesses and the overall economic

INFLATION :ER. AVINASH KULKARNI Read More »

“QUESTIONS & OPINIONS-14/08/2024”: DOCUMENTS REQUIRED FOR FLAT OWNERSHIP

B. KANAGA SABAPATHY, BANKS/ EMPANELMENT / EDITOR

KNOWLEDGE BANK FROM B K ARUNA LET KNOWLEDGE SPREAD “Questions and Opinions – 14/08/2024”. Question: While transferring the ownership of a flat at the time of selling, how the documents are made? Do we need to transfer the builder’s agreement also? Opinion: Sale deed is executed for the……………. sq.ft. of undivided share of land and

“QUESTIONS & OPINIONS-14/08/2024”: DOCUMENTS REQUIRED FOR FLAT OWNERSHIP Read More »

“QUESTIONS & OPINIONS-16/08/2024”: RENEWAL OF REGISTRATION UNDER SECTION 34 AB

B. KANAGA SABAPATHY, BANKS/ EMPANELMENT / EDITOR

questions & opinions KNOWLEDGE BANK FROM B K ARUNA LET KNOWLEDGE SPREAD “Questions and Opinions – 16/08/2024”. Message from B K ARUNA Question: In the order of Chief Commissioner of Income Tax for the Registration of Valuers, it has been mentioned the category as I for the year 1999 – 2000. Whether I have to

“QUESTIONS & OPINIONS-16/08/2024”: RENEWAL OF REGISTRATION UNDER SECTION 34 AB Read More »

“QUESTIONS & OPINIONS-15/08/2024”:DEPRECIATION IS APPLIED ON WHICH VALUE

B. KANAGA SABAPATHY, BANKS/ EMPANELMENT / EDITOR

questions & opinions KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD “Questions and Opinions – 15/08/2024”. Question: When I estimate the present value of a machine, whether depreciation is to be applied on purchase value or market value? Opinion: The depreciation is to be applied on the replacement value and not on the purchased

“QUESTIONS & OPINIONS-15/08/2024”:DEPRECIATION IS APPLIED ON WHICH VALUE Read More »

“QUESTIONS & OPINIONS-13/08/2024”: VALUATION OF TEMPLE

B. KANAGA SABAPATHY, BANKS/ EMPANELMENT / EDITOR

questions & opinions KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD “Questions and Opinions – 13/08/2024”. Question : A property has been offered as collateral security. On inspection, it was found that it is a place of worship (temple) of a community. How to go about in this situation? Opinion: The valuation for collateral

“QUESTIONS & OPINIONS-13/08/2024”: VALUATION OF TEMPLE Read More »

“QUESTIONS & OPINIONS-12/08/2024”: WHAT IS MUTATION

B. KANAGA SABAPATHY, BANKS/ EMPANELMENT / EDITOR

questions & opinions KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD “Questions and Opinions – 12/08/2024”. Question: What is meant by Mutation Records? Opinion: (by Mr. L. Dakshinamurthy, Advocate) It should be read as “Mutation of Records” or “Mutation of entries in the Records”. The Word “Mutation” means “change” or “alteration”. There is a

“QUESTIONS & OPINIONS-12/08/2024”: WHAT IS MUTATION Read More »

“QUESTIONS & OPINIONS-09/08/2024”: VALUATION REPORT ON RENTED PROPERTY

B. KANAGA SABAPATHY, BANKS/ EMPANELMENT / EDITOR

questions & opinions KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD “Questions and Opinions – 09/08/2024”. Question from a fellow valuer: One of my clients is owning a shopping complex in a primary location. Now, he is requesting me to issue you a certificate on reasonable rent. Can I adopt a rate of return

“QUESTIONS & OPINIONS-09/08/2024”: VALUATION REPORT ON RENTED PROPERTY Read More »

NEW CAPITAL GAIN TAX REGIME PROPOSED IN THE UNION BUDGET 2024-25: ER. AVINASH KULKARNI

AVINASH KULKARNI / Study circle

Saturday Brain Storming Thought (233) 27/07/2024 NEW CAPITAL GAIN TAX REGIME PROPOSED IN THE UNION BUDGET 2024-25 New Capital Gain Tax Regime proposed in the Union Budget 2024-25 In the Union Budget 2024, presented by Finance Minister Nirmala Sitaraman on 23/07/2024 1) Raising the tax rate on long-term capital gains on equity from 10% to

NEW CAPITAL GAIN TAX REGIME PROPOSED IN THE UNION BUDGET 2024-25: ER. AVINASH KULKARNI Read More »

SNRR ACCOUNT: ER. AVINASH KULKARNI

AVINASH KULKARNI / Study circle

Saturday Brain Storming Thought (232) 20/07/2024 SNRR ACCOUNT SNRR Account Special Non-resident Ruppe Account Any person resident outside India, having a business interest in India, can open a Special Non-resident Ruppe Account (SNRR) with an authorised dealer for the purpose of putting through bonafide transactions in rupees which are in conformity with the provisions of

SNRR ACCOUNT: ER. AVINASH KULKARNI Read More »

NRO ACCOUNT: ER. AVINASH KULKARNI

AVINASH KULKARNI / Study circle

Saturday Brain Storming Thought (231) 13/07/2024 NRO ACCOUNT NRO Account A Non-Resident Ordinary (NRO) Account is a popular way for many Non-Resident Indians (NRIs) to manage their deposits or income earned in India, such as dividends, pension, rent etc This account allows you to receive funds in either Indian or foreign currency NRO Account 1)

NRO ACCOUNT: ER. AVINASH KULKARNI Read More »

NRE ACCOUNT: ER. AVINASH KULKARNI

AVINASH KULKARNI / Study circle

Saturday Brain Storming Thought (230) 06/07/2024 NRE ACCOUNT NRE Account NRE means Non-Resident (External) Account Which allows only foreign credits from outside India into the account Key Takeaways of NRE Account 1) Acronym Non Resident External Account 2) Meaning It is an account of an NRI to transfer foreign earnings to India 3) Taxability Interest

NRE ACCOUNT: ER. AVINASH KULKARNI Read More »