NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
Saturday Brain Storming Thought (252) 07/12/2024 O-1 VISA IN THE USA The O-1 Visa is a temporary work visa designated for individuals who have achieved and sustained national or international acclaim for extraordinary ability in the science, arts, education, business, athletics or individuals who have demonstrated a record of extraordinary achievement in the motion picture […]
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Saturday Brain Storming Thought (251) 30/11/2024 HINDU UNDIVIDED FAMILY (HUF) Under Hindu Law, an HUF is a family which consists of all persons lineally descended from a common ancestor and includes their wives and unmarried daughters HUF Entity 1) Hindu Undivided Family (HUF) is treated as a person under section 2(31) of the income tax
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Saturday Brain Storming Thought (250) 23/11/2024 SANATAN ECONOMICS Sanatan Economics deals with ethical principles, self-sufficiency, balanced economic growth and responsible use of resources while considering the broader societal and moral context of economic activities The study of Sanatan Economics enlightens the path for the betterment of societal economic change Sanatan Economics is also known as
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Saturday Brain Storming Thought (249) 16/11/2024 DE-DOLLARIZATION De-dollarization refers to countries reducing reliance on the U.S. dollar as a reserve currency, medium of exchange or as a unit of account Key Takeaways of De-dollarization 1) De-dollarization entails a significant reduction in the use of U.S. dollar in world trade and financial transactions 2) Some signs
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Saturday Brain Storming Thought (248) 09/11/2024 FIAT MONEY Fiat Money is a type of government issued currency that is not backed by a precious metal, such as gold or silver, or backed by any other tangible asset or commodity Fiat currency is typically designated by the issuing government to be legal tender, and is authorized
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Saturday Brain Storming Thought (247) 02/11/2024 H-1B VISA USA USA Work Visa – The H-1B Visa is for individuals in occupations That requires highly specialized knowledge H-1B Eligibility 1) Have completed a U.S. bachelor’s or higher degree required by the specific speciality occupation from an accredited college or university 2) Hold a foreign degree that
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna-05/11/2024 D/o, B Kanagasabapathy Question from a fellow valuer: A temple trust has constructed a residential building and they’ve approached me for valuation. I understand that temple properties are non-marketable and, therefore, I should not certify the value. Could you please guide me on this matter?
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna-03/11/2024 D/o, B Kanagasabapathy Question: I am a beginner in valuation and I have been recently empanelled. My question is as follows: In 2014, Mr. X purchased a residential flat with an area mentioned as 1230 sq. ft. in the sale deed. In 2019, Mr. Y
Saturday Brain Storming Thought (246) 26/10/2024 INFLATION HEDGE An Inflation Hedge is an investment that is considered to protect the decreased purchasing power of a currency that results from the loss of its value due to rising prices either micro-economically or due to inflation It typically involves investing in an asset that is expected to
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Saturday Brain Storming Thought (245) 19/10/2024 FAMILY TREE CERTIFICATE A Family Member Certificate is a certification provided to the citizen by the government confirming and testifying that he/she is a member of a recognized family. A Family Tree Certificate, also known as a lineage or genealogy certificate, is an official document issued by the revenue
Saturday Brain Storming Thought (244) 12/10/2024 ENCUMBRANCE CERTIFICATE (EC) An Encumbrance Certificate (EC), a crucial document, verifies free title/possession of a property It is a legal document providing details of legal/financial vurdens of a property Details mentioned in an Encumbrance Certificate 1) Name of property owner 2) Property related transactions and documents 3) Name of
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TRANSFER OF PROPERTY ACT VARIOUS SECTIONS RELATED TO VALUERS Under the Transfer of Property Act, of 1882, property can be transferred in several modes. Here are the key modes of transfer: 1. Sale (Section 54) Definition: A transfer of ownership in exchange for a price paid or promised or part-paid and part-promised. Key Features: •
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