DDA Housing Scheme 2014 has come out with great fanfare. We are hearing about DDA website crashing everyday. People have loads of queries and questions about the scheme. But is the fuss justified? Is it really that great an opportunity – of a lifetime perhaps? In this article, we present to you a factual analysis […]
DDA Housing Scheme 2014 – Review of DDA Flats 2014 Scheme Read More »
Rajesh, a BPO professional, was planning to sell his apartment in Delhi as he was moving his base to Bangalore. However, he realized that he had lost property documents including the sale deed, society share certificate etc. The bank from where he took home loan, had misplaced his documents. Few buyers that showed interest in
Lost Property Documents – How to get Duplicate Property Documents Read More »
Land Valuation is the technique of estimating and determining the fair price or value of a land parcel. In this article, we explain you all major land valuation methods, any or all of which can be used for valuation of land depending on the amount of information available. Land can be classified into agricultural &
Land Valuation Methods & Factors for Valuation of Land Read More »
Do you own a plot of land which is notified by government for compulsory acquisition for a project? Do you know the tax implications? Tax on capital gain from compulsory acquisition of land depends on the type of land that is being acquired and type of its ownership. In this article, we explain to you
Compulsory Acquisition of Land – Tax Exemption Rules Read More »
What is Carpet Area, Built Up Area, Plinth Area and Super Built Up Area? What all spaces are included in which area? This question has baffled almost everyone who has purchased a property or is about to purchase one. The definitions available on the internet just add to the puzzle. The fact is that there is
“I have not paid my property tax for last few years. I would have accumulated huge fine by now.” “I don’t understand the terms used by MCD.” “I don’t know the process of paying property tax online.” “Can I claim any discounts while paying property tax?” Well these are some of the worries of a
Property Tax Online Payment: How to pay MCD House Tax (Delhi) Read More »
Debtors are an important part of every company’s financial structure. They impact the amount of money that flows in and out of a bank account. Understanding debtors and how they work with creditors is important for both large and small businesses. Let’s understand who are debtors and how they impact the financial standing of a
Accounts receivable is the money owed to a company that is not yet paid for by its consumers. On the balance sheet, accounts receivable is listed as a current asset. The longer the accounts receivable remain unpaid, the more difficult it will be to invest in manufacturing for the next order. Uncollected payments squander working
What are Accounts Receivables? Read More »
Bookkeeping is the foundation of accounting and involves systematically recording and classifying a company’s financial transactions. This fundamental concept states that every financial transaction has equal and opposite effects in a minimum of two accounts. Thus, for every corresponding credit to one account, there has to be a debit from another account. Since its introduction
What Is the Double Entry System of Bookkeeping? Read More »
The auditor uses the idea of Materiality to assess the risks of material misstatement and determine the nature, timing, and scope of risk assessment methods. This approach is crucial to the audit process as a whole. Thus, Materiality is an essential aspect of auditing. This article will cover everything about the materiality concept in audit,