It is not a typo error. There is no word called ‘complifying’ in the dictionary. I have combined two words complicating & simplifying into ‘complifying’. I am confused by the acts of Government. They speak a lot about simplifying the Acts by repealing or amending age-old Acts. But when …
Read More »Ways to make long partnerships
In the early 90s, I was conducting an audit of a retail shop at JC road. It was a firm owned by two partners. The partners never had separate cabins; both of them were sitting side by side using two medium sized tables. Many times I thought to myself, …
Read More »Common issues faced by buyer and seller of immovable property
I have posted several articles about property matters. This article is about practical issues faced by buyers/sellers. I have compiled seven issues here. Hope this helps. Sale Value Vs Guidance Value – Normally, the sale value is more than the guidance value notified by the Government! If the …
Read More »Are you buying a site or property from open market Part B: steps to be followed for registration of the property
This is in continuation to my previous article ‘Buying property from open market Part A’. In this article, I have written about the steps to be followed for registration and post registration of the property. Hope this helps. Step 3: Registration of the property: Preparation of Sale …
Read More »Are you buying a site or property from open market Part A
Buying property from the reputed builders and developers or from the Government authorities such as Bangalore Development Authority (BDA) or Karnataka Housing Board (KHB) is usually less painful! You will have some degree of comfort that the legal title of the property has been scrutinized by reputed advocates. …
Read More »The basics of Contribution to Employee Provident Fund
During last week, one of the readers of our blog asked me to write about Employee Provident Fund (EPF) matters. This article is about the basics of EPF. Hope this helps understand EPF better. Applicability – All establishments in which 20 or more persons are employed have to …
Read More »PPF Your Investment portfolio can’t be complete without Public Provident Fund
Introduction PPF refers to Public Provident Fund and is a Long Term investment Scheme of the Govt. of India on which regular interest is paid. Any Individual (whether Salaried or Self-Employed or any other category) can invest in this scheme and can earn a handsome tax-free return on the same which is usually higher …
Read More »All about Maternity benefit
The Maternity Benefit Act, 1961 (“Maternity Benefit Act” or “Act”), is a legislation which provides for dignity of a woman employee during a very important transition into motherhood in her life, and also provides monetary help prior to and after delivery of a child, by allowing complete leave from …
Read More »All about tax on Renting a House or Commercial Building in India?
The advantage is for the urban rich people. The increased urbanization has opened a steady source of income for building owners. In metro and A1 cities, to rent a small one BHK (Bedroom Hall Kitchen) house, one has to pay Rs.10000 per month. The rentals of commercial building are …
Read More »Used Car Dealer Sales Tricks Exposed
Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several transmissions were beamed to this ship by Rebel spies. I want to know what happened to the plans they sent you. In my experience, there is no such thing as luck. Partially, but it also …
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