Investment Valuation in India

While it is most useful to fill online forms to apply for PAN or for changing PAN, for those who want to apply manually, here are 2 files that can be used to fill up the forms easily.  PAN Application Form (Form 49A) - Excel Change in PAN Data - Excel Enjoy

The Reserve Bank of India has announced that starting it will withdraw all notes that were printed before 2005. Starting 1 st April 2014, the all banks will exchange old notes with new ones. One has to present all old notes to banks and they will be provided with new ones. Starting July 2014, anyone exchanging more than 10 notes of Rs 500 or Rs 1000 will have to present their ID proof. How to identify which notes were printed before 2005? All notes printed before 2005 did not have the year of printing on them. Starting 2005, all notes have the year printed on the back side at the bottom. The move is aimed at reducing fake notes from circulation. However, it was clarified by RBI Governor R Rajan that the pre-2005 notes will continue to be legal tender. This has created further confusion among people as to whether they should actually replace the notes or not. Impact of Currency Recall The currency recall announcement has a huge impact as this would cap...

As per Finance Act 2013, any person being a transferee responsible for paying to a resident transferor any sum by way of consideration for transfer of any immovable property other than  a) agricultural land or b) where consideration for such transfer is less than Rs 50,00,000 (Rupees Fifty Lakhs) shall deduct tax @ 1% Implications: 1. "Any person" implies even individuals or HUF whi are not covered under Sec 44AB for TDS deduction have a liability to deduct TDS. 2. In case the PAN is not quoted by seller, TDS to be deducted is 20% 3. TDS has to be deducted on the date of credit (e.g. transfer entry) or date of payment whichever is earlier 4. The tax deductor is not required to obtain TAN Number since these are considered to be rare / one time transactions.

The Ministry of Corporate Affairs (MCA) has clarified (General circular no. 13/2013) that a Hindu Undivided Family (HUF) cannot be a partner in an Limited Liability Partnership (LLP).  This is consistent with Sec 5 of LLP Act 2008 which states that only an Individual or a Body Corporate can become a partner in LLP.

For a long time now, Strategy has become a buzz word in management. Managers have been deploying various practices in the name of Strategy.  Flexibility to respond to changing business environment, benchmarking competitors' best practices to achieve best practice for self, cost effectiveness through various cost management approaches such as outsourcing and so on. Unfortunately, what should be called as operative effectiveness is termed as strategy and has thus failed to translate into sustainable profitability options.  Operational effectiveness is necessary in business to ensure sustainability but this is often temporary. Operative effectiveness means performing the business functions - functions relating to creating producing, selling, delivering products and services - faster, cheaper, with fewer inputs and less defects as compared to peers or competitors. While it is important for businesses to attain operational effectiveness, these can be easily emulated by othe...