A largely prevalent Investor / Trader psychology is to make gains in every script in the portfolio (even if assessing returns on investment on the whole portfolio). So these investors / Traders are quick to book profits on positive movement in certain scrips and also endlessly wait on scrips with a negative movement, sometimes also…
The words and phrases ‘apartment’, ‘flat’ or ‘residential house’ are not defined under the Income Tax Act, 1961. 1. Clause (a) of Section 2 of The Gujarat Ownership Flats Act, 1973 [Gujarat Act No. 13 of 1973] defines a “flat” to mean a separate and self-contained set of premises forming part of a building and…
The general perception is that there are no inheritance taxes or estate duties or death taxes in India. The Estate Duty Act, 1953 was abolished (technically suspended, not repealed) in 1985 meaning that there is no estate tax at the central government level. However, the perception that there are no inheritance taxes in India is…
1. IS AN AGREEMENT OF HIRE PURCHASE STILL VALID AFTER THE REPEAL OF THE HIRE-PURCHASE ACT, 1972 BY THE HIRE-PURCHASE (REPEAL) ACT, 2005? Yes. 2. Why? The Hire Purchase Act, 1972 was enacted by the Parliament of India to “TO DEFINE AND REGULATE THE RIGHTS AND DUTIES OF PARTIES TO HIRE- PURCHASE”. However, the commencement…
Dynamic Pricing adjusts prices based on the option value of future sales, which varies with time and units available. Generally we see a scenario where price starts increasing with a reduction in supply units available with the supplier. As the price varies with the number of units available with the seller, the contribution and the…
