Procedure for Sale or Auction Sale of ?Secured Asset’ under the provisions of SARFAESI Act, 2002?

While everybody appreciates the legislative intention behind enacting special legislations like RDDB Act, 1993 and SARFAESI Act, 2002, when it comes to the sale of mortgaged property through auction, many interesting points would emerge for consideration.  If it is a sale of mortgaged property pursuant to the Recovery Certificate issued by the Debt Recovery Tribunal … Read more

101 ways to save $500 a month

101 Ways to Save 0 or More Every Month Trim the fat not the fun from your budget By Bryan Daly This special report will provide you with 101 ways to save money on everyday items. Shopping #1 Shop One Per Week – It is a known fact that grocery stores are set up specifically … Read more

California Claw-Back Provision: What Happens in California, Will be Taxed

            The 1031 exchange is a great instrument for property owners who wish to defer their capital gains tax. However, not all states treat 1031 exchanges equally. California regulations stipulate that any appreciation in property value accrued in California is subject to their state taxes, regardless of whether or not that property was exchanged for … Read more

Unsecured Loans – No Want To Come to feel Insecure In Absence Of Assets

The absence of collateral ensures:   Swift loan approval – lender only evaluates the mortgage seeker’s credit score heritage and upcoming payback capacity   Significantly less pitfalls – no threat of house seizure by the loan company in the function of a default The only down sides of an unsecured offer are:     Comparatively … Read more

Change in Rate of Service Tax on Money Changers

Change in Rate of Service Tax on Money Changers   Prepared By: CA Pradeep Jain And Sukhvinder Kaur, LLB[FYIC]   With effect from 16.05.2008, the services pertaining to purchase or sale of foreign currency, including money changing was brought under service tax. The authorised dealers in foreign exchange or authorized changers were also covered. The … Read more