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• Our experts suggest the best funds and you can get high returns by investing directly or through SIP.
• The cost approach and the sales-comparison approach to value both benefit from RUL research.
• The test provides that when the investment of a licensee exceeds the regular expenditure expected out of it, such an entity would be deemed to hold economic ownership over the IPR.
• Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm your territory.
• A digital asset is a digitally recorded and stored property that is searchable, is uniquely identifiable, and holds or offers monetary or abstract value to its owner.

Current assets are expected to be consumed, converted into cash, or sold in less than a year. Cash, cash equivalents, inventory, accounts receivables, and prepaid expenses are some current assets of a company. Fixed assets provide long-term income, so they lose value over-time. Companies depreciate their fixed assets each year and depreciation of fixed assets will appear as an expense on the income statement. Efiling Income Tax Returns(ITR) is made easy with Clear platform.

Asset classes not downloading for one of my mutual funds

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• In Julie’s decades of experience as an intellectual property lawyer, human error is common at even top-tier law firms, and the fewer errors you have, the faster your application gets processed.
• Examples include documents and PDFs, audio and video files, photographs, written material, data, and computer programs, among countless others.
• Download Black by ClearTax App to file returns from your mobile phone.
• This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.

The evaluation of remaining usable life (RUL) is a crucial part of the intangible asset appraisal process. The utility of RUL analysis in the application of the income method to valuation is clear. RUL analysis is required to identify the time period during which revenue (however measured) is capitalized, regardless of whether a yield-capitalization approach or a direct-capitalization method is used. The cost approach and the sales-comparison approach to value both benefit from RUL research. The estimation of RUL is one way of assessing any external obsolescence in the cost approach. The calculation of RUL is one component in selecting and amending intangible asset guideline sale/license transactions in the sales-comparison technique.

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The court reached this conclusion through a strict interpretation of Section 9 of the Income Tax Act. The court held that the non-inclusion of IPR under the provisions of Section 9 clearly denote the legislature’s intent not to tax IPR owners situated outside India even when they earned profits in India through their respective IPRs. We’ll be in your inbox every morning Monday-Saturday with all the day’s top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur.

Owning a trademark vs. having a registered trademark

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law. Here are four effective methods to protect your business and brand reputation after facing public criticism. This list only continues to grow as businesses implement and use new technologies, such as cryptocurrencies and NFTs, which are considered to be digital assets as well.

Approaches to Valuing Trademarks

In general, assets are useful resources that a company owns, maintains, or controls with an expectation of future economic benefits. An asset might be manufacturing turbotax live full equipment or an intellectual property such as a patent. The identification of the location/situs of a property is required for taxation purposes.

Valuation of trademark

My Accounting Course  is a world-class educational resource developed by experts to simplify accounting, finance, & investment analysis topics, so students and professionals can learn and propel their careers. Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, researcher, and educator. She is a financial therapist and transformational coach, with a special interest in helping women learn how to invest. These materials were downloaded from PwC’s Viewpoint (viewpoint.pwc.com) under license. We are a team of finance experts with experience of about seven years of investing in equity markets. Through this website, we are trying to share the knowledge and experience we gained.

But, the process of identification of the location of intangible property is complicated. In concurrence with international principles, the Delhi High Court held that the location/situs of the owner of a respective property would be deemed the intangible asset’s location, regardless of it being registered in India. Despite the absence of any physical attributes, intangible assets hold a certain financial value for a business. Fixed assets are long-term assets, and they benefit a company for more than a year, while current assets are short-term assets, and they will be used in less than a year.