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Exactly what it means for your loan cost

Posted by RajeevKumar

Exactly what it means for your loan cost

Capitalized focus was appeal put in that loan equilibrium. The lender following costs appeal about this increased equilibrium. Having student education loans, you often see capitalized appeal.

Definition and you will Samples of Capitalized Interest

If delinquent attention is capitalized, it’s put into the borrowed funds equilibrium. Capitalized attention develops the loan equilibrium. Consequently, besides are you presently borrowing the initial amount borrowed, you’re as well as borrowing the interest pricing. Therefore, you might also need to expend interest to the interest that bank possess billed you.

Your loan harmony will grow less and you can shorter since attract cost your acquire consistently rise. (more…)

The basic idea is to curb the black economy and generate a record of big cash transactions

Posted by RajeevKumar

The basic idea is to curb the black economy and generate a record of big cash transactions

As mentioned in the first part, the government has to present a revenue budget (revenue account) and capital budget (capital account) for all the three funds. The revenue account of the consolidated fund is split into two parts, receipts and disbursements – simply, income and expenditure. Receipts are broadly tax revenue, non-tax revenue and grants-in-aid and contributions. The important tax revenue items are listed below.

It was introduced in Budget 2005-06. The government felt many companies were disguising perquisites such as club facilities as ordinary business expenses, which escaped taxation altogether. Employers have to now pay FBT on a percentage of the expense incurred on such perquisites.

Securities transaction tax (STT): Sale of any asset (shares, property) results in loss or profit. Depending on the time the asset is held, such profits and losses are categorised as long-term or short-term capital gain/loss. In Budget 2004-05, the government abolished long-term capital gains tax on shares (tax on profits made on sale of shares held for more than a year) and replaced it with STT. It is a kind of turnover tax where the investor has to pay a small tax on the total consideration paid / received in a share transaction. (more…)

Unless you are exempt as provided in paragraph d

Posted by RajeevKumar

Unless you are exempt as provided in paragraph d

Appendix A to Part 170-Award Term

(1) Applicability. of this award term, you must report each action that equals or exceeds $30,000 in Federal funds that does not include Recovery funds (as defined in section 1512(a)(2) of the American Recovery and Reinvestment Act of 2009, Pub. L. 111-5) for a subaward to a non-Federal entity or Federal agency (see definitions in paragraph e. of this award term).

(i) The total Federal funding authorized to date under this Federal award that equals or exceeds $30,000 as defined in 2 CFR ;

(iii) The public does not have access to information about the compensation of the executives through periodic reports filed under section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a), 78o(d)) or section 6104 of the Internal Revenue Code of 1986. (To determine if the public has access to the compensation information, see the U.S. Security and Exchange Commission total compensation filings at

(1) Applicability and what to report. of this award term, for each first-tier non-Federal entity subrecipient under this award, you shall report the names and total compensation of each of the subrecipient’s five most highly compensated executives for the subrecipient’s preceding completed fiscal year, if-

(more…)

Hard money lenders typically offer “asset-backed” loans that come with a higher interest rate, possible prepayment penalty, and shorter terms

Posted by RajeevKumar

Hard money lenders typically offer “asset-backed” loans that come with a higher interest rate, possible prepayment penalty, and shorter terms

The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Obama in 2010 as a response to the financial crisis and recession. The act was intended to provide consumers with financial protections and other safeguards against predatory mortgage lenders, pay day lenders, banks, and credit card companies.

However, the primary reason Congress passed the law was to monitor and regulate the financial markets more closely. The Consumer Financial Protection Bureau (CFPB), a financial oversight, and investigative body that monitors mortgage lenders, was born out of Dodd-Frank.

Dodd-Frank has made many changes to past rules that regulate traditional mortgage lending. Although not specifically targeted by Dodd-Frank, the private lending industry, more commonly known as “hard-money loans,” is obligated under some of the act’s statutes. (more…)

I. Changes to Closeout Provisions To Reduce Recipient Burden and Support GONE Act Implementation

Posted by RajeevKumar

I. Changes to Closeout Provisions To Reduce Recipient Burden and Support GONE Act Implementation

The revisions in 2 CFR emphasize that agencies are encouraged to measure recipient performance to improve program goals and objectives, share lessons learned, and spread the adoption of promising practices. While understanding that grant program goals and their intended results will differ by type of program, the Grants CAP Goal is working to shift the culture of Federal grant making from a heavy focus on compliance to a balanced approach that includes a focus on the degree to which grant programs achieve their goals and intended results.

To provide clarity and consistency among Federal awarding agencies, a revision to include program evaluation costs as an example of a direct cost under a Federal award has been included in 2 CFR Direct costs. Please refer to OMB Circular A-11 for a definition on program evaluation. (more…)

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