professional practice notes-jamia millia islamia - 5th year

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HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES PROFESSIONAL PRACTICES ARCASIA FORUM One of the key features of ARCASIA is the ARCASIA Forum which is a platform for the on- going discussion of current architectural ideas pertinent to the region. This is a gathering of prominent architects and thinkers intended to serve as an Asian 'catapult of minds' on matters concerning architectural and environment in the Asian context. FIIA Foreign Investment Implementation Authority India Government of India has set up the Foreign Investment Implementation Authority (FIIA) to facilitate quick translation of Foreign Direct Investment (FDI) approvals into implementation, to provide a pro-active one stop after care service to foreign investors by helping them obtain necessary approvals, sort out operational problems and meet with various Government agencies to find solution to their problems. Foreign Investment Implementation Authority (FIIA) has been set up by the government of India in order to encourage the implementation of the proposals for FDI in the country. By doing this, Foreign Investment Implementation Authority (FIIA) has given a major boost to the Indian economy. Various objectives of Foreign Investment Implementation Authority (FIIA) are - To encourage fast translation of the approval of foreign direct investment and also its implementation. To offer the foreign investors proactive services such as, getting them the approvals that are necessary. To solve their problems by meeting the various agencies of the government, and also to solve the various operational problems.

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Page 1: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

PROFESSIONAL PRACTICES ARCASIA FORUM

One of the key features of ARCASIA is the ARCASIA Forum which is a platform for the on-

going discussion of current architectural ideas pertinent to the region. This is a gathering of

prominent architects and thinkers intended to serve as an Asian 'catapult of minds' on

matters concerning architectural and environment in the Asian context.

FIIA

Foreign Investment Implementation Authority India

Government of India has set up the Foreign Investment Implementation Authority (FIIA) to

facilitate quick translation of Foreign Direct Investment (FDI) approvals into implementation,

to provide a pro-active one stop after care service to foreign investors by helping them

obtain necessary approvals, sort out operational problems and meet with various

Government agencies to find solution to their problems.

Foreign Investment Implementation Authority (FIIA) has been set up by the government of

India in order to encourage the implementation of the proposals for FDI in the country. By

doing this, Foreign Investment Implementation Authority (FIIA) has given a major boost to

the Indian economy.

Various objectives of Foreign Investment Implementation Authority (FIIA) are -

To encourage fast translation of the approval of foreign direct investment and also

its implementation.

To offer the foreign investors proactive services such as, getting them the approvals

that are necessary.

To solve their problems by meeting the various agencies of the government, and also

to solve the various operational problems.

Page 2: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

AITP

The Association of Information Technology Professionals (AITP) is a professional

association that focuses on information technology education for business professionals.

AIIA

An Associate of the Indian Institute of Architects

CAA

Commonwealth Association of Architects (CAA)

Commonwealth Association of Architects, formed in 1965, is an organisation for national and regional institutes representing architects in Commonwealth countries.

As such, under the Commonwealth family, the association validates courses in architecture and convenes international boards to educational institutions to assess course components against set criteria. Its current membership list is 34 nations.

Under the umbrella of the Commonwealth CAA subscribes to its core values, and in particular, developmental support to the smaller and younger members.

Page 3: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

UIA

The International Union of Architects is an international non-governmental organization that represents over a million architects in 124 countries.

The UIA was founded in Switzerland, in 1948 to unite the architects of all countries in a federation of their national organizations. The General Secretariat is located in Paris. It is recognized by most United Nations agencies as the only association in its field, including UNESCO, UNCHS, UNIDO, and the WHO, as well as the WTO.

The current (2014 - 2017) president is Esa Mohamed from Malaysia.

The mission of UIA is to represent all architectural organizations and individual architects of different countries, with parallel non-government organizations of other disciplines, and with intergovernmental institutions.

The organization also manages international competitions for some of the most important spaces of our age, as well as attempts to improve human habitats through architecture and technology.

The UIA managed international competitions resulting in the construction of:

1. Georges Pompidou Centre, Paris

2. Indira Gandhi Centre, New Delhi

3. Bibliothèque Nationale de France, Paris

4. National Museum of Seoul

5. Prado National Museum, Madrid (rehabilitation and extension)

6. Opera House, Sydney

Page 4: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

ITPI- Institute of Town Planners, India

The Institute of Town Planners, India, owes its origin to a small group of Town Planners of

Delhi, who in 1947 decided to set up a professional Town Planning Institute on the lines

similar to the Royal Town Planning Institute, London. The number of planners, which then

did not exceed six, was too small for a registered society to be set up and therefore, the

small group formed itself into an Indian Board of Town Planners and started working

towards establishing a professional Institute.

After three years of continuous work, the members of the Indian Board of Town Planners,

who then numbered about fifteen, evaluated the possibility of forming the Institute of Town

Planners, India and later on finalized the Memorandum, Articles of Association and Bye-laws

of the Institute.

OBJECTIVES

1. To advance the study of town planning, civic design and kindred subjects and of the

sciences and arts as applied to those subjects

2. To promote planned, economic, scientific and artistic development of towns, cities

and rural areas.

3. To promote the general interests of those engaged in the practice in town and

country planning.

Page 5: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

ABOUT THE INDIAN INSTITUTE OF ARCHITECTS –IIA

Explain the role of Indian institute of architects in promotion of architecture in India.

Enlist the type of membership offered by the IIA.

The Indian Institute of Architects (IIA) is the national body of Architects in the country.

Having started in the year 1917, the institute today has more than 15000 members.

ROLE OF IIA

1. The Institute has a major role to play in promoting the profession of architecture by

organising and uniting in fellowship the Architects of India to promote aesthetic,

scientific and practical efficiency of the profession both in Practice and in Education.

2. It encourages the science and the art of planning and building the standards of

architectural education, training and practice, by making grants to Technical Institutions,

or by paying or assisting to pay the fees and expenses of students or by providing and

giving scholarships, prizes or other rewards to such students, or by any or all such

methods.

3. It looks into all the factors affecting the practice of architecture & holds conferences or

meetings for the discussion of, and the exchange of goods and matters affecting or

relating to architecture.

4. It formulates and notifies the law and practice relating to architecture to members and

the public ,and to compile, collect, collate, revise, print and publish statistics,

professional records or periodicals relating to any of the objects of the Institute;

5. IIA is represented on various national and international committees connected with

architecture, art and the building industry and is also actively associated with

Page 6: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

International Union of Architects (UIA) Commonwealth Association of Architects (CAA)

and South Asian Association for Regional Co-operation of Architects (SAARCH).

HEAD OFFICE- MUMBAI

THOSE WORKING UNDER IIA

IIA has six classes of memberships:-

a) HONORARY FELLOWS - any individual who is not necessarily a qualified architect but has

contributed to the growth of architectural profession

b) ASSOCIATES - any person who has attained the age of 21 and graduated from one of the

institutions registered with council of architecture

c) LICENTIATES - any person who is registered with COA is eligible to apply for licentiate

member.

d) STUDENTS - a student enrolled in any one of the architectural institutions – can on

application, become a student member.

e) RETIRED MEMBERS - any fellow, associate or licentiate after attaining the age of 55 and

on completely retiring from service or profession can apply for this post.

f) SUBSCRIBERS - a subscriber shall be either a person who was a member of the Bombay

architectural association at the time of adoption of the original constitution of the institute,

now amended or a person who in the opinion of the council is likely to render assistance in

promoting the objects of the institute.

Page 7: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

IIA IS A SOCIETY WHERE AS COA IS A STATUARY BODY.

IIA-

IIA consist of like-minded people governed by their own norms and values within a

dominant, larger society. This is sometimes referred to as a subculture, a term used

extensively within criminology.

In so far as it is collaborative, a society can enable its members to benefit in ways that would

not otherwise be possible on an individual basis; both individual and social (common)

benefits can thus be distinguished, or in many cases found to overlap.

COA-

It is a non-constitutional body. This body is created by statute i.e. act of parliament. A

cabinet resolution can be passed to establish this body. It has to rely upon its statute to

derive power. Ex: Planning commission, National commission for OBCs, SEBI etc.

Page 8: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

TITLE OF ARCHITECT IS PROTECTED UNDER ARCHITECTS ACT 1972 –COA

HOW DID COA CAME INTO EXISTENCE? AND WHAT ROLE DOES IT PLAYS?

The Council of Architecture (COA) has been constituted by the Government of India under

the provisions of the Architects Act, 1972, enacted by the Parliament of India, which came

into force on 1st September, 1972. The Act provides for registration of Architects, standards

of education, recognized qualifications and standards of practice to be complied with by the

practicing architects.

The Council of Architecture is charged with the responsibility to regulate the education and

practice of profession throughout India besides maintaining the register of architects. For

this purpose, the Government of India has framed Rules and Council of Architecture has

framed Regulations as provided for in the Architects Act, with the approval of Government

of India.

Page 9: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

CODES OF CONDUCT FOR INDIAN ARCHITECTS- COA

A code of conduct is a set of rules that outlines the duties and responsibilities of a particular

person, groups or organization. All professions are bound by these codes, including

architecture which is a process of designing, planning and construction of buildings and

other structures.

In India, just like other countries, architects do have codes of conduct. Indian architects are

required to register with a government body called the council of architecture so that one

can be able to carry out the professional practice.

It is illegal to conduct any architectural activities without getting registered by this body.

When they register with this body each architect gets a unique registration number. They

also have to follow the Indians architects act 1972, which states the following.

•All architects are to be bound by this act and are to follow it.

•The council of architecture shall be the body responsible for all architects. Through this

body contracts can be made. One can sue or be sued.

•The head office shall be in Delhi unless stated otherwise by the central government, which

will be put in the gazette.

•Specifies the number of members who are to be on the council and there mode of

election.

•It talks about the registration of architects. That with them they should have their birth

certificate, national identification card, relevant school documents and a degree from a

known institution.

•Punishments to those who give false representation are also stated.

Page 10: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

The Indian government also did establish a code of conduct in the Indian constitution. It is

under the professional code of conduct 1989. It states that:

1. Every architect who's either employed or practicing is subject to the provisions of the

central civil services.

2. An architect should make sure that his professional activities do not conflict with his

responsibilities and what he is entitled to do, his responsibility to the society and

environment.

3. He or she should apply and use his skills’ responsibly for the economic development of

India.

4. The architect shall provide professional services of high quality and to the best of his

ability.

5. Should always inform the client on the conditions of engagement and the terms of

agreement especially if one is on private practice. These are to form the basis of an

appointment.

6. One should not sub commission work to another or other architects without an

agreement with his client.

7. He should not give or take discounts, gifts, commissions or any form of inducement for

introduction of a client or work.

8. He should act with impartiality and fairness when administering a contract.

9. The architect should maintain very high standards of integrity.

10. Should promote the advancement of architecture, research, training, architectural

education and also training.

11. He should respect and recognize professional responsibilities of consultants.

Page 11: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

EXPLAIN THE PROCESS OF REGISTRATION OF ARCHITECTS IN INDIA

Any person desirous of practising as an ‘Architect’ in India is required to be registered in the

Register, with the Council of Architecture (CoA). He shall be entitled on payment of the

prescribed fees to have his name entered in the register.

For the purpose of registration, one must possess the requisite qualification as appended

to the Architects Act, after having undergone the education in accordance with the

Council of Architecture Regulations, 1983. The registration with Council of Architecture

entitles a person to practice the profession of architecture. The registration also entitles a

person to use the title and style of Architect.

1) Application Form

A Registration Application form for registration filled in and signed by the candidate, along with a

recent colour passport size photograph duly pasted on the form.

2) Birth Certificate

3) 10 + 2 Mark sheet

4) Architectural Qualification Certificate In Original

The final recognised architectural qualification certificate on the basis of which registration is sought

i.e. 5-year B.Arch. Degree

5) Copies Of Mark sheets –

The copies of marksheets (including Practical Training certificate, if any) for all the semesters/years of

the recognised architectural education, duly attested by a Gazetted Officer

6) For All Semesters/Years

7) Demand Draft

A demand draft for Rs.600/- (non-refundable) drawn in favour of “Council of Architecture”, payable at

Delhi/New Delhi towards registration fee.

8) Self-Addressed Envelope

9) Registered Post

Page 12: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

ARCHITECTURE IS A PROFESSION BECAUSE

It can be practised only by those who are fully trained and requires a bonafide degree to

practice at it.

The practionoers of architecture serve/practice the profession for the betterment of the

society. They do not seek to amalgamate money. They receive their just fees in lieu of the

service provided, but money making is not the main aim of the architecture.

There is a government /central body that propounds a code of conduct. Each practicing

architect as to register himself and practice the said code of conduct. Any architect found to

be not following the said code, can be punished or even debarred. Therefore there is a

dignity to practising architecture and like most other professions, an architect is answerable

for his work and conduct-legally to the government and OCA and morally to his own guild

and fellow professionals.

Page 13: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

WHAT ROLE DOES AN ARCHITECT PLAY IN THE SOCIETY?

1. The architect can play several roles and contribute to the society in numerous ways:

2. He can contribute by designing urban spaces and reducing congestion and improving

lifestyle

3. He can get involved in slum rehabilitation projects and create better housing

projects with required sanitation and improving health and lifestyle

4. He can design energy efficient building and work towards sustainability and optimum

usage of energy

5. He can work as faulty and towards academics and research to increase the

knowledge base within architecture and train the future generation.

6. He can work in conservations and help to conserve the architectural heritage of a

space.

7. He can pay the role of the arbitrator in case of a dispute within the construction

industry. In this case his decision would be considered a legal decision.

8. Architect can play the role of an estimator or valuer.

9. Responsible designing and execution of regular lead to a good overall urban

morphology and increase the liveability within the building.

Page 14: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

VARIOUS METHOD OF VALUATION OF PROPERTY

The following the methods of valuation being adopted in General practice by a practicing

valuer are:

Land and Building Method

Rent Capitalization Method

Development Method

Profit Method

Direct Comparison Method

Land Building Method:

By this method, the value of the land and the value of Building are assessed separately and

added to get the present value of the property. Depreciation is calculated either by straight

line method or applying linear method.

Rental or Capitalisation Method:

Rental method of valuation consists in capitalising the Net Annual Rental Income (NARI) at

an appropriate rate of interest or rate of capitalisation.

Net annual rent income equals to Gross Annual Rental Income (GARI) minus outgoings like

Property Tax, repairs, maintenance, Service Charges, Insurance Premium, Rent Collection

and Management Charges etc.

Development Method (or Residual Method):

This method is used to evaluate such property where there is a development potential, so

that the value of the property after development will be increased more than the

expenditure incurred. For example, a large portion of land can be divided into small plots

and developed fully so as to provide plots of land for a residential Colony or a large complex

of multi-storied buildings, housing ownership flats in a Co-operative Housing Society.

Profit Method:

This method is applicable to Hotels, Cinema Theatres, Marriage Halls and Public Places. This

Page 15: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

method as the name suggests deals in working the profit from a property and subsequently

capitalizing the same at appropriate rate of return depending upon a number of factors.

VALUATION

In finance, valuation is the process of estimating what something is worth. Items that are

usually valued are a financial asset or liability. Valuations can be done on assets

(For example, investments in marketable securities such as stocks, options, business

enterprises) or on liabilities (e.g., bonds issued by a company)

PROFESSIONAL TAX

Professional tax is the tax by the state governments in India. Anyone earning an income

from salary or anyone practicing a profession such as chartered accountant, company

secretary, lawyer, doctor etc. are required to pay this professional tax.

Page 16: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

SIGNIFICANCE OF ARCHITECTURE COMEPTITIONS & EXPLAIN OPEN AND LIMITED

COMPETITIONS

Architecture competitions are organised by various bodies, be it government or private

organizations, where in a project is floated by the said organization, where in a notice is

floated along with eligibility and prize. All interested partied register for the competitions

and send in their entries, in the specified format by a set data.

A jury is than organised by the organizations party and the various entries are judged on

their merits and demerits and certain entries chosen by the jury are declared winner. The

winner is then given the already declared prize which can be the right to execute the project

or specified prize money.

These competitions are significant because

They increase awareness among the profession

They give a platform for interactions and discussion

They allow the professionals to indulge in healthy competition and push their limits within

their subject encourages research and perfection.

It allows for experimentation

Certain competitions that give projects to be executed, allow for new faces to come up in

the field, fresh talent.

It is an oblique way towards advertisement as most competitors display their entries and

they are often covered in media.

Page 17: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

OPEN COMPETITION

An open competition is an international competition. An open competition can be entered

by any one.

(International, national or regional)

Characteristics of an Open Competition

An open competition occurs in one or two stages:

One-stage: Any architect may submit a design.

Two-stage: Sponsor wishes to narrow the number of invited architects from the original

number.

LIMITED COMPETITION

The purpose of a limited competition is to restrict entry to a specific group of architects.

Characteristics of a Limited Competition

One-stage: Sponsor allows any registered architect who falls within the limits of

competition to enter the competition.

Two-stage: Sponsor wishes to narrow the number of registered architects who fall within

the limits of the competition.

Page 18: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

WHAT IS CONTRACT? How it is different from agreement?

The contract is an elaborate legal document, which is signed in agreement by both the

parties-contractor and contractee; stating all the typical details and covering all the typical

details and covering all possible situations and their outcome.

The law will consider a contract to be valid if the agreement contains all of the following

elements:

1. offer and acceptance;

2. an intention between the parties to create binding relations;

3. consideration to be paid for the promise made;

4. legal capacity of the parties to act;

5. genuine consent of the parties; and

6. Legality of the agreement.

In contrast, an agreement is a basic document signed by both the partied stating the work

to be done and the basic necessary details.

For example, if the agreement states that the conservation work of a project is to be done,

the contract would state the typical work involved like waterproofing of the terrace, the

material preferably to be used, the timespan within which the work is to be completed, the

quality of expected work and so on.

Therefore a contract is a more elaborate and fool proof version of an agreement, where

each loophole has been contemplated on and each scenario has been looked into

predetermined.

Page 19: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

L1 IN TENDERING

The person / entity that has bid the lowest in a tender out of all the pre-qualified bidders is

called L1. Typically, the entire or the majority quantity / work is then offered to the L1

bidder. Where other qualifying bidders are also offered part of the quantity / work, they are

then required to match the price and conditions offered by the L1 bidder.

Who Floats a Tender?

A buyer which can be either Government or Large Private Company can float a Tender as

and when they need to buy Goods, hire services or construct something. Generally tenders

are floated by Government as it is a mandatory requirement for them.

A Seller which can be either Government or Large Private Company , can float a tender for

selling used machinery, scrap or surplus products. Generally Government floats sell tenders

it is a mandatory requirement for them.

Why Tenders?

Tenders are open invitation to buy or sell goods/services/contracts. Those who are

interested in supplying what has been advertised can respond to a Tender & submit their

best competitive offer. The best competitive offer (Lowest Bidder or L1)is generally selected

& the contract is awarded to L1 Bidder.

Page 20: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

WHAT IS EARNEST MONEY? HOW DOES IT DIFFER FROM TENDER COST AND SECURITY

DEPOSIT?

Earnest money is the amount required to be paid by all interested parties who submit the

tender, as an amount to display their activity to handle the project monetarily. This amount

is returned to all the partied except for the one who gets the contract

Tender cost is the non-refundable amount payed by all the interested parties who want to

fill the tender for the document of the tender. It is often dispersed by the architect. This

money is the cost of the form and is not returned.

The security deposit is the amount that is given by the contractor once the project is

awarded to him. This money stays with the contractee incase the contractor does not fulfil

his side of the deal. It can be payable via a D.D

Page 21: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

UNDER WHAT CONDITIONS CHEQUE CAN BE DISHONOURED?

There are various reasons why bank checks are not being accepted from drawers:

1. Insufficient Fund: When the amount written on a check is more than what the

drawer has in his account in the bank.

2. Irregular Signature: If the signature the drawer signs on the check differs from the

specimen signature in the bank.

3. Non-Existing Account

4. Bankruptcy: If one is judged by a law court to be unable to pay his debts in full, the

bank will dishonour any check presented on behalf of that customer.

5. A Stale Check: A check that has been delayed for more than six months of the date

written on it.

6. If There Is a Difference Between The Amount Written In Words And That in Figures:

If for instance, the drawer writes thirty dollars only in words and $20 in figure.

Page 22: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

'SERVICE TAX' Definition: Service tax is a tax levied by the government on service providers on certain

service transactions, but is actually borne by the customers. It is categorized under Indirect

Tax and came into existence under the Finance Act, 1994

NO SERVICE TAX ON ARCHITECTS INCOME, RULES CDBT

The Central Board of Direct Taxes (CBDT) has clarified that services provided by architects

do not fall under the ambit of service tax leviable on engineering consultants.

However, in case a consultancy firm providing both consultancy and architectural services

against which a lumpsum payment has been received, then service tax will be leviable on

the entire amount.

INCOME TAX

An income tax is a government levy (tax) imposed on individuals or entities (taxpayers) that

varies with the income or profits (taxable income) of the taxpayer. Details vary widely by

jurisdiction. Many jurisdictions refer to income tax on business entities as companies tax

or corporate tax

Income tax is the tax that is charged to your income that can be paid with the preparation of

tax forms or is withheld from your paycheck. Service tax refers to the tax that is charged for

services, like care repair.

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HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

EARNEST MONEY

An earnest payment is a specific form of security deposit made in some major transactions

such as real estate dealings to demonstrate that the applicant is serious and willing to

demonstrate an earnest of good faith about wanting to complete the transaction.

SECURITY DEPOSIT

A security deposit is a sum of money held in trust either as an initial part-payment in

a purchasing process (often used to prevent the seller selling an item to someone else

during an agreed period of time while the buyer verifies the suitability of the item, or

arranges finance) - also known as an earnest payment, or else, in the course of a rental

agreement to ensure the cost of repair in relation to any damage explicitly specified in

the lease and that did in fact occur.

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HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

3 CLAUSES OF A TYPICAL CONTRACT FOR EXECUTION OF A CIVIL PROJECT

Page 25: Professional practice notes-jamia millia islamia - 5th year

HAMZAH MERAJ- JAMIA MILLIIA ISLAMIA NEW DELHI- 5TH YEAR EXAM NOTES

IMPLICATION OF CONSUMER PROTECTION ACT ON ARCHITECTURAL PRACTICES

Consumer Protection Means Safeguarding The Interest And Rights Of Consumers. It Provide

Them Speedy Redressal Of Their Grievances.

The Necessity Of Adopting Measures To Protect The Interest Of Consumers Arises Mainly

Due To The Helpless Position Of The Consumers. There Is No Denying Fact That The

Consumers Have The Basic Right To Be Protected From The Loss Or Injury Caused On

Account Of Defective Goods And Deficiency Of Services.