Car Deposit Receipt: Fill & Download for Free

Scene : HDFC Bank, Sec 31 Faridabad. I rarely visit Banks, I’m more of a digital payment fan.Waiting patiently in queue. And finally it’s my turn. The lady at the counter greets with a smile. Here’s the conversation:Lady : Yes Sir?Me : Mam ye Cash Deposit karwana hai. Hands over the cash and pay-in slip.I need to deposit this cashLady : Sir ye kiska account hai?Sir, whose account is this?Me : Mam mera hi hai, kya hua?Mine, anything wrong?Lady : Sir sign to match nahi kar rahe.The signature does not matchMe : Sign to match karne chahiye. Sirf HDFC vale sign hi to yaad hain mujhe, baki Bank ke to bhul bhi gaya.Well, it should. This is only account whose signature I remember.Lady : Thoda sa mismatch hai, koi baat nahi. Sir, aapke account pe Personal Loan ka offer hai.There’s a slight mismatch. Anyway, that’s ok. Btw, there is a loan offer on you account.Me : Nahi mam, requirement nahi hai.Thanks, but I don’t need a loan right now.Lady : Sir koi Car Loan etc.?Any Car Loan etc.?Me : Nahi abhi thoda time pehle hi li hai Car to.No, I bought a car recently.Lady : Acha, Cash se li ya Loan se?By Loan or Cash?Me : Cash. No Loan.Lady : To sir Loan le lete.You should have taken a loan.Me : Mam cash to papa ka tha na.It was dad’s cash :)Lady (bursts in laughter, I don’t know why) : But sir Tax to aapka hai.But it’s your tax.Me : Salaried class hoon. Car Loan pe to koi tax saving hoti hi nahi.I’m a salaried class. Wouldn’t get any tax saving for car loan.Lady : Acha to Sir kuch Investment hi karlo?OK, how about some Investment plan?Me : Nahi Mam abhi kuch plan nahi hai. Vaise bhi main online kar leta hu kuch karna hota hai to.None at the moment. I transact online anyway.Lady : Sir abhi iss Cash deposit se hi kuch investment karlo?You can invest with this cash you are depositing?Me : Nahi Nahi. Mere paas to cash hota hi nahi. Ye to mummy ke paise hain jo papa se chupa ke rakhne hain.No way. This is mom’s cash to be kept as a secret from dad.Lady (now she cannot control the laughter) : Sir investment rehne do, aap jaise Customer aate rahe to hum bhi din mein thoda has lete hain. Ye lijiye deposit receipt.Ok Sir, no investments but there should be more customer like you. Atleast, we get to smile a bit in the day. Here’s your deposit receipt.Me : Thank You. Vaise mere papa retired banker hi hain, toh job samajh sakta hoon aapki.Thank You. Btw, my dad is a retired banker. I can understand your job.In case you are wondering, the entire conversation didn’t take more than 2 mins. We all need that occasional break in our jobs. So, always try to be patient and empathize with the person on the other side of the counter. Not just at Banks, but anywhere and everywhere :)

If the tickets are confirmed, it can be cancelled up to 48 hours before the scheduled departure of the train.The cancellation charges will be deducted at240 INR for 1 AC Class/Executive Class;200 INR for AC 2 Tier/First Class;180 INR for AC 3 Tier/AC Chair car/AC 3 Economy;120 INR for Sleeper Class;60 INR for Second Class.If you cancel a confirmed ticket within 48 hours and up to 12 hours before scheduled departure of the train, ticket cancellation charges will be 25 per cent of the fare (subject to the minimum flat rate mentioned above).If you cancel a confirm ticket between 12 hours and up to four hours before the scheduled departure of the train, cancellation charges will be 50 per cent of the fare paid (subject to the minimum cancellation rate).As per IRCTC website, tickets booked online (E-tickets) cannot be cancelled after the chart is prepared. There won’t be any refund of fare on tickets having confirmed reservation in case ticket is not cancelled or Ticket Deposit Receipt (TDR) not filed online up to four hours before the scheduled departure of the train.In case your train gets cancelled for some reason, for e-tickets, there will be an automatic refund process. Filing of TDR or ticket deposit receipt isn’t be required.

These are the advantages of leasing.(1) Lease may be low cost alternative: Leasing is alternative to purchasing. As the lessee is to make a series of payments for using an asset, a lease arrangement is similar to a debt contract. The benefit of lease is based on a comparison between leasing and buying an asset. Many lessees find lease more attractive because of low cost. For example - you are transferred to another city for 6 months. For daily travel you need a car. If you buy car in your own name then as per Motor Vehicles Act you have to pay one time road tax and incur other expenses besides cost of car. You can always sell the car after 6 months before leaving. It may be economical to take a car on lease for 6 months as lease rental may be less than net cash outflow arising from difference between total cost of the car and sale value you realise.(2) Tax benefit: In certain cases tax benefit of depreciation available for owning an asset may be less than that available for lease payment. In other words, differential tax treatment between owning an asset and taking it on lease may result in a decision in favour of lease. For example - if a firm owns an asset, it gets tax saving for depreciation on book value as per the I-T law (in case of MAT, depreciation on the book value is as per the depreciation schedule of the Companies Act, 2013, based on useful life), but in case of lease rent entire lease rental is tax deductible. In some cases this differential tax treatment means a higher tax savings for lease, implying lease is a smarter decision subject to other factors.(3) Working capital conservation: When a firm buy an equipment by borrowing from a bank (or financial institution), they never provide 100% financing. Depending upon the firm’s credit rating bank may finance 75% or 60% (say) of total cost of equipment. The rest 25% or 40% (as the case may be), the firm has to bring in - the amount that the firm provides as down payment from its own source is called margin money. Margin money requirement naturally reduces firm’s working capital (and liquidity). In case of high value asset the amount may be substantial having an adverse impact on operation. But in case of lease one gets normally 100% financing in the sense that one needn’t bring in margin money generally for taking an asset on lease. This enables conservation of working capital.(4) Preservation of Debt Capacity: As per the accounting standard operating lease is not capitalised in the books of the lessee. Operating lease payment is treated as expenditure in the profit and loss account. Neither the asset taken on lease appears as asset nor does the liability representing present value of future lease payment (cost of leased asset) appear as liability in the balance sheet. That is, operating lease doesn’t have any balance sheet impact. So, operating lease does not matter in computing debt equity ratio. This enables the lessee to go for debt financing more easily. The access to and ability of a firm to get debt financing is called debt capacity (also, reserve debt capacity). Operating lease, if it is properly structured, can work efficiently as a substitute of debt though there may hardly be any difference between the two in respect of regular cash out flow; but at the same time it keeps the debt capacity in fact.However, it is to be noted the above preservation of debt capacity is not generally applicable for finance lease as the present value of future lease payment (cost of leased asset) appears as liability in the balance sheet of the lessee and to be duly considered in calculating debt equity ratio.(5) Obsolescence and Disposal: After purchase of leased asset there may take place technological obsolescence of the asset. That means a technologically upgraded asset with better capacity may come into existence after purchase. To retain competitive advantage the lessee as user may have to go for the upgraded asset. The obsolete old asset may fetch a small portion of the book value upon disposal resulting in capital loss. In case of cancellable operating lease the lessee can terminate the contract in such circumstances. However, it is to be kept in mind that where there is a possibility of technological obsolescence the lessor will cover the risk by fixing a higher lease rental.(6) Restrictive Conditions for Debt Financing: When a company takes loan to purchase equipment (say), in the loan agreement lender may impose several restrictions on the borrower company to protect his interest. Apart from creating charge on the equipment purchased ( primary security), lender may ask for collateral securities on other assets, like -mortgage of landed property, pledging fixed deposit receipts with the bank, asking for guarantor etc. The lender can impose other conditions too - like restriction on payment of dividend, putting lender’s representative on the board to ensure proper utilization of fund etc. In case of lease such tight conditions are not imposed as lessor remains the owner of the asset legally and he can recover the asset if the lessee fails to abide by the lease termsAbove answer is taken from ca final sfm faculty Aaditya Jain Sir books.