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At the end of March 2013, there was a movable surplus of `33.41 crore with the ICF. As many as 386 items of stores valuing `25.10 crore (119 Shell items – `8.79 crore and 267 Furnishing items – `16.31 crore) were lying for 12 to 24 months and 443 items valuing `8.31 crore (48 Shell............
At the end of March 2013, there was a movable surplus of 33.41 crore with the ICF. As many as 386 items of stores valuing '25.10 crore (119 Shell items - 8.79 crore and 267 Furnishing items - '16.31 crore) were lying for 12 to 24 months and 443 items valuing 8.31 crore (48 Shell items- value............
maintenance blocks For implementing the concept of preventive maintenance, granting of adequate time for maintenance of assets – both fixed and movable – is absolutely essential. To over-utilise an asset and temporarily neglect its maintenance is bound to be counter-productive in the long............
maintenance blocks For implementing the concept of preventive maintenance, granting of adequate time for maintenance of assets - both fixed and movable - is absolutely essential. To over-utilise an asset and temporarily neglect its maintenance is bound to be counter-productive in the long............
The Member of Parliament Local Area Development Scheme (MPLADS) was introduced on 23 December 1993 to enable Members of Parliament (MPs) to identify small works of capital nature to meet local needs in their constituencies. The MPLADS is a Plan...
6. Grants and loans, contribution to any Central and State/UT Relief Funds. 7. Assets to be named after any person. 8. Purchase of all movable items except vehicles, earth movers, and equipments meant for hospital, educational, sports, drinking water and sanitation purposes belonging to............
This Report discusses trends, composition and systemic issues in direct taxes using data from Finance Accounts, departmental accounts, departmental MIS and findings of compliance audit.Gross tax receipts (GTR) of Union Government in FY 2012-13 was...
Chapter I Direct Tax Administration 1.1 Resources of the Union Government 1.1.1 The Government of India's resources include all revenues received by the Union Government, all loans raised by issue of treasury bills, internal and external loans and...
Direct tax collections, amounting to RS 4.35 lakh crore accounted for three-fourth of revenue receipts of the Government of India in 2009-10. At the same time the uncollected portion of tax demand was RS 2.29 lakh crore in March 2010 equivalent to...
in the certificate by one or more of the modes mentioned below: (a) attachment and sale of the Chart 5.1: Disposal of RCs by TROs assessee's movable and immovable property (b) arrest of the assessee and his o detention in prison; and E- (c) appointing a receiver for management of the............
during the next quarter and report compliance and results while sending the subsequent 12 The AO sends the statement containing details of both movable and immovable assets of the defaulters under his signature and seal in Form no. 57. 13 Tax recovery certificate is a notice of demand issued............
payment of arrears to the assessee under section 225(1), attachment of the bank accounts of the assessee under section 226(3), attachment and sale of movable and immovable property under section 222(1), adjustment of refund arising in subsequent years against arrear demand and levy of penalty............
salary by the employer, payment by person indebted to defaulter, payment by money in Court's custody and by distraint (seizure of goods) or sale of movable property respectively. 179 Recovery of arrears of tax in case of private company may be effected from Director of the company during the............
In 1991, the Government of India (Gol) decided to invite foreign and domestic Private Sector Companies to participate in the development of discovered oil and gas fields, and in some cases, fields partially developed by the National Oil Companies...
Gol shall have the right to require vesting of full title and ownership in it, free of charge and encumbrances of any or all assets, whether fixed or movable acquired and owned by the Contractor for use in Petroleum Operations inside or outside the Contract Area and such right to be exercisable at............
The loan was secured by personal guarantee of the Director 18 post-dated cheques, mortgage of immovable properties and hypothecation of movable properties. IREDA issued a recall notice to the borrower in July 1998. Audit observed the following: •IREDA released (July 1994) the second interim............
The loan was secured by personal guarantee of the Director18 post-dated cheques, mortgage of immovable properties and hypothecation of movable properties. IREDA issued a recall notice to the borrower in July 1998. Audit observed the following: IREDA released (July 1994) the second interim............
Audit noticed that only correspondences were being made with assessees for deposit of the dues, but no coercive actions like identifying the movable or immovable property and their attachment and recovery through district revenue officers were taken to recover the government dues. Table............
attachment and sale of assessees’ movable and immovable property, appointment of a receiver for the management of assessees’ properties and imprisonment. Pending demands at the end of the year increased more than 2.5 times during FY 2009-10 to FY 2013-14. Out of total pending demand,............
attachment and sale of assessees' movable and immovable property, appointment of a receiver for the management of assessees' properties and imprisonment. Pending demands at the end of the year increased more than 2.5 times during FY 2009-10 to FY 2013-14. Out of total pending demand, the ITD............
of ` 2642.85 crore calls for reclassification into unsecured since all the production units remained closed/unmaintained for more than 10- 11 years, movable assets had become redundant, defunct and technically non usable, trade receivables remains unconfirmed, disputed and unrealized over long............
of 2642.85 crore calls for reclassification into unsecured since all the production units remained closed/unmaintained for more than 10- 11 years, movable assets had become redundant, defunct and technically non usable, trade receivables remains unconfirmed, disputed and unrealized over long............