Audit Reports

The Government of India (GOI) through amendment to the Finance Act (Act) under Section 65 (105) (zzg) of the Act, had brought the maintenance of immovable properties within the ambit of service tax with effect from 16 June 2005. However, the Company has not registered as a service provider of.........

commercial/banking institutions for the building of Godowns/development of mandis without levying stamp duty and registration fee against security of immovable properties. As the loans were secured for the purposes other than those specified in the notification mentioned, ibid, the remission of.........

positive variation ( 3,464 crore: 8.16 per cent) over budget estimates and almost all categories of revenue receipts (with the exception of Taxes on Immovable Property other than Agricultural land, Taxes on Goods and Passengers and Police) were higher than budget estimates. Revenue expenditure.........

on execution of instruments in deeds were presented for which power of attorney is given without registration during the years consideration to sell immovable property 2006-07 to 2009-10, by the to any other person. RF is also payable at holders of power of the rate of one per cent of the market.........

where current/arrears of tax has not been deposited and these vehicles are not in use, action to recover the arrears from the movable/immovable property of vehicle owners is required to be taken. When we pointed out this (between July 2010 and March 2011), the Government stated (September.........

Nadu Financial Code stipulates that heads of offices should report all cases of defalcations or loss of public moneys, stores or other movable or immovable properties to the Accountant General. Further, the Financial Code prescribes the principles and procedures to be followed for enforcing.........

Stamp Duty issued instructions vide 16/27/08/ST/2/ 8070-90 dated 26.5.10 that it is to be confirmed by the District Collector whether the transfer of immovable property in favour of the charitable institution is exempted from the levy of stamp duty/registration fee or not. Further, under Section.........

Audit further noticed that term deposits for 2.82 lakh As per Rule 11 of the PVAT Rules, Security Deposits shall be either in the form of immovable property or Post Office Savings Bank Deposit or National Savings Certificates or term deposits from Schedules banks/nationalised banks 62 Chapter.........

3.3.4 As per the Article 23 of the Schedule 1 to the Indian Stamp Act 1899, in the case of conveyance of an immovable property, stamp duty is leviable at the specified rate on the market value of the property. As per Article 18, a certificate of sale (in respect of each property put up as a.........

where immovable property is allotted/ sold by the Government, UITs etc.; (Hi) levy of stamp duty in cases of lease as on a conveyance for a consideration equal to the amount or value of such fine, premium or advance and amount of average rent of two years; and (iv) levy of registration fee at.........