Audit Reports

(Paragraphs 1.2. 6 and 1.2.17) Absence of adequate provision in the system to capture value of immovable properties resulted in manual intervention in determining stamp duty and registration fees. Market value generation through transparent process was not achieved due to non-implementation of.........

respect of all compulsorily of registration fee though the stamp registerable documents other than duty was levied on the full value of leases of immovable property. deeds. The registration fee was collected on lower value despite the fact that as per calculation by computensed software, the.........

and construct house for sale by executing documents termed as General Power of Attorney (GPA)/Agreement to Sell (ATS) evidencing de facto transfer of immovable property. Inspector General of Registration (IGR) working under the Board of Revenue (BOR) administers the Acts/Rules regulating levy and.........

4.14.12 Misclassification of documents As per the IS Act, Settlement means any non testamentary disposition in writing, of movable or immovable property made - (a) in consideration of marriage, (b) for the purpose of distributing property of the settler among his family or those for whom he.........

fees ( 545 crore) by nine per cent and Taxes on Goods and Passengers ( 1342 crore) by two per cent while Taxes on Other taxes include taxes on immovable property other than agricultural land, taxes and duties on electricity and agricultural income. 10 Audit Report (State Finances) for the.........

from land allotted to BDA and CDA Rule 50 and 51 of ODA Rules, 1983 prescribed that the Authority should keep proper and up-to-date record of all immovable property belonging to it. Such Officer of the Authority as may be put in charge of the registers should ensure that the particulars of.........

numbers not filled in case of 28 dealers (22per cent), (vii) seal of the dealers were not affixed in 76 cases (61 per cent), (viii) personal immovable assets were not filled in 77 cases (62 per cent), (ix) declaration stating name of the manager/officer in charge of the business were not.........

Audit of Levy and Collection of Stamp Duty and Registration Fee_ Highlights There were evasions of stamp duty and registration fee on sale of immovable property on powers of attorney and due to non-registration of agreements for sale. (Paragraph 5.6.5) Misclassification of the instruments.........

to realise the amount initiated by the TROs of by issue of warrant for payment, attachment and seven Circles between sale of the defaulter's movable/ immovable 1990-91 and 2011-12 by properties or shall proceed to arrest and detain issuing notices to the the defaulter in a civil prison for.........

Trust (OTP & IT) Act, 1956 as amended in May 2005 prescribe: (i) levy of additional stamp duty (ASD) at enhanced rates on the deeds of transfer of immovable property situated in an urban area after 25 May 2005; (ii) levy of SD and RF at the prescribed rates on sale of movable and immovable.........