Audit Reports

r \ Chapter-Ill v ) CHAPTER - III 3. Transaction Audit Observations Important audit findings emerging from test check of transactions made by the State Government companies and Statutory Corporation have been included in this Chapter. 3.1 Long...

The registers for immovable property, movable property and land in Forms GEN 31, 32 and 33 respectively as prescribed in the Kerala Municipal Accounts Manual (KMAM) were also not maintained in any of the 17 ULBs test-checked. 3.2.7.2 Non- accounting of assets (a) As per Government order.........

Renting of immovable property was included as a taxable service with effect from 01 June 2007 vide Government of India Notification No. 23/2007 S.T dated 22 May 2007. Accordingly the Corporation was liable to collect and remit Service Tax at the rate of 12.36 per cent on rental income. The.........

fabrication, erection, installation, modification, fitting out, improvement or repair of any building, road, bridge or commissioning of any other immovable or movable property. As per Rule 2(iii) of the JVAT Rules 2006, Contractee means any person for whom or for whose benefit a work contract.........

fitting out, improvement, repair, manufacture, processing, fabrication, erection, installation, modification or commissioning of any movable or immovable property. Government is empowered to issue notifications and Department can issue circulars for the administration of the KVAT Act and.........

The Society executed (August 2009) a Mortgage Deed with the Department, transferring all its movable and immovable properties, both present and future, to be charged as security for repayment but did not enclose the details of any property so mortgaged. As per the latest accounts furnished by.........

Instruments affecting immovable property are to be presented for registration in the office of Sub-Registrar within whose jurisdiction the whole or some portion of the property is situated. The Registration Department administers the Acts and Rules relating to Stamp Duty and Registration.........

from the records As per Article 5(e) of the KS of SRO, Ramanagara, that an Act, any agreement relating to agreement of sale and a general the sale of immovable property power of attorney (GPA) delivering wherein possession of the the possession and authorising the property is delivered or agreed.........

loans to non-resident persons of Indian nationality/origin should not be sanctioned for investment in real estate business, dealing in land and other immovable property, for commercial purposes either singly or in association with others. The Company, contrary to the said direction sanctioned.........

4.1.11.2 Properties of Aided Schools According to Chapter 10 of KER, statements containing lists of movable and immovable properties of aided schools was required to be sent by the school managers in Form 10 of KER to DEOs/AEOs as the case may be. The DEO in charge of the area was the officer.........