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Audit Reports

Reports older than 2009

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Page 67 of 68, showing 10 records out of 671 total

01 April 2010
Compliance Financial Performance
Delhi
Report of 2009 - Performance and Compliance Audit on Civil and Commercial Public Sector of Government of Delhi

This Report on the audit of expenditure incurred by the Government of NCT of Delhi for the financial year ended March 2009 has been prepared for submission to the Lieutenant Governor under Article 151(2) of the Constitution of India. The report...

Sector:
Transport & Infrastructure |
Power & Energy |
Social Welfare |
General Sector Ministries and Constitutional Bodies
Chapter 5 - Government Commercial and Trading Activities
(PDF 13.03 MB)

The Board of Directors (BoD) of the Corporation, however, relaxed (28 June 2002) the existing security norms of collateral security in the form of immovable property, Fixed Deposit Receipt, National Saving Certificates and Government securities by 50 per cent i.e. from 10 per cent to 5 per cent.........

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19 December 2014
Performance
Report No. 33 of 2014 - Performance Audit on Central Excise Administration in Automotive Sector of Union Government, Department of Revenue-Indirect Taxes,Central Excise

Finance Act, 1994  inserted with effect from 1 July 2010, “immovable  property” includes vacant land, given on lease or license for construction of .........

Sector:
Taxes and Duties
Chapter 5 - Other topics of Interest
(PDF 0.2 MB)

Show cause notice is under issue for the balance amount. 5.1.5 Non-payment of Service Tax Service Tax is leviable on Renting of Immovable Property with effect from 1 June 2007. Further, as per Explanation (v) to Section 65(105)(zzzz) of the Finance Act, 1994 inserted with effect from 1 July 2010,.........

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28 November 2014
Performance
Report No. 21 of 2014 - Performance Audit of Special Economic Zones SEZs of Union Government, Department of Revenue - Indirect Taxes, Customs

duties/taxesisnotadmissibleforsuchactivity. Further,asperclause(90a)ofsection65oftheFinanceAct,1994“rentingof immovableproperty”includesrenting,letting,leasing,licensingorother similararrangementofimmovablepropertyforuseinthecourseof.........

Sector:
Taxes and Duties
Chapter 6 - Monitoring, evaluation and Control
(PDF 0.3 MB)

Further, as per clause (90a) of section 65 of the Finance Act, 1994 "renting of immovable property" includes renting, letting, leasing, licensing or other similar arrangement of immovable property for use in the course of furtherance of business or commerce. Explanation 2, thereunder, provides.........

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18 July 2014
Performance
Report No. 5 of 2014 - Performance Audit on Stressed Assets Stabilisation Fund SASF of Union Government, Ministry of Finance Department of Financial Services

Industrial Development Bank of India [IDBI] was an apex institution to provide long term finance to industrial enterprises, both in public and private sectors. IDBI ceased to exist with effect from 1 October 2004 and in its place IDBI Bank came into ...

Sector:
Finance
Chapter 6 - Resolved Cases
(PDF 1.69 MB)

The Official Liquidator (OL) of Madras High Court had sold (2009) movable and immovable assets of SIL for 230.42 crore out of which the dues of the Trust were 28.58 crore. The Trust received (February 2011) 23.19 crore while balance 5.39 crore is yet to be received from the official.........

Chapter 3 - Inadmissible Exchange of Stressed Assets
(PDF 1.41 MB)

12 Audit Report on Stressed Assets Stabilisation Fund Since there was a stay on sale of immovable property, ARCIL was trying to sell the movable property, reserve price of which was a paltry amount of 20.93 crore. Pro-rata share of the Trust was not available. 3.2.2 Shri Vishnupriya.........

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28 November 2014
Performance
Report No. 20 of 2014 - Performance Audit on Allowance of Depreciation and Amortisation

Income Tax Act, 1961, (Act) lays down diverse provisions on depreciation and/or amortisation for tax purposes as deduction to an assessee/ a company in the course of its business with the intention for promoting economic growth within the Country....

Sector:
Taxes and Duties
Chapter 4 - Allowance of Amortization
(PDF 5.99 MB)

In case of the Partnership firm, only the firm is entitled to claim depreciation on immovable assets brought by the Partners as their capital contribution. As regards ownership in case of finance lease, it has been judicially held14 that only the lessee can be treated as owner of the asset.........

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18 February 2014
Performance
Report No. 32 of 2013 - Performance Audit of Employees' Provident Fund Organisation of Union Government (Civil), Autonomous Bodies, Ministry of Labour and Employment

The Government of India has enacted a number of legislations in the area of social security. Employees Provident Funds and Miscellaneous Provisions Act, 1952 is an important Act in this regard. The Act provides for compulsory provident fund, pension ...

Sector:
Social Welfare
Chapter-IV: Contribution and Recovery
(PDF 5.47 MB)

8B, 8C and 8F of the Act empower the EPFO to issue Revenue Recovery Certificate (RRC) and recover the amount by attachment and sale of movable or immovable property of the establishment or the employer. Scrutiny of records in selected ROs/SROs in Chhattisgarh, Delhi, Madhya Pradesh,.........

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18 July 2014
Performance
Report No. 7 of 2014 - Performance Audit on Assessment of Firms Union Government, Department of Revenue - Direct Taxes

Partnership Firms (Firms) along with Association of Persons (AOPs) and Body of Individuals (BOIs) constitute one of the major businesses apart from the corporate sector in India. Firms are governed by India Partnership Act, 1932. The Income Tax Act, ...

Sector:
Taxes and Duties
Chapter 5 - Internal Control
(PDF 3.75 MB)

by the CCIT or CIT by general or special order, recover any arrears of tax due from an assessee by distraint and sale of his movable/immovable property in the manner laid down in the schedule. Further, Chapter 13 of the Manual of Office Procedure of the ITD specifies that when tax demands.........

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30 April 2013
Performance
Report No. 4 of 2013 - Performance Audit of Strengthening the Tax base through use of Information-Union Government, Department of Revenue - Direct Taxes

Strengthening the tax base is arguably one of the most important aspects of the direct tax management. The Income Tax Department (ITD) uses 'pieces of information' arising from different sources to strengthen the tax database, in addition to the...

Sector:
Taxes and Duties
Chapter 3 - Utilization of Information
(PDF 6 MB)

ITD selected it under CASS for scrutiny on the basis of AIR information of sale of immovable property for 5.65 crore. AO issued statutory notice under section 143(2) on 26 August 2011. AO dropped the proceedings on 28 December 2012 despite CIT’s order dated 23 December 2012 for.........

Chapter 2 - Collection,Collation and Dissemination of Information
(PDF 7.72 MB)

issue of bonds/debentures, Company receiving Tone lakh or more against issue of shares, Registrars/sub-registrars in respect of sale/purchase of immovable property exceeding 30 lakh and RBI for issue of bonds exceeding? five lakh or more. CIB Module of ITD Systems 2.8 CIB module of ITD.........

Annexures
(PDF 1.23 MB)

Source Source Item No. code Compulsory source codes 1 001 Registrars/Local (i) Sale and purchase of immovable property valued at Municipal Bodies 5,00,000 or more (but less than 30,00,000). (ii) Information relating to transfer of capital assets where value declared for the purposes of.........

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06 September 2014
Compliance Performance
Andhra Pradesh
Report No. 4 of 2014 - Performance and Compliance Audit on Revenue sector of Government of Andhra Pradesh

Land revenue 130.35 221.56 170.74 140.56 61.78 (-) 56.05 10. Taxes on immovable property other than agricultural land 80.05 62.49 107.00 157.45 271.53 (+) 72.45 Total 33,358.29 35,176.68 45,139.55 53,283.41 59,875.05 (+) 12.37 Compared to 2011-12, tax revenues have increased by 12.37 per.........

Sector:
Taxes and Duties
Chapter 6 - Stamp Duty and Registration Fees
(PDF 0.43 MB)

Registration and Stamps Department of Andhra Pradesh is responsible for registration of immovable properties, marriages, firms, societies, chits etc. The core function of the department i.e., levy and collection of stamp duty and registration fee was computerized in February 1999, through.........

Chapter 1 - General
(PDF 0.16 MB)

Land revenue 130.35 221.56 170.74 140.56 61.78 (-) 56.05 10. Taxes on 80.05 62.49 107.00 157.45 271.53 (+) 72.45 immovable property other than agricultural land Total 33,358.29 35,176.68 45,139.55 53,283.41 59,875.05 (+) 12.37 Compared to 2011-12, tax revenues have increased by 12.37 per.........

Chapter 8 - Revenue (Endowments)Department
(PDF 0.13 MB)

Renting and leasing of temple properties are governed by The APCHRIE’s Immovable Properties (Other than agricultural lands) Lease Rules, 1982 and Lease of Agricultural Lands Rules, 2003. 8.1.13 Arrears of shop rents and bid amounts on the licences of service rights As per Government.........

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27 November 2014
Performance
Uttarakhand
Report No. 1 of 2014 - Performance Audit on Social, Economic, Revenue sector of Government of Uttarakhand

This Report comprises of three chapters containing audit findings pertaining to Social, General and Economic Sectors (Non-PSUs); Revenue Sector; and Social & Economic Sector (PSUs).There are four Performance audits on National Rural Health...

Sector:
Taxes and Duties |
Finance |
Social Welfare
Chapter 2 - Revenue sector
(PDF 3.65 MB)

whether in present or in future, any right title or interest, whether vested or contingent, of the value of one hundred rupees and upwards, to or in immovable property, shall be registered compulsorily with local sub-registrar. Audit of four Sub-Registrar (SR) offices showed that seven.........

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