Audit Reports

But these were not registered as per the provisions of the Registration Act, which stipulates that leases of immovable property from year to year, or for any term exceeding one year, or reserving a yearly rent is to be compulsorily registered. Thus, non-registration of these documents resulted...............

48 According to section 65 (90 a) of Chapter V of Finance Act, 1994, service tax is payable only on those rents which are received from the immovable property leased in the course o f furtherance of business or commerce. The BCU -Gorakhpur took (August 2014) a piece of l and on lease from...............

This Report for the year ended March 2015 has been prepared for submission to the Governor of Karnataka under Article 151 of the Constitution of India for being laid in the State legislature. The Report contains findings of Performance Audit on...

the area to be a development Delay in implementation of Government orders led to non -levy of additional stamp duty on the deeds of transfer of the immovable property situated in the areas notified as developed by the Government. Sale deeds were misclassified as correction deeds and accordingly...............

The reply of the management is not tenable- As it is evident from the letter dated 1 April 2006 from RIC to RCIL that the FWP/Ts were the property of RIC (later changed into RCL) and it had requested RCIL to install it in the premises of the subscriber. Though RCIL could undertake the...............

This proposal was again returned (April 2012) for modification to C-DAC by DeitY. C-DAC submitted (September 2012) a revised proposal to DeitY for the balance work wherein the total project cost increased to ` 116.19 crore resulting in additional funds requirement of ` 66.39 17crore ( `...............

During the financial year 2014-15 the Custom Receipts of ` 1,88,016 crore grew by nine percent over the previous financial year accounting for 34 percent of Indirect Tax revenue and 15 percent of Gross tax revenue. The ratio of Customs duty...

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 2.4 times during FY 2010-11 to FY 2014-15. Out of total pending demand, the...............

issues in Central Excise 8 1.11 Central Excise revenue forgone under Central Excise Act 8 1.12 Trade facilitation 9 1.13 Scrutiny of Central Excise returns 10 1.14 Refunds 12 1.15 Internal Audit 13 1.16 Call book 14 1.17 Arrears of Central Excise duties 15 1.18 Additional revenue realised...............

Section 65(105)(zzza)of the Act (Works Contract) stipulates that transfer of property in goods is an essential condition for classification of service under Works Contract. In case of non-payment/short payment of Serv ice Tax, interest is payable as per Section 75 of the Act. M/s. Teamco Hitech...............