Movable Property Intimation Form For Central Government Employees In Clark

Category:

Leases - Contracts

State:

Multi-State

County:

Clark

Control #:

US-00123

Format:

Instant download

Description

The Movable Property Intimation Form for Central Government Employees in Clark is a crucial document that allows employees to formally disclose their movable property assets to the relevant authorities. This form ensures compliance with governmental regulations pertaining to asset declaration, helping to maintain transparency in financial dealings. Key features include fields for detailing asset descriptions, valuations, and the context of acquisition. Users must carefully fill out the form, ensuring accurate information is presented, and are advised to retain a copy for their records. Editing is permissible before submission, but changes should be tracked to reflect the most current status of ownership. This form is particularly useful for central government employees to avoid discrepancies that may lead to legal or disciplinary actions. Attorneys, partners, owners, associates, paralegals, and legal assistants may find this form essential for advising clients or employees on compliance with asset declaration laws, managing legal risks, and ensuring proper documentation is executed. Overall, it provides a structured approach to asset reporting, reinforcing ethical standards and accountability within government service.

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FAQ

An asset that does not have the capability to move from one place to the other is considered immovable property. In the real estate market, immovable property includes residential properties, warehouses, manufacturing units, and factories.

Since September 2023, Law No. 048/2023 dated 05/09/2023, determining the sources of revenue and property of decentralized entities, has established a tax on the sale of immovable property, levied at two different rates of 2 percent and 2.5 percent.

Note:- The declaration form is required to be filled in and submitted by member of Class – I and Class – II services under rule 18 (2) of the CCS (Conduct) Rules, 1964 on first appointment to the service and thereafter at the interval of every twelve months, giving particulars of all immovable property owned, acquired ...