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Monday, August 9, 2010

Regarding property returns....Reply to Miss/Mr Anonymous

Hello Miss/Mr Anonymous, thanks for your visit on the blog....Regarding your query...Movable property as mentioned in the form means jewellery, cash balance,etc and immovable property means land,house,etc....The intention behind such declaration before joining the service is to keep track on your personal wealth after joining service....You need to declare your movable and immovable assets every year to the department which you are going to join....Government think that by such declaration, they can curb corruption as you have to declare your source of income if you add any new assets in your name...If you will not be able to explain the source you may fall in to trouble...Regarding veracity of the declaration, as such in the beginning there will not be any fact finding, but you can't negate such verification in case of exponential declaration of assets owing to your socio-economic background...you may be kept under watch if your declaration are exceptionally unique...thus be careful and relax also as in the beginning of the service, there is no tension on this point but after joining service you will have to be a bit careful...further query is welcome...keep blogging..

2 comments:

Vijay said...

Sir,Regarding the question about Police verification you had replied last week that some CID might visit our homes.But so far no one has visited mine and few of my friends.Does that mean our verification is still incomplete

Anonymous said...

WHETER it needs to furnish documentary proof for movable and immovable property that is declared, or mere declaration is sufficient. if proof is needed than agreement on stamp paper is sufficient or something more is required? actully i own both movable or immovable property for that i have only stamp paper agreement ( in case of immovable property and vehicle )and no documentary proof for cash and jewellery. what is about balance in saving accounts with banks.