The excise and taxation department has asked all the directors of Punjab to devise a formula for levying taxes. It is planned that a formula is devised by the end of next month.
According to a reliable source it has been found that the directors of excise and taxation department have already forwarded their property related opinions.
A survey related to property taxation is already in progress and it is to be noted that the particular practice of survey related to taxation has been resumed after a period of 12 years.
The relevant officers of the Excise and Taxation department have been advised to complete the survey as soon as possible so that the required formula could be devised within time and the notices could be issued accordingly.
