Lahore: The Excise and Taxation Department, Punjab has sped up the process of carrying out legal action against property owners who didn’t pay their property taxes by the deadline, states a news report. The department offered a 5% rebate to those who paid their property taxes by September 30, 2016.
According to details, the Excise and Taxation Department Director General Akram Ashraf Gondal has given due instructions to all the directors in the province. Teams have also been formed to carry out the operations against the tax defaulters. Furthermore, the department also announced that the property owners who would not pay their taxes in the month of October would be fined with 1% of the total property tax from November 1, 2016 onwards and their properties would also be sealed.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
