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Audit team detects Rs 60 million fraud in property tax, receipts of millions of rupees missing

Audit team detects Rs 60 million fraud in property tax, receipts of millions of rupees missing

ISLAMABAD: An audit team has already completed the audit of Excise and Taxation Department of Rawalpindi for the year 2014-15.

According to sources, the audit team has returned to Lahore after completing the audit and will prepare its report and will send it to the Punjab government.

Sources further added that a Rs 60 million fraud was deducted in the property tax collection while receipts of millions of rupees tax were missing in the record.

On the other hand, the Excise and Taxation office sources told Customs Today that huge irregularities were found in property tax collection..

It is important to mention here that Director-General Excise and Taxation Punjab has constituted a four-member audit team under the supervision of Director Audit and Enforcement Lahore Muhammad Asif to investigate into the financial and administrative irregularities in the xcise and Taxation office, Rawalpindi.