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Punjab Excise collects Rs 5.42 billion property tax in eight months

Punjab Excise collects Rs 5.42 billion property tax in eight months

LAHORE: The Punjab Excise and Taxation Department has collected Rs 5.42 billion under the head of property tax in eight month of the current fiscal year 2014-2015.

As per detail, department has achieved 70 percent of set target for current fiscal year in first eight months that is almost 31 percent more than last year’s collections of Rs 4.138 billion.

Punjab E&T secretary has urged officials to meet revenue targets here in director’s conference held last day.It is important to mention that revenue targets of property taxes have also been revised  in meeting.
Excise and Taxation Department is issuing notices to defaulters with penalty of three percent.