Punjab govt to impose property tax
No Comments Sub Category:Other cities,Property Tax Posted On: Nov 07, 2012
All residential and commercial properties, vacant plots and semi-built have come up into the purview of tax with Punjab government imposing property tax.
A 10% early payment rebate will be given for all who pay property tax by June 30 every year, according to the ordinance.
It added that heavy penalty will be imposed on those who evade tax. The penalty will be a rate of 25 per cent of the tax payable and 15 per cent annual interest for the delayed period.
he tax will be based on the parameters like usage, type, structure, occupancy and age.
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