Punjab’s property tax system has been expanded to cover housing societies located beyond urban areas, according to officials from the Excise Department.
Residents living in government-approved housing societies will now fall under the property tax net. Taxes will be calculated based on DC rates under this updated framework. Officials explained that the ETO Excise has the authority to assess and finalize these tax calculations.
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This move brings around 2.5 million property owners across Punjab into the tax network. The inclusion of housing societies outside city boundaries is expected to bring a noticeable boost to revenue collection.
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Excise officials shared that after receiving cabinet approval, the proposal will be forwarded to the government this week for the final go-ahead.
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