Gujranwala: The Excise & Taxation (E&T) Department Gujranwala has decided to recover PKR 60 million in luxury taxes from hundreds of large houses throughout the Gujranwala division, a news source reported. Notices have been issued on the directions of E&T Director.<\/p>\n
According to details, in the Budget 2016-17, DHA Gujranwala Phase I and Phase II, Askari I and Askari II, DC Colony, Bank Colony, and its surrounding market area located in Gujranwala Cantonment Board limits, along with \u00a0Quaid-e-Azam Road, its link roads and properties located in the vicinity of Aziz Shaheed Road, had been designated as Category-A by the Punjab Government.<\/p>\n
Similarly, in the Budget 2017-18, Wapda Town and large houses in several other areas had also been included in the Category-A.<\/p>\n
Lifetime luxury tax of PKR 500,000 has been applied on houses sized 1,000 sq. ft. to 2,000 sq. ft.; PKR\u00a0 1 million tax was applied on houses between 2,000 sq. ft., and 4,000 sq. ft., and owners of houses larger than that had to pay a luxury tax of PKR 1.5 million.<\/p>\n
The recovery of luxury tax in 2015-16 was PKR 9 million; no recovery was made in 2016-17 due to injunctive orders by court; and, in 2017-18, the recovery was still low at PKR 18.5 million. Now, the E&T department has decided to recover all the dues.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gujranwala: The Excise & Taxation (E&T) Department Gujranwala has decided to recover PKR 60 million in luxury taxes from hundreds of large houses throughout the Gujranwala division, a news source reported. Notices have been issued on the directions of E&T Director. According to details, in the Budget 2016-17, DHA Gujranwala Phase I and Phase II, Askari I and Askari II, DC Colony, Bank Colony, and its surrounding market area located in Gujranwala Cantonment Board limits, along with \u00a0Quaid-e-Azam Road, its link roads and properties located in the vicinity of Aziz Shaheed Road, had been designated as Category-A by the Punjab Government. Similarly, in the Budget 2017-18, Wapda Town and large houses in several other areas had also been included in the Category-A. Lifetime luxury tax of PKR 500,000 has been applied on houses sized 1,000 sq. ft. to 2,000 sq. ft.; PKR\u00a0 1 million tax was applied on houses between 2,000 sq. ft., and 4,000 sq. ft., and owners of houses larger than that had to pay a luxury tax of PKR 1.5 million. The recovery of luxury tax in 2015-16 was PKR 9 million; no recovery was made in 2016-17 due to injunctive orders by court; and, in 2017-18,…<\/p>\n","protected":false},"author":57,"featured_media":34993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[8284],"persona":[],"class_list":{"0":"post-42412","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-pkr-60-million-expected-in-luxury-taxes"},"acf":[],"yoast_head":"\n