{"id":50945,"date":"2019-04-01T17:17:12","date_gmt":"2019-04-01T12:17:12","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=50945"},"modified":"2020-06-16T14:31:47","modified_gmt":"2020-06-16T09:31:47","slug":"dc-rate-on-immovable-properties-set-to-increase","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/dc-rate-on-immovable-properties-set-to-increase.html","title":{"rendered":"DC rate on immovable properties set to increase"},"content":{"rendered":"<p>Islamabad: The federal government has decided to revise DC rates implemented by the relevant tax collectors on immovable properties countrywide, a news source reported.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/dc-rate-to-be-applicable-in-areas-without-fbr-rates.html\">DC rate to be applicable in areas without FBR rates<\/a><\/p>\n<p>Finance Minister Asad Umar chaired a meeting to this effect in Lahore last week. As per reports, he directed the officials concerned to convene a meeting of the revenue boards and taxation departments of Punjab, Sindh, Balochistan, and Khyber Pakhtunkhwa.<\/p>\n<p>The meeting is expected to deliberate on the proposal to increase the DC rates of agricultural land, residential plots, houses, plazas, farm houses, shops, and other immovable properties.<\/p>\n<p>Javed Ahmed, chairman of the Punjab Revenue Authority (PRA), said that last week\u2019s meeting took notice of the difference between FBR\u2019s property valuation rates and DC rates.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/blog\/fbr-valuation-tables-2019-whats-coming-next.html\">FBR valuation tables 2019 \u2013 What\u2019s coming next?<\/a><\/p>\n<p>He said that Punjab continues to face an annual revenue shortfall of PKR 70 million due to varying DC rates &#8211; which amount to 33% in some districts and six-percent in others.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government has decided to revise DC rates implemented by the relevant tax collectors on immovable properties countrywide, a news source reported. Read:\u00a0DC rate to be applicable in areas without FBR rates Finance Minister Asad Umar chaired a meeting to this effect in Lahore last week. As per reports, he directed the officials concerned to convene a meeting of the revenue boards and taxation departments of Punjab, Sindh, Balochistan, and Khyber Pakhtunkhwa. The meeting is expected to deliberate on the proposal to increase the DC rates of agricultural land, residential plots, houses, plazas, farm houses, shops, and other immovable properties. Javed Ahmed, chairman of the Punjab Revenue Authority (PRA), said that last week\u2019s meeting took notice of the difference between FBR\u2019s property valuation rates and DC rates. Read:\u00a0FBR valuation tables 2019 \u2013 What\u2019s coming next? He said that Punjab continues to face an annual revenue shortfall of PKR 70 million due to varying DC rates &#8211; which amount to 33% in some districts and six-percent in others.<\/p>\n","protected":false},"author":67,"featured_media":49504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[11147],"persona":[],"class_list":{"0":"post-50945","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-dc-rate-on-immovable-properties-set-to-increase","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DC rate on immovable properties set to increase - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government has decided to revise DC rates implemented by the relevant tax collectors on immovable properties countrywide, a news\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/dc-rate-on-immovable-properties-set-to-increase.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DC rate on immovable properties set to increase - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government has decided to revise DC rates implemented by the relevant tax collectors on immovable properties countrywide, a news\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/dc-rate-on-immovable-properties-set-to-increase.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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