{"id":52987,"date":"2019-06-27T13:10:12","date_gmt":"2019-06-27T08:10:12","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=52987"},"modified":"2020-07-22T12:23:32","modified_gmt":"2020-07-22T07:23:32","slug":"etncd-to-conduct-general-survey-of-property-tax-in-punjab","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/etncd-to-conduct-general-survey-of-property-tax-in-punjab.html","title":{"rendered":"ETNCD to conduct general survey of property tax in Punjab"},"content":{"rendered":"<p>Lahore: The Excise, Taxation and Narcotics Control Department (ETNCD) has decided to conduct a general survey to determine the status of property tax payment in Punjab, reported a news source. This survey is conducted after every five years.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/excise-department-notifies-deadline-for-property-taxes-submissions.html\" target=\"_blank\" rel=\"noopener noreferrer\">Excise department notifies deadline for property taxes submissions<\/a><\/p>\n<p>Based on the survey results, the department will include newly constructed commercial and residential units into the tax net. Reportedly, the ETNCD has already started taking the required measures in this regard. The initiative will help the department increase its revenue by 30%.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/secretary-excise-directs-department-officials-to-meet-targets-by-june-30.html\" target=\"_blank\" rel=\"noopener noreferrer\">Secretary Excise directs department officials to meet targets by June 30<\/a><\/p>\n<p>According to sources, around 200,000 new property units were added to the databank maintained by the ETNCD after a province-wise internal audit was conducted this year. This contributed to a rise of PKR 1 billion in the department\u2019s revenue.<\/p>\n<p>The general property tax survey helps the ETNCD ascertain the value of property in the province. In addition, this helps determine and assign new property categories changed during the last five years.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/widening-tax-net-excise-dept-spots-643-luxury-properties.html\" target=\"_blank\" rel=\"noopener noreferrer\">Widening tax net, Excise Dept. spots 643 luxury properties<\/a><\/p>\n<p>Sources from the ETNDC revealed that they have been instructed to conduct this survey in the fiscal year 2019-20, with all arrangements to be prepared. Based on the survey findings, the ETNCD will collect property taxes according to the new categories allocated to various properties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Excise, Taxation and Narcotics Control Department (ETNCD) has decided to conduct a general survey to determine the status of property tax payment in Punjab, reported a news source. This survey is conducted after every five years. Read:\u00a0Excise department notifies deadline for property taxes submissions Based on the survey results, the department will include newly constructed commercial and residential units into the tax net. Reportedly, the ETNCD has already started taking the required measures in this regard. The initiative will help the department increase its revenue by 30%. Read:\u00a0Secretary Excise directs department officials to meet targets by June 30 According to sources, around 200,000 new property units were added to the databank maintained by the ETNCD after a province-wise internal audit was conducted this year. This contributed to a rise of PKR 1 billion in the department\u2019s revenue. The general property tax survey helps the ETNCD ascertain the value of property in the province. In addition, this helps determine and assign new property categories changed during the last five years. Read:\u00a0Widening tax net, Excise Dept. spots 643 luxury properties Sources from the ETNDC revealed that they have been instructed to conduct this survey in the fiscal year 2019-20, with&hellip;<\/p>\n","protected":false},"author":18,"featured_media":34993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[12013],"persona":[],"class_list":{"0":"post-52987","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-etncd-to-conduct-general-survey-of-property-tax-in-punjab","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>ETNCD to conduct general survey of property tax in Punjab - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Excise, Taxation and Narcotics Control Department (ETNCD) has decided to conduct a general survey to determine the status of property tax\" \/>\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\/etncd-to-conduct-general-survey-of-property-tax-in-punjab.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ETNCD to conduct general survey of property tax in Punjab - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The Excise, Taxation and Narcotics Control Department (ETNCD) has decided to conduct a general survey to determine the status of property tax\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/etncd-to-conduct-general-survey-of-property-tax-in-punjab.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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