{"id":68328,"date":"2020-07-22T15:56:51","date_gmt":"2020-07-22T10:56:51","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=68328"},"modified":"2020-07-22T15:57:10","modified_gmt":"2020-07-22T10:57:10","slug":"crackdown-planned-against-owners-fabricating-details-evade-commercial-property-tax","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/crackdown-planned-against-owners-fabricating-details-evade-commercial-property-tax.html","title":{"rendered":"Crackdown planned against owners fabricating details to evade commercial property tax"},"content":{"rendered":"\n<p>Lahore: The Punjab Excise &amp; Taxation Department on Tuesday announced its decision to conduct a crackdown against individuals found fabricating details to evade commercial property tax payments, a news source reported. To this effect, Excise &amp; Taxation DG Chaudhry Masood-ul-Haq stated that the department team would pay surprise visits to all commercial centres in the province to check documents and details pertaining to ownership.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/commercial-units-along-highways-identified-impose-tax.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab Excise identifies commercial units along highways to impose property tax<\/a><\/p>\n\n\n\n<p>The DG added that the department would take strict action against commercial property owners who have fabricated details in order to misguide the officials. An official source revealed that many owners keep showing that they are personally running businesses on the commercial premises when they have actually rented these out. The source added that this allows them to pay less tax as the amount charged on personally used commercial properties was significantly lower than that of those rented to others.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cda-to-take-action-against-commercial-property-tax-defaulters.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA to take action against commercial property tax defaulters<\/a><\/p>\n\n\n\n<p>According to experts, if property owners follow the rules outlined, the provincial government would be able to raise it revenue by PKR 1 billion annually. He added that the department plans to carry out a detailed survey to determine tax evasion tactics and eliminate the problem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Punjab Excise &amp; Taxation Department on Tuesday announced its decision to conduct a crackdown against individuals found fabricating details to evade commercial property tax payments, a news source reported. To this effect, Excise &amp; Taxation DG Chaudhry Masood-ul-Haq stated that the department team would pay surprise visits to all commercial centres in the province to check documents and details pertaining to ownership. Read: Punjab Excise identifies commercial units along highways to impose property tax The DG added that the department would take strict action against commercial property owners who have fabricated details in order to misguide the officials. An official source revealed that many owners keep showing that they are personally running businesses on the commercial premises when they have actually rented these out. The source added that this allows them to pay less tax as the amount charged on personally used commercial properties was significantly lower than that of those rented to others. Read: CDA to take action against commercial property tax defaulters According to experts, if property owners follow the rules outlined, the provincial government would be able to raise it revenue by PKR 1 billion annually. He added that the department plans to carry out&hellip;<\/p>\n","protected":false},"author":68,"featured_media":61791,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[35319],"persona":[],"class_list":{"0":"post-68328","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-details-on-crackdown-planned-against-owners-fabricating-details-to-evade-commercial-property-tax","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>Crackdown against commercial property tax evasion - Zameen News<\/title>\n<meta name=\"description\" content=\"The Punjab Excise &amp; Taxation Department announced to conduct a crackdown against individuals fabricating details to evade commercial property tax payments.\" \/>\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\/crackdown-planned-against-owners-fabricating-details-evade-commercial-property-tax.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crackdown against commercial property tax evasion - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Punjab Excise &amp; Taxation Department announced to conduct a crackdown against individuals fabricating details to evade commercial property tax payments.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/crackdown-planned-against-owners-fabricating-details-evade-commercial-property-tax.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-22T10:56:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-22T10:57:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/Excise-punjab.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Safina Sultan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Safina Sultan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Crackdown against commercial property tax evasion - Zameen News","description":"The Punjab Excise & Taxation Department announced to conduct a crackdown against individuals fabricating details to evade commercial property tax payments.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/crackdown-planned-against-owners-fabricating-details-evade-commercial-property-tax.html","og_locale":"en_US","og_type":"article","og_title":"Crackdown against commercial property tax evasion - Zameen News","og_description":"The Punjab Excise & Taxation Department announced to conduct a crackdown against individuals fabricating details to evade commercial property tax payments.","og_url":"https:\/\/www.zameen.com\/news\/crackdown-planned-against-owners-fabricating-details-evade-commercial-property-tax.html","og_site_name":"Pakistan Real Estate News &amp; 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