Categories: Technology

Rs640m in outstanding property tax not recovered by CDA: Audit Report FY18-19

ISLAMABAD: The Capital Development Authority (CDA) did not recover Rs640 million in outstanding property taxes, according to the audit report published for the 2018-19 fiscal year.

invest with imarat

Islamabad’s emerging city centre

Learn More

While reviewing CDA’s revenue department accounts, the report revealed that Rs380.4 million in property taxes on residential buildings and Rs260.1 million on commercial buildings were outstanding up to June 2018.

The report attributed weak follow-ups towards the recovery of outstanding taxes. It further advised taking effective steps by the top management level, which should devise a comprehensive system of follow up of defaulter cases through additional deputy commissioner revenue.

The Authority informed that the default amount of Rs166 million has been recovered when
The report has also highlighted the authority’s negligence towards the recovery of Rs455.7 million in rental charges.

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

WASA to Launch PKR 14 Billion High-Tech Sewerage Project in Lahore Using TBM Technology

The Water and Sanitation Agency (WASA) Lahore is set to initiate a landmark sewerage upgrade…

5 hours ago

Govt Plans Strict Tax Measures Against Non-Filers in Upcoming Finance Bill

Islamabad: The federal government is likely to include the Tax Laws (Amendment) Bill, 2024 in…

1 day ago

Pakistan Awaits IMF Verdict on $2.3 Billion in Loan Approvals

Islamabad: The International Monetary Fund (IMF) Executive Board is set to convene on Friday, May…

1 day ago

Lahore-Rawalpindi Bullet Train Project Lauded as a Major Milestone for Punjab’s Development

Members of the National and Punjab Assemblies have lauded the provincial government’s plan to introduce…

2 days ago

CDA Sets New Record with Rs25 Billion Development Expenditure This Fiscal Year

ISLAMABAD: The Capital Development Authority (CDA) has recorded a historic development expenditure of Rs25 billion…

3 days ago

Islamabad Set to Inaugurate State-of-the-Art IT Park on August 14

ISLAMABAD: The federal government is set to inaugurate the Islamabad Information Technology Park on August…

5 days ago