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.
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.
The Pakistan Engineering Council and the Capital Development Authority have agreed to collaborate on raising…
Feb 7 (Reuters): Saudi Arabia on Saturday unveiled a wide-ranging investment package for Syria covering…
Islamabad: The Federal Board of Revenue (FBR) has issued revised valuation rates for immovable properties…
Riyadh: Saudi Arabia has completed what it described as a global first in capital market…
Rawalpindi: The Rawalpindi Development Authority (RDA) has introduced strict safety measures for all construction sites…
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has registered three new Real Estate…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
