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

Baghbanpura Bazar: A Historic Market in Lahore

Lahore, known as Pakistan's cultural and historic heart, is home to numerous ancient sites, bustling…

4 hours ago

Garha Mor: A Notable Landmark in Vehari City

Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…

1 day ago

Aslam Market Wah Cantt: Pleasure of Shopping & Dinning

Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…

2 days ago

Abid Market Lahore: An Iconic Shopping Landmark

Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…

3 days ago

CDA Chairman Urges Rapid Completion of Major Islamabad Interchanges

ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…

3 days ago

IMARAT Announces Launch of Pakistan’s Largest Sharia-Compliant REIT – A New Era of Real Estate Investment

Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…

3 days ago