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

CDA to Transform Park Road Nursery Under Rs652 Million Gardenia Hub Project

ISLAMABAD: Capital Development Authority (CDA) is currently undertaking a major Rs652 million project to upgrade…

1 hour ago

Citywide Anti-Encroachment Drive to Begin in Karachi

Karachi – Mayor Barrister Murtaza Wahab has announced the launch of a citywide anti-encroachment operation…

7 hours ago

CDA Chairman Orders Revival of 23 Water Fountains with Artistic Lighting

ISLAMABAD: CDA Chairman Muhammad Ali Randhawa has directed the immediate restoration of 23 non-functional water…

1 day ago

Govt to Abolish 3% FED on First Sale of Properties in Pakistan

ISLAMABAD: In a major relief for the real estate sector, the federal government has decided…

2 days ago

First-Ever Digital Auction by DHA Islamabad-Rawalpindi – A Smart Step into the Future of Real Estate

DHA Islamabad-Rawalpindi (DHAI-R), one of the most trusted names in Pakistan’s real estate landscape, is…

2 days ago

CDA Reviews Development Projects, Launches Initiatives to Boost Tourism in Islamabad

ISLAMABAD: Chairman Capital Development Authority (CDA), Muhammad Ali Randhawa, chaired a comprehensive review meeting on…

1 week ago