Punjab Finance Bill 2024-25: Revision in court fees, vehicle registration and urban property tax proposed

Punjab Finance Bill 2024 -25 proposes revision in different series of column three of Schedule One of the Court Fees Act, 1870. After the amendment, the court fee will be charged Rs 100 instead of Rs 1, Rs 500 instead of Rs 2, reported 24NewsHD TV channel.

The government will be able to declare any property as high-value property. The property owners will be informed about the specific procedure for assessing the value of the properties. Citizens will be able to self-assess the value of their property. The assessment authority will be able to audit the self-assessment of the property.

In Punjab, it is proposed to collect vehicle token tax on invoice value instead of engine power in the next financial year. A vehicle with more than 1,000 cc engine will be charged a registration fee of 20,000 rupees. If the annual tax rate is lower than the above tax rate, then the annual token tax will be charged on the basis of the old rate.

Court Fees Punjab Finance Bill 2024 Urban Property Tax Revision Financial Reforms Punjab 2024 Punjab Court Fee Increase 2024

پاکستان تازہ ترین خبریں, پاکستان عنوانات

Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔

Rs2100 billion to be earmarked for defence sector in budgetDefence spending to go up by 19pc in Finance Bill 2024-25
ذریعہ: DunyaNews - 🏆 1. / 83 مزید پڑھ »

PPP standing with journalists over defamation law: Hassan MurtazaThe Punjab Defamation Bill 2024 was passed by the Punjab Assembly on May 20
ذریعہ: DunyaNews - 🏆 1. / 83 مزید پڑھ »

Rs3,500 billion raise in FBR’s tax collection recommended for next FYDiscover the proposed increase in the FBR's tax collection for FY 2024-25. This pivotal update could redefine Pakistan's fiscal la...
ذریعہ: 24NewsHD - 🏆 19. / 51 مزید پڑھ »

Budget 2024-25: Mobile phones prices set to increase in PakistanMuhammad Aurangzeb has proposed significant changes in tax policies while presenting the federal budget for the fiscal year 2024-25.
ذریعہ: BOLNETWORK - 🏆 9. / 63 مزید پڑھ »

Acting Punjab Governor Malik Ahmad Khan signs Defamation Bill, 2024The Defamation Bill, 2024 was passed by the Punjab Assembly on May 20.
ذریعہ: DunyaNews - 🏆 1. / 83 مزید پڑھ »

How much tax would be charged on a Rs100 mobile recharge?ISLAMABAD – On Wednesday, Finance Minister Muhammad Aurangzeb presented the Federal Budget 2024–25, with a total
ذریعہ: BOLNETWORK - 🏆 9. / 63 مزید پڑھ »