Punjab has expanded its property tax collection system to include housing societies outside urban areas for the first time, according to Excise officials.
Residents of government-approved housing societies will now be required to pay property tax assessed using DC rates under a new system. Officials stated that the ETO Excise can evaluate and determine tax assessments.
Around 2.5 million property owners across Punjab are part of the tax net. The inclusion of housing societies outside city limits is expected to increase tax revenue significantly.
Excise officials also confirmed that after receiving cabinet approval, a summary will be submitted to the government this week for final approval.