{"id":16507,"date":"2023-05-23T23:26:36","date_gmt":"2023-05-23T18:26:36","guid":{"rendered":"https:\/\/propakistani.pk\/proproperty\/?p=16507"},"modified":"2023-05-23T23:26:36","modified_gmt":"2023-05-23T18:26:36","slug":"pti-chairman-imran-khan-settles-luxury-tax-for-zaman-park-house","status":"publish","type":"post","link":"https:\/\/propakistani.pk\/proproperty\/pti-chairman-imran-khan-settles-luxury-tax-for-zaman-park-house\/","title":{"rendered":"PTI Chairman Imran Khan Settles Luxury Tax for Zaman Park House"},"content":{"rendered":"<p>LAHORE: Imran Khan, Chairman of Pakistan Tehreek-i-Insaf (PTI), has finally settled the luxury tax amounting to Rs. 1.44 million for his seven-kanal residence in Zaman Park.<\/p>\n<p>The payment was made to the Excise &amp; Taxation Department, and a document confirms the Rs. 1.440 million cash deposit into the department&#8217;s account at the National Bank of Pakistan.<\/p>\n<p>Earlier in May, the department issued a notice to the property owners, listed in the name of Ms. Shaukat Khanum, requesting the payment of the luxury house tax by May 12.<\/p>\n<p>However, the tax was not paid within the specified time frame, leading to the issuance of another notice, extending the payment deadline to May 22.<\/p>\n<p>It is worth mentioning that on April 13, the department served a notice to Imran Khan&#8217;s Zaman Park residence, seeking information about the property size and other details to calculate the luxury tax.<\/p>\n<p>This notice informed the property owners, registered under the name of Shaukat Khanum, about the imposition of a luxury tax by the provincial government from July 2014, by Section 8 of the Punjab Finance Act 2014.<\/p>\n<div style=\"clear:both; margin-top:0em; margin-bottom:1em;\"><a href=\"https:\/\/propakistani.pk\/proproperty\/former-pm-khan-asked-to-clear-arrears-under-luxury-tax-within-a-week\/\" target=\"_blank\" rel=\"dofollow\" class=\"u712478f4373a765d60ec38df5e8276a7\"><style> .u712478f4373a765d60ec38df5e8276a7 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#2C3E50; border:0!important; border-left:4px solid #F1C40F!important; text-decoration:none; } .u712478f4373a765d60ec38df5e8276a7:active, .u712478f4373a765d60ec38df5e8276a7:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u712478f4373a765d60ec38df5e8276a7 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u712478f4373a765d60ec38df5e8276a7 .ctaText { font-weight:bold; color:#F1C40F; text-decoration:none; font-size: 16px; } .u712478f4373a765d60ec38df5e8276a7 .postTitle { color:#eaeaea; text-decoration: underline!important; font-size: 16px; } .u712478f4373a765d60ec38df5e8276a7:hover .postTitle { text-decoration: underline!important; } <\/style><div style=\"padding-left:1em; padding-right:1em;\"><span class=\"ctaText\">ALSO READ<\/span>&nbsp; <span class=\"postTitle\">Former PM Khan Asked to Clear Arrears Under Luxury Tax Within a Week<\/span><\/div><\/a><\/div>\n<p>According to the department, the previous house on the plot, built in 1970, was demolished in 2018 and a new house was constructed in 2020, which falls under the category of a luxury house.<\/p>\n<p>As per the Punjab Finance Act 2014, a house with a size of two kanal or above and a covered area exceeding 6,000 square feet, constructed between January 1, 2001, and June 30, 2022, is subject to a tax ranging from Rs. 100,000 to Rs. 200,000 per kanal, depending on the neighborhood.<\/p>\n<p>Similarly, a house measuring eight kanal or above, with a covered area exceeding 12,000 square feet and built during the same period, incurs a tax ranging from Rs. 200,000 to Rs. 300,000 per kanal (up to a maximum of R. s2.4 million to Rs3.6 million).<\/p>\n<p>&#8220;After receiving the information provided by the property owners, the department assessed the tax, which amounted to Rs. 1.440 million.<\/p>\n<p>Following the two notices served, Imran Khan paid the tax on May 22,&#8221; stated the official.<\/p>\n<p><em>Source: DAWN<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LAHORE: Imran Khan, Chairman of Pakistan Tehreek-i-Insaf (PTI), has finally settled the luxury tax amounting to Rs. 1.44 million for his seven-kanal residence in Zaman Park. The payment was made to the Excise &amp; Taxation Department, and a document confirms the Rs. 1.440 million cash deposit into the department&#8217;s account at the National Bank of Pakistan. Earlier in May, the department issued a notice to the property owners, listed in\u2026<\/p>\n","protected":false},"author":3,"featured_media":9874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-16507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"img_urls":{"thumbnail":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/01\/ProProperty-Design-Template-1000x560-55.jpg",1000,560,false],"medium":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/01\/ProProperty-Design-Template-1000x560-55.jpg",1000,560,false],"full":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/01\/ProProperty-Design-Template-1000x560-55.jpg",1000,560,false]},"author_name":"Firas Qureshi","categories_name":["News"],"title_text":"PTI Chairman Imran Khan Settles Luxury Tax for Zaman Park House","related_stories":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts?filter&per_page=4&categories=5&exclude=16507","_links":{"self":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/16507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/comments?post=16507"}],"version-history":[{"count":0,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/16507\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media\/9874"}],"wp:attachment":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media?parent=16507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/categories?post=16507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/tags?post=16507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}