Rawalpindi:
The Rawalpindi Cantonment Board (RCB) has published thousands of opinions for the reassessment of residential and commercial buildings located along the median band between Peshawar Road and Colonel Sher Khan Shaheed Road.
This decision follows the resolution of a long -standing municipal dispute with the capital Development Authority (CDA) by the Federal Cabinet.
The re -evaluation, once finished, is expected to generate an additional annual turnover of RS2 billion for the Rawalpindi Cantonment Board (RCB). The owners of goods receiving opinions were responsible for submitting the property and other documents relevant to the RCB within 15 days. Failure will result in a fine of 10,000 rupees per property.
According to sources, the dispute of the municipal borders between the RCB and the ADC, dating from 1980, was settled following a decision of the federal cabinet.
Consequently, the board of directors of the canton began to reassess the properties in the newly designated municipal areas under its jurisdiction.
Opinions have been issued for a submission of documents, while owners of properties with current tax liabilities receive warning opinions. According to a completed assessment covering the properties of a value of 6 billion rupees, tax opinions were now sent to the owners who had previously retained payments, quoting the limitation dispute.
Meanwhile, the properties not to the evaluation were being examined, the owners required to provide the necessary documentation for the tax assessment.
The RCB would be faced with high financial pressure, which has trouble paying the wages of staff on time and in Claire the ongoing payments to entrepreneurs for completed development projects.
A large part of the budget of the board of directors is allocated to wages, public services and operational expenses, leaving a minimum of funds for the development of infrastructure.
With the recent resolution of the limits, the RCB expects an annual increase in income from RS2 billion in land tax collection.
The tax Superintendent Muhammad Siddiq said that the reassessments had been classified into two groups – one where the assessments are finished and 6 billion rush of unpaid taxes are due, and another where the assessments are pending, requiring submission of documents owners.
Deputy Secretary and RCB spokesperson Rashid Saqib confirmed that the executive director of the canton, Ali Irfan Rizvi, oriented the strict application of tax collection under zero tolerance policy.
All measures, assured, will be implemented in the legal framework.
The RCB was created in 1849, with its limits officially defined in 1957.
On the other hand, the ADC was formed in 1960, with the limits of the Islamabad district finalized in 1963.
The dispute of municipal borders led to legal battles in various courts, which ultimately led to a Directive of the Supreme Court for the Federal Cabinet to resolve the issue.
