UNLAWFUL allotment of costly Residential Plots to high officers.

ILLEGAL ALLOTMENT OF HIGH PRICED PLOTS TO HIGH OFFICERS IS DISCLOSED BY AUDITOR GENERAL OF PAKISTAN'S REPORT.

Auditor General of Pakistan (AGP) pointed out the illegal allotment of 234 heavy priced plots to higher officers in Grade 22, on raising the issue of violation of MOU of Federal Government Housing Foundation. These officers were not eligible technically under Prime Minister Scheme and these officers were also owners of plots already.

In the report of 2012-13, AGP removed the curtain from hidden malign designs and disclosed that 9 officers, who had not applied for plot under the scheme and and they were already possessing plots from CDA / Federal Government Housing Foundation, were also given plots worth Rs. 140 Millions by violating the rules and regulations.

It is also told that 32 plots worth Rs. 270 Millions were given to those officers who were not entitled on the condition of age factor. It was due to not proper scrutiny done by the concerned authority.

Tax on all big housing schemes and bungalows is ready to implement.

Excise and Tax Deptt. of Govt of Punjab is committed to apply Property tax on all big housing schemes and bungalows.

Government of Punjab has prepared its plan to impose property tax on all big housing societies, Defence Societies, cantonments, and Luxury bungalows.

Authorities of Tax and Excise Deptt. told that plan of tax implementation on all big bungalows is at final stage. It will be implemented on big and luxurious bungalows without any discretion.

 As per approved law, Luxury Tax is as below:

Rs. 500,000/-:-       Bungalow with area 2 kanals but less than 4 kanals

Rs.1,000,000/-:       Bungalow with areas 4 kanals to but less than 8 kanals

Rs.1,500,000/-:       Bungalow with areas greater than 8 kanals

If any owner has paid the tax, the new owner of that bungalow will be exempted from tax.

It was hoped initially that there would be earning of Rs. 2.5 Billions from this tax. Experts say revenue can be more than Rs. 5 Billions if Law is implemented on a big scale.