Government to issue separate CVT rate for SIE 12308 13341 PakRealEstateTimes.Com

Thread Rating:

0 Vote(s) - 0 Average
1
2
3
4
5

Threaded Mode | Linear Mode

Government to issue separate CVT rate for SIE

11-27-2010, 07:39 PM

Post: #1

Lahore_Real_Estate Offline

Super Moderator

Posts: 2,737
Joined: Nov 2009
Reputation: 0

Government to issue separate CVT rate for SIE

On the directions of Chief Minister Punjab, Mian Shahbaz Sharif, Punjab government has decided to notify a separate rate of Capital Value Tax (CVT) of two percent at a recorded value provided by Punjab Industrial Estates for transferring and registering plots situated in Sundar Industrial Estate (SIE). This was decided at a meeting presided over by senior member Board of Revenue (BoR), here on Friday.

Industrialists completing their projects at Sundar Industrial Estate (SIE) had demanded rationalisation of CVT rates on transferring and registering of industrial plots located inside the estate. The revenue authorities were levying CVT on industrial plots at the rates applicable to commercial properties.

Mian Shahbaz Sharif, during his visit to SIE few weeks back, directed BoR Punjab to rationalise CVT rates with a view to encouraging repaid colonisation inside the estate. SIE management has expressed confidence that the step taken will go a long way in industrialisation of the country.
LAHORE (November 27, 2010)

« Next Oldest | Next Newest »

Possibly Related Threads...
Thread:		Author	Replies:	Views:	Last Post
	Projected 7% Reduction in Policy Rate for CY24	LRE-Azan	0	476	11-27-2023 02:13 PM Last Post: LRE-Azan
	Real Estate Agents in KPK Seeks Government Action on Tax Rate Revisions	LRE-Azan	0	643	09-01-2023 07:43 PM Last Post: LRE-Azan
	Dollar Rate in Pakistan – USD to PKR Open Market Updated Prices (2023)	LRE-Azan	0	765	08-31-2023 07:18 PM Last Post: LRE-Azan
	Separate Courts for Overseas Pakistanis in Lahore	LRE-Azan	0	1,312	12-11-2021 07:54 PM Last Post: LRE-Azan
	Islamabad: POF Cooperative House Building Society NOC Issue Resolved	LRE-Azan	0	1,755	11-22-2021 08:07 PM Last Post: LRE-Azan
	Sindh To Approach Federal Government To Resolve The Issue Of Land Grabbed	Salman	0	4,792	03-04-2014 02:02 PM Last Post: Salman
	Special Persons To Get Separate Quota In Housing Schemes	Salman	0	5,407	02-20-2014 01:46 PM Last Post: Salman
	Punjab Govt Decides to Solve Disputed Land Issue With DHA Lahore	Salman	0	7,830	07-11-2013 12:03 AM Last Post: Salman
	CDA to take up Chirah Dam issue with Punjab government	Salman	0	4,965	04-15-2013 01:57 PM Last Post: Salman
	LHC directs LDA to resolve Bahria Town issue in 6 weeks	Salman	0	18,374	04-02-2013 05:40 PM Last Post: Salman
	CDA directed to issue plot letters toG-13 affectees	Salman	0	5,497	12-21-2012 01:51 PM Last Post: Salman
	CDA sets up committee to iron out kiosks issue	Salman	0	4,726	10-16-2012 12:28 PM Last Post: Salman
	Interest rate down by 1.5%	Salman	0	4,882	08-11-2012 12:34 PM Last Post: Salman
	CDA, Punjab gov’t clash on Rawal Lake issue	Salman	0	6,515	07-19-2012 12:32 PM Last Post: Salman
	Private sector’s hopes of cut in policy rate diminish	Salman	0	4,237	04-14-2012 02:26 PM Last Post: Salman
	CDA sells off plot to wrap up issue	Salman	0	4,981	04-06-2012 12:30 PM Last Post: Salman
	Issue of land for inter-city bus terminal resolved	Lahore_Real_Estate	0	4,142	01-25-2012 11:55 AM Last Post: Lahore_Real_Estate
	SBP to retain discount rate at 12%	Lahore_Real_Estate	0	3,685	12-01-2011 01:39 PM Last Post: Lahore_Real_Estate
	Elite Town Electricity Issue Solved	Lahore_Real_Estate	0	5,103	10-12-2011 03:05 PM Last Post: Lahore_Real_Estate
	Build-up-property compensation issue	Lahore_Real_Estate	0	4,106	09-08-2011 02:46 PM Last Post: Lahore_Real_Estate

User(s) browsing this thread: 1 Guest(s)