It is to inform General Public that Punjab Govt. has imposed Property Tax on Empty Plots as per Valuation Table issued by Govt. in Punjab where property tax is applicable from July 1st, 2016 under Finance Act 2016. Plots owners are also requested to provide their documentary ownership proof to Excise & Taxation Department till September 30, 2016 to avoid any legal complications.
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Is this tax meant to discourage investment in possession plots