Rawalpindi:
The Cantonment Board of Rawalpindi (RCB) has issued thousands of notices for the reevaluation of residential and commercial buildings located along the median strip between Peshawar Road and Colonel Sher Khan Shaheed Road.
The measure follows the resolution of a long -standing municipal dispute with the Capital Development Authority (CDA) by the Federal Cabinet.
Revaluation is expected to be completed, it will generate an additional annual income of RS2 billion for the Rawalpindi Cantonment Board (RCB). The owners who receive notices have been ordered to present the property and other documents relevant to the RCB within 15 days. Failure will result in a fine of RS10,000 per property.
According to the sources, the municipal limit dispute between the RCB and the CDA, which dates back to 1980, was resolved after a federal cabinet decision.
As a result, the Acantonation Board has begun to reassess the properties in the recently designated municipal areas under its jurisdiction.
Notices have been issued for sending documents, while owners with pending tax liabilities receive warning notices. According to a complete evaluation that covers properties worth RS6 billion, now tax warnings are sent to owners who had previously retained payments, citing the limit dispute.
Meanwhile, the non -evaluated properties were under review, and the owners had to provide the necessary documentation for tax evaluation.
According to reports, the RCB faces severe financial tension, struggling to pay staff salaries in time and clear payments pending contractors for complete development projects.
A significant part of the Board budget is assigned to wages, public services services and operational expenses, leaving minimal funds for infrastructure development.
With the recent limits resolution, the RCB expects an annual revenue impulse of RS2 billion of the collection of property taxes.
The Tax Superintendent, Muhammad Siddiq, declared that the reasvaluated areas have been classified into two groups, one in which the evaluations are complete and RS6 billion should be had in unpaid taxes, and another where the evaluations are pending, which require Document presentations of property owners.
The Undersecretary and spokesman of RCB, Rashid Saqib, confirmed that the executive officer of Acantonation Ali Irfan Rizvi has directed the strict application of tax collection under a zero tolerance policy.
All measures were secured, they will be implemented within the legal framework.
The RCB was established in 1849, with its limits formally defined in 1957.
In contrast, the CDA was formed in 1960, with the limits of the Islamabad district ended in 1963.
The municipal limit dispute led to legal battles in several courts, which finally resulted in a Supreme Court board for the federal cabinet to solve the problem.
