Proposal to collect token tax through banks
- September 14, 2013, 3:14 pm
- Business News
- 205 Views
LAHORE, Sep 14 (APP): A proposal to collect token tax through banks is being considered, a senior official of the Punjab Excise and Taxation Department told APP here on Saturday The step will ensure transparency in collection and redressing public complaints of overcharging.
He said the proposal was part of policy of the government to modernize
and computerize tax collection and its pros and cons were being discussed.
If the government decides to implement it, tax payers would be able to deposit their taxes in any online branch of banks throughout the province.
The official said that efforts of the government to increase revenue collection were yielding results and the Excise & Taxation Department had collected Rs.16.53 million and Rs.36.11million in July and August 2013 respectively under the head of excise revenue. The amount is Rs 9.75 million more than the total collection of the corresponding period last year.
