Latest changes introduced in the Punjab Finance Bill 2024, including revisions in court fees, vehicle registration, and urban prop...
Punjab Finance Bill 2024 -25 proposes revision in different series of column three of Schedule One of the Court Fees Act, 1870. After the amendment, the court fee will be charged Rs 100 instead of Rs 1, Rs 500 instead of Rs 2, reported 24NewsHD TV channel.
The government will be able to declare any property as high-value property. The property owners will be informed about the specific procedure for assessing the value of the properties. Citizens will be able to self-assess the value of their property. The assessment authority will be able to audit the self-assessment of the property.
In Punjab, it is proposed to collect vehicle token tax on invoice value instead of engine power in the next financial year. A vehicle with more than 1,000 cc engine will be charged a registration fee of 20,000 rupees. If the annual tax rate is lower than the above tax rate, then the annual token tax will be charged on the basis of the old rate.
Court Fees Punjab Finance Bill 2024 Urban Property Tax Revision Financial Reforms Punjab 2024 Punjab Court Fee Increase 2024
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