Governor of Punjab issues a one-time settlement scheme on unpaid/partially paid property tax

Governor of Punjab has issued a one-time settlement scheme on unpaid/partially paid property tax to give relief to the public. As a one-time settlement scheme for people, on unpaid/partially paid property tax, who failed to deposit their house tax or property tax levied under the Acts ibid as the case may be, due till 31.03.2023, the following relief is given as under: –

1. If the whole principal amount is paid in lump sum till 31.12.2023, all the penalty and interest levied on the said amount will be waived off till this period.
2. However, if the above dues are paid after 31.12.2023 and before 31.03.2024, then waiver on all the penalty and interest levied on the said amount shall be fifty percent along with principal amount.
3. After expiry of the said period, all the penalty and the interest on the due amount will be charged as levied under the Acts.