Punjab government decides to end stamp papers

LAHORE: The Punjab government has decided to end stamp papers which will shift the registration process of properties on white paper, ARY News reported on Thursday.

A member of the Board of Revenue Babar Hayat Tarar said that the registration of properties will be completed on white paper by placing three barcodes on it. The decision will be made effective across Punjab this year.

Tarar said that the provincial government will save more than Rs1 billion after ending stamp papers, whereas, the officer will also mention the transfer of the assets while completing the registry.

He added that the provincial authorities issued order to shift all patwarkhanas to the government buildings, whereas, those defaulters of agriculture income tax, Abiana (water cess) and others will be arrested.

The board of revenue officer said that jails will be established in each tehsil where tax defaulters will be imprisoned for up to 15 days. He added that the tax recovery system has improved in Punjab and efforts underway to further enhance it.