AJK Tax Authorities successfully achieves (2019-20) Fiscal Year budgetary targets securing Rs. 16.752 biln.

MIRPUR (AJK) -- Azad Jammu and Kashmir State Inland Revenue Department continued the record breaking streak of achieving revenue targets of the income tax for the financial year 2019-2020 successfully achieving the set Rs. Rs.16500 million target by securing by securing a total revenue accumulation of Rs.16725 million with a remarkable increase of Rs.225 million.

Disclosing this AJK Commissioner Inland Revenue Department Sardar Zafar Mahmud Khan told in an interview to reporter here on Wednesday that unve that the State Government of AJ and K had assigned total income tax target of Rs.16500 million to the Inland Revenue Department for the just-ending fiscal year 2019-2020.

'The Inland Revenue functionaries by extending their maximum efforts successfully managed to achieve total revenue accumulation ofRs.16725 million with a remarkable increase of Rs.225 million', he revealed.

Sardar Zaffar Mahmood Khan termed it the continual outstanding performance of his department despite COVID-19 pandemic that affected the normal life successfully securing the surpassed assigned budget targets by achievement the income tax collection of Rs. 16.725 billion, he added.

Khan maintained that this difference may further rise remarkably after reconciliation of final receipts. Notably, the revenue collection figure of this year has also crossed the income tax collection of previous financial year 2018-2019 with sizeable margin.

The Commissioner further explained that despite certain genuine hindrances in shape of Covid-19 pandemic followed by lockdown situation, collapsing of industrial, trade and business activities, the Inland Revenue Department efficaciously surpassed the assigned target of income tax by putting in...