ICT admin collects Rs215 million Capital Value Tax in 6 months of current FY.

ISLAMABAD -- The capital administration has collected Rs215 million on the pretext of Capital Value Tax (CVT) during the first half of financial year 2019-20.

'The CVT collection in last six months of 2019 registers record growth as compared to the past five years (2013-2018) when it stood at only Rs 9,600,000,' Deputy Commissioner Hamza Shafqaat told reporter.

The CVT recovery had seen phenomenal increase last year due to persistent efforts of the local administration which had won the legal battle against those who wanted to evade the CVT, he added.

He said following the direction of Chief Commissioner Islamabad, the city...