Tuesday, 5 December 2023
Trending
E-stamping-revenues-pitb
FINANCE

E-stamping Revenue Reaches Rs. 201.3 Billion at year end 2020

E-Stamping, a flagship project of the Punjab Information Technology Board (PITB), aims to automate the issuance of stamps in Punjab. Since its launch in November 2014, e-stamping has now achieved a milestone of Rs.201.3 billion revenue in 2020 As of December 31, 2020. The total revenue collected using this e-stamping system is over PKR 201 billion. A total of 8.1 million e-stamps issued during the year with over 10.9 million transactions.

E-stamping ensures smoothing of property and business transactions in Punjab. This is to minimize the sale and purchase of fraudulent and counterfeit stamp papers. PITB has also developed a mobile app for auditors so that they can easily verify e-stamp paper and challan 32-A. The names of the buyers, sellers and the person through whom the stamps purchased entered into the system along with their CNIC number. PITB has also set up a central database for e-stamping system which has made the verification process easier for the citizens.

Top-Tax-Consultants-Lahore-Pakistan-Global-Tax-Consultants
A d v e r t i s e m e n t

PITB along with other stakeholders launched several apps for the convenience of the people of Punjab. More recently, PITB has introduced a “Rasta App” to help you drive in thick fog. Similarly, for the convenience of teachers, PITB and SED jointly launched an online retirement system. All these projects are playing a key role in making the country digital.

See also  How to become active tax filer in FBR in 2022

e-Stamping revenue generated in previous years

7.3.1

e-stamping facility satisfaction level

7.3.2

LATEST POSTS

  • How to Become Active Tax Filer in Pakistan in 2024
    How to Become Active Tax Filer in Pakistan in 2024 How to Become Active Tax Filer in Pakistan in 2024. To become a tax filer is beneficial for all those citizens who are getting some taxable income, earning foreign source…
  • 1500 Prize Bond Full List 15 November 2023
    1500 Prize Bond Full List 15 November 2023 1500 Prize Bond Full List 15 November 2023. Yesterday Rs 1500 prize bond draw was scheduled and same the Directorate of National savings has issued full list of winners of prizes. There…
  • 1500 Prize Bond List 15 November 2023
    1500 Prize Bond List 15 November 2023 1500 Prize Bond List 15 November 2023. Investment in prize bonds is very renowned investment type among the general public in Pakistan. Now you can also invest in premium prize bonds. Premium prize…
  • 100 Prize Bond List 15 November 2023
    100 Prize Bond List 15 November 2023 100 Prize Bond List 15 November 2023. Investment in prize bonds is very famous among the general public in Pakistan. Now a days Government is also issuing premium prize bonds in addition to…
  • Latest Update on Extension of Date for Filing of Income Tax Returns
    Latest Update on Extension of Date for Filing of Income Tax Returns Latest Update on Extension of Date for Filing of Income Tax Returns. Premier tax authority in Pakistan the Federal Board of Revenue (FBR) has informed that over 2.9…
  • No More Extension in Filing Tax Return 2023 in Pakistan
    No More Extension in Filing Tax Return 2023 in Pakistan No More Extension in Filing Tax Return 2023 in Pakistan. Federal Board of Revenue (FBR) has informed to the general public through tweet on his official X account (formally twitter)…

Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]

Tax.net.pk - Your Tax Experts and Consultants

Welcome to Tax.net.pk

Providing Expert Tax Services for Individuals and Businesses

About Us

At Tax.net.pk, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: