Wednesday, 30 November 2022
Trending
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.

e-Stamping revenue generated in previous years

e-stamping facility satisfaction level

LATEST POSTS

  • What is the New Tax Deadline for 2022 Pakistan
    What is the New Tax Deadline for 2022 Pakistan What is the New Tax Deadline for 2022 Pakistan? Federal Board of Revenue (FBR) has issued a circular to relax the income tax return filing deadline up to December 15, 2022….
  • What is Section 154A 1% Tax on IT Export Services
    What is Section 154A 1% Tax on IT Export Services What is Section 154A 1% Tax on IT Export Services? As you know Income from IT and IT-enabled services were exempt from income tax previously. Then through tax laws (Second…
  • Will FBR Extend the Last Date to file Income Tax Returns
    Will FBR Extend the Last Date to file Income Tax Returns? Will FBR Extend the Last Date to file Income Tax Returns? The majority of taxpayers have filed their income tax returns for the tax year 2022. However, Still, tax…
  • New Business Ideas in Pakistan for Females
    New Business Ideas in Pakistan for Females New Business Ideas in Pakistan for Females. Nowadays females are in front of getting a higher education and performing well in practical life also. Getting a good job is a big life achievement…
  • What RTO Lahore achieved in Tax Returns and Revenue
    What RTO Lahore achieved in Tax Returns and Revenue What RTO Lahore achieved in Tax Returns and Revenue. According to a media report, FBR Regional Tax Office (RTO) Lahore has recently acquired about 477,000 annual Income Tax Returns. Revenue generation…
  • FBR Iris Website is currently Under Maintenance
    FBR Iris Website is currently Under Maintenance FBR Iris Website is currently Under Maintenance. As per FBR‘s information on his IRIS website, the website is currently unavailable and is under maintenance. FBR said, ” We are sorry for the inconvenience,…

Related posts
FINANCE

SBP Revises Limit of Foreign Currency Carrying for Travelers

Table of Contents SBP Revises Limit of Foreign Currency Carrying for TravelersRevised Limits of…
Read more
FINANCE

SadaPay Everything you need to know about it

Table of Contents What is SadaPay Used for? Everything you need to know about itWho is the Founder…
Read more
FINANCE

Payoneer How Long to Receive Money

Payoneer How Long to Receive Money. When I started using Payoneer in 2020 to receive money from…
Read more
Newsletter
Subscribe Now

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