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Property tax hike triggers rush, govt collects Rs 61.65 billion in revenue - Peoples' Review
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Property tax hike triggers rush, govt collects Rs 61.65 billion in revenue - Peoples' Review
Kathmandu, July 20: The government collected Rs 61.65 billion in revenue from land and property transactions in the last fiscal year, with a sharp surge in deals just before higher capital gains tax rates took effect. According to the Department of Land Management and Archives, Asar (mid June to mid July) generated the highest monthly revenue of the fiscal year, bringing in Rs 11.95 billion. Property dealers attributed the spike to a rush in tra…
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