KATHMANDU, March 16: The government has collected Rs 4.12 billion in revenue from real estate businesses in the last month of Falgun. The last month witnessed higher realty business than the previous one, Magh, according to the Department of Land Management and Archives.
With the real estate business gradually turning normal, the collection of revenue amounts has increased. Categorically, Rs 288 million was generated from service tax, while Rs 2.20 billion from registration fee and Rs 1.57 billion from capital gain tax during this period.
Revenue collection 13% lower than target
Similarly, month-wise, the government was able to generate Rs 3.83 billion in the month of Shrawan, Rs 3.9 billion in Bhadra, Rs 3.8 billion in Asoj, Rs 2.70 in Kartik, Rs 3.87 in Mangsir, Rs 4.25 billion in Poush and Rs 3.87 billion in Magh of the current fiscal year.
The Land Revenue Office at Lagankhel of Lalitpur district collected Rs 380.2 million in revenue in Falgun alone, according to the Department.