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Punjab Extends Taxpayer One-Time Settlement to May 31

CHANDIGARH: The Punjab government announced on Saturday a two-month extension for the One Time Settlement (OTS) scheme aimed at recovering outstanding dues, now extended to May 31, 2026, from the original March 31, 2026 deadline, according to finance minister Harpal Singh Cheema. Cheema mentioned that the taxation department has received 9,151 applications so far, resulting in a total revenue collection of ₹134.21 crore. The state government has already granted waivers amounting to ₹446.17 crore. “This extension offers a final chance for eligible taxpayers to settle their dues and achieve financial relief. The taxation department has also identified 8,000 properties belonging…

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Punjab Cabinet Approves Charges for Village Land Encroachments

CHANDIGARH: The Punjab cabinet has approved a proposal empowering the government to impose charges on illegally occupied land designated for village common roads and watercourses. Punjab Finance Minister Harpal Singh Cheema stated that many panchayat paths and watercourses have been encroached upon by real estate developers and individuals. “We will form price fixation committees, led by the relevant deputy commissioners, to collect payments from those currently occupying the land. Revenue generated will be shared between the local body or panchayat and the state government,” he added. An amendment to the Punjab Village Common Lands (Regulation) Rules, 1964, will facilitate this…