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Jamada El Thaniah 27, 1435/Ravivara
Vaisakha 07, 1936, at 04:03:32 PM
The
(Pb. Act V of 1996)
C O N T E N T S
Sections
1. Short
title, extent and commencement.
2. Amendment
of Act VII of 1870.
3. Amendment
of Act II of 1899.
4. Amendment
of Act I of 1965.
5. Amendment
of Act XIV of 1973.
6. Amendment
of Act XV of 1977.
7. Amendment
of Act VI of 1995.
8. [Repealed.]
9. [Repealed.]
[1][1]The
(Pb. Act V of 1996)
[
An Act to levy and enhance the
rates of certain taxes, duties and fees in the
Preamble.— Whereas it is expedient to
levy and enhance the rates of certain taxes, duties and fees in the
It is hereby enacted as follows:---
1. Short
title, extent and commencement.— (1) This Act may be called the Punjab
Finance Act, 1996.
(2) It
shall extend to the whole of the
(3) It
shall come into force on the first day of July, 1996.
2. Amendment
of Act VII of 1870.— In the Punjab Court Fees Act, 1870 (VII of 1870), in
Schedule I, in Article 1, for the words “seven and a half” and “fifteen
thousand”, the words “eight and a half” and “thirty four thousand” shall
respectively be substituted.
3. Amendment
of Act II of 1899.— In the Stamp Act, 1899 (II of 1899),---
(1) in Section 62,---
(a) in sub-section (1), for the words “five
hundred”, the words “one thousand” shall be substituted;
(b) in sub-section (2), for the words “five
hundred”, the words “one thousand” shall be substituted;
(2) in Section 63, for the words “one hundred”,
the words “two hundred” shall be substituted;
(3) in Section 64, for the words “five thousand”,
the words “ten thousand” shall be substituted;
(4) in Section 65, for the words “one hundred”, the
words “two hundred” shall be substituted;
(5) in Section 66, for the words “two hundred”,
the words “four hundred” shall be substituted;
(6) in Section 67, for the words “one thousand”,
the words “two thousand” shall be substituted;
(7) in Section 68, for the words “one thousand”,
the words “two thousand” shall be substituted;
(8) in Section 69, in clause (b), for the words
“five hundred”, the words “one thousand” shall be substituted;
(9) in Schedule I, in Article 47,---
(i) in Part A,---
(1) in clause (1),---
(a) in sub-clause (i), for the words “ten paisa”
and “five paisa”, the words “three rupees” shall in each case be substituted;
(b) in sub-clause (ii), for the words “ten paisa”
and “five paisa”, the words “three rupees” shall in each case be substituted;
(2) in clause (2),---
(a) in sub-clause (i), for the words “thirty
paisa” and “fifteen paisa”, the words “three rupees” shall in each case be
substituted;
(b) in sub-clause (ii), for the words “sixty
paisa” and “thirty paisa”, the words “five rupees” and “three rupees” shall
respectively be substituted;
(ii) in Part B, in clause (1),---
(a) in sub-clause (i), for the words “fifty
paisa”, the words “five rupees” shall be substituted;
(b) in sub-clause (ii), for the words “one rupee”,
the words “eight rupees” shall be substituted;
(iii) in Part C,---
(i) in clause (a), for the words “five paisa”, the
words “three rupees” shall be substituted;
(ii) in clause (b), for the words “twenty five
paisa”, the words “three rupees” shall be substituted;
(iv) In Part D, for the words “five paisa”, the
words “three rupees” shall be substituted;
(v) in Part E,---
(a) in clause (i), for the words “ten paisa” and “five paisa”, the
words “three rupees” shall in each case be substituted;
(b) in clause (ii), for the words “twenty
paisa” and “ten paisa”, the words “three rupees” shall in each case be
substituted;
(c) in clause (iii), for the words “forty
paisa” and “twenty paisa”, the words “three rupees” shall in each case be
substituted.
(vi) in Part F, for the words “five paisa or more
than one rupee”, the words “three rupees or more than eight rupees” shall be
substituted.
4. Amendment
of Act I of 1965.— In the Punjab Finance Act,
1965 (I of 1965), in Section 12, in sub-section (1), for the words “seven and a
half”, the words “eight” shall be substituted.
5. Amendment
of Act XIV of 1973.— In the Punjab Finance Act, 1973 (XIV of 1973), in the
Second Schedule, in serial number 9, for the word “half”, the word “one” shall
be substituted.
6. Amendment
of Act XV of 1977.— In the Punjab Finance Act, 1977 (XV of 1977), in the
Second Schedule, after serial number 6, the entries in the First Schedule to
this Act shall be added.
7. Amendment
of Act VI of 1995.— In the Punjab Finance Act, 1995 (VI of 1995), in Section
6, in sub-section (1), for the words “twenty five”, the word “fifty” shall be
substituted.
8. [1][2][* * * * * * * * * * * * *]
9. [1][3][* * * * * * * * * * * * *]
(See Section 6)
“SECOND SCHEDULE
(see section 3)
|
Sr. No. |
Class of
Persons |
Rate of
Tax per annum (Rupees) |
|
1 |
2 |
3 |
|
7. |
Persons owning a petrol pump— |
|
|
|
(i) within
the limits of Municipal Corporations and on National Highways. |
5,000.00 |
|
|
(ii) within
the limits of any Municipal Committee and Cantonment Board. |
3,000.00 |
|
|
(iii) out of
the limits of any Municipal Corporation, Municipal Committee, Cantonment
Board or on Highways. |
2,000.00 |
|
8. |
Persons engaged in the medical profession and services
as— |
|
|
|
(i) Medical
consultants or specialists |
5,000.00 |
|
|
(ii) Registered
medical practitioners and dental surgeons |
1,000.00 |
|
|
(iii) Chartered Accountants and Auditors |
2,000.00 |
|
|
(iv) Architects and builders |
2,000.00 |
|
|
(v) Owners of beauty parlours, health clubs and
gymnasiums |
1,000.00” |
[1][1]This Act was passed by the Punjab Assembly on 26th
June, 1996; assented to by the Governor of the Punjab on 26th June, 1996; and,
was published in the Punjab Gazette (Extraordinary), dated 26th June, 1996,
pages 215-219.
[2][2]Deleted by the Punjab Finance
Ordinance, 2000 (III of 2000), which will remain in force under the Provisional
Constitution (Amendment) Order 1999 (9 of 1999), Article 4, notwithstanding the
maximum limit of three months prescribed under Article 128 of the Constitution
of the Islamic Republic of Pakistan.
[3][3]Ibid.
Go to Index
| LL. B. – I | LL. B. – II
| LL. B. – III | LL. B.
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