Updated: Sunday April 27, 2014/AlAhad
Jamada El Thaniah 27, 1435/Ravivara
Vaisakha 07, 1936, at 08:27:34 PM
The
(Pb Ord VI
of 2001)
C O N T E N T S
Sections
1. Short title, extent and commencement.
2. Amendment of Act V of 1958.
3. Amendment of Act X of 1958.
4. Amendment of Act XXXIV of 1964.
5. Amendment of Act XIV of 1973.
[1][1]The
(Pb Ord VI of 2001)
[30th June, 2001]
An Ordinance further to levy, enhance and rationalize certain taxes and
duties in the Province of the
Preamble.− WHEREAS it is expedient
further to levy, enhance and rationalize certain taxes and duties in the
Province of the
NOW, THEREFORE, in exercise of the powers conferred upon
him under Article 4 of the Provisional Constitution (Amendment) Order No.9 of
1999, as amended by Chief Executive’s Order No. 11 of 2000, the Governor of the
Punjab is pleased to make and promulgate the following Ordinance:---
1. Short title, extent and commencement.− (1) This Ordinance may be
called the Punjab Finance Ordinance, 2001.
(2) It shall
come into force on the 1st day of July, 2001.
2. Amendment of Act V of 1958.− In the Punjab Urban
Immovable Property Tax Act, 1958 (V of 1958), in section 4, for the existing
clause (g), the following shall be substituted:---
“(g) Buildings and lands annual value of which does
not exceed rupees twenty seven thousand belonging to a widow, a disabled person
or a minor orphan:
Provided that where the
annual value is more than rupees twenty seven thousand the tax shall be levied
on the amount in excess of the said amount.”
3. Amendment of Act X of 1958.− In the Punjab
Entertainments Duty Act, 1958 (x of 1958), in section 3, in sub section (1),
before the existing first proviso, the following proviso shall be added:---
“Provided that, for a period of the five years, the
entertainment duty shall be levied and paid to the Government on all payments
for admission to cinema houses at the rate of thirty percent of such payment
and shall be converted into a fixed charge per day in respect of different
categories of cinema houses, screening or exhibiting movies. The Government
shall determine the categories of cinema houses and fix per day the rate of
entertainment duty for each cinema:”.
4. Amendment of Act XXXIV of 1964.− In the Punjab Finance Act,
1964 (XXXIV of 1964), in section 13, sub-section (1), for the existing
Explanation (c), the following shall be substituted:---
“(c) “licensee” means a person licensed under
section 15 or 20 of the Regulation of Generation, Transmission and Distribution
of Electric Power Act, 1997 (XL of 1997) to engage in the generation and sale
of energy to a consumer and includes any person generating the electric power
from a generator having the capacity of more than five hundred kilowatt for
self use.”
5. Amendment of Act XIV of 1973.− In the
Punjab Finance Act, 1973(XIV of 1973), in the Sixth Schedule, in column 3, for
the existing entries (i) and (ii) against serial No. 9, the following shall be
substituted:---
“paisa ten per kg if paid
by 31st March.”
[1][1]Promulgated by the Governor
of the
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