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Punjab · Act · 2024

PUNJAB FINANCE ACT 2024

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THE PUNJAB FINANCE ACT 2024 (VIII OF 2024)

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TEXT THE PUNJAB FINANCE ACT 2024 (VIII of 2024) [27th June, 2024] An Act to levy, alter and rationalize certain taxes, fees and duties in the Punjab. It is necessary in public interest to levy, alter and rationalize certain taxes, fees and duties in the Punjab; and, to deal with ancillary matters. Be it enacted by Provincial Assembly of the Punjab as follows:

Section 1. Short title, extent and commencement

(1) This Act may be cited as the Punjab Finance Act 2024.

(2) This Act extends to the whole of the Punjab.

(3) This Act shall come into force on the first day of July 2024 except the provisions of section 4 which shall come into force on such date as the Government may, by notification in the official Gazette, specify.

Section 2. Amendment of Act VII of 1870

In the Court Fees Act, 1870 (VII of 1870):

(1) In SCHEDULE I, in column 3, under the heading “Proper Fee”:

(a) at Sr. No. 5:

(i) against clause (a), for the words “One rupee”, the words “One hundred rupees” shall be substituted; and

(ii) against clause (b), for the words “Two rupees”, the words “Five hundred rupees” shall be substituted;

(b) at Sr. No. 6:

(i) in clause (a):

(a) against sub-clause (i), for the words “One rupee”, the words “One hundred rupees” shall be substituted; and

(b) against the sub-clause (ii), for the words “Two rupees”, the words “Five hundred rupees” shall be substituted;

(ii) against the clause (b), for the words “Five rupees”, the words “Five hundred rupees” shall be substituted;

(c) at Sr. No. 7, against the clause (b), for the words “One rupee”, the words “One hundred rupees” shall be substituted;

(d) at Sr. No. 8, for the words “Fifty paisas”, the words “One hundred rupees” shall be substituted;

(e) at Sr. No. 11, for the words “Two rupees”, the words “Five hundred rupees” shall be substituted; and

(f) at Sr. No. 12:

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(i) for the words “Seven rupees and fifty paisas”, the words “Five hundred rupees” shall be substituted; and

(ii) for the words “Fifteen rupees”, the words “Five hundred rupees” shall be substituted.

(2) In SCHEDULE II:

(a) in column 2, under the heading “Article”, at Sr. No. 1, in clause (d), in sub-clause (i), for the figure “1913”, the figure “2017” shall be substituted; and

(b) in column 3, under the heading “Proper Fee”:

(i) at Sr. No. 1:

(a) against clause (a), for the words “One rupee”, the words “One hundred rupees” shall be substituted;

(b) against clause (b), for the words “Two rupees” occurring four times, the words “Five hundred rupees” shall be substituted; and

(c) in clause (c):

(i) against sub-clause (i), for the words “Two rupees”, the words “Five hundred rupees” shall be substituted; and

(ii) against sub-clause (ii), for the words “Five rupees”, the words “Five hundred rupees” shall be substituted;

(ii) in clause (d):

(a) against sub-clause (i), for the words “Two hundred rupees”, the words “One thousand rupees” shall be substituted;

(b) against sub-clause (ii), for the words “Ten rupees”, the words “Five hundred rupees” shall be substituted;

(c) against sub-clause (iii), for the words “Five rupees”, the words “Five hundred rupees” shall be substituted; and

(d) against sub-clause (iv), for the words “Five rupees”, the words “Five hundred rupees” shall be substituted;

(iii) against Sr. No. 2, for the words “Three rupees”, the words “Fifty rupees” shall be substituted;

(iv) against Sr. No. 5, for the words “Two rupees”, the words “Five hundred rupees” shall be substituted;

(v) against Sr. No. 6, for the words “One rupee”, the words “One hundred rupees” shall be substituted;

(vi) in Sr. No. 7:

(a) against clauses (a) and (b), for the words “Two rupees”, the words “One hundred rupees” shall be substituted; and

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(b) against clause (c), for the words “Three rupees”, the words “Five hundred rupees” shall be substituted;

(vii) in Sr. No. 8:

(a) against clause (a), for the words “Three rupees”, the words “Five hundred rupees” shall be substituted;

(b) against clause (b), for the words “Twenty-five rupees”, the words “Five hundred rupees” shall be substituted; and

(c) against clause (c), for the words “Ten rupees”, the words “Five hundred rupees” shall be substituted;

(viii) against Sr. No. 9, for the words “Ten rupees”, the words “Five hundred rupees” shall be substituted;

(ix) against Sr. No. 10, for the words “Ten rupees”, the words “Five hundred rupees” shall be substituted;

(x) in Sr. No 11:

(a) against clauses (i) and (ii), for the words “Ten rupees”, the words “Five hundred rupees” shall be substituted;

(b) against clauses (iii), for the words “Thirty rupees”, the words “Five hundred rupees” shall be substituted;

(c) against clause (iv), for the words “Ten rupees”, the words “One thousand rupees” shall be substituted;

(d) against clause (v), for the words “Ten rupees”, the words “Five hundred rupees” shall be substituted;

(e) against clause (vi), for the words “Fifteen rupees”, the words “Five hundred rupees” shall be substituted; and

(f) against clause (vii), for the words “Ten rupees”, the words “Five hundred rupees” shall be substituted;

(xi) against Sr. No. 12, for the words “Twenty rupees”, the words “One thousand rupees” shall be substituted;

(xii) against Sr. No.13, for the words “Twenty rupees”, the words “Five hundred rupees” shall be substituted;

(xiii) against Sr. No.14, for the words “Twenty rupees”, the words “Five hundred rupees” shall be substituted;

(xiv) against Sr. No.15, for the words “Twenty rupees”, the words “Five hundred rupees” shall be substituted;

(xv) against Sr. No.16, for the words “Twenty rupees”, the words “Five hundred rupees” shall be substituted;

(xvi) in Sr. No.17:

(a) against clause (i), for the words “Five rupees”, the words “Five hundred rupees” shall be substituted; and

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(b) against clause (ii), for the words “Fifteen rupees”, the words “Five hundred rupees” shall be substituted;

(xvii) in Sr. No. 18, for the words “Fifteen rupees”, the words “Five hundred rupees” shall be substituted.

Section 3. Amendment of Act II of 1899

In the Stamp Act, 1899 (II of 1899), in SCHEDULE I, in column 3, under the heading “Proper Stamp-duty”:

(a) in Article 4, for the word "One", the word “ Three" shall be substituted;

(b) in Article 5:

(i) against clause (cc), for the words “Twelve hundred", the words "Three thousand" shall be substituted; and

(ii) against clause (d), for the word "One", the word "Five” shall be substituted;

(c) in Article 17, for the word "One", the word "Five” shall be substituted;

(d) in Article 22-A, in clause (a):

(i) against sub-clause (i), for the words "Twelve hundred", the words "Three thousand" shall be substituted;

(ii) against sub-clause (ii), for the word "Two", the word “Five" shall be substituted;

(iii) against sub-clause (iii), for the word "Three", the word "Eight" shall be substituted;

(iv) against sub-clause (iv), for the word "Five", the word "Fifteen" shall be substituted; and

(v) against sub-clause (v), for the word "Ten", the word "Thirty" shall be substituted;

(e) in Article 29, for the word "hundred", the word “thousand” shall be substituted;

(f) in Article 48:

(i) against clause (a), for the words “Five hundred”, the words "Two thousand” shall be substituted; and

(ii) against clause (bb), for the words “Twelve hundred”, the words “Three thousand "shall be substituted;

(g) in Article 54, for the word “hundred”, the word “thousand" shall be substituted; and

(h) in Article 61, for the word “hundred”, the word "thousand" shall be substituted.

Section 4. Amendment of Act V of 1958

In the Punjab Urban Immovable Property Tax Act, 1958 (V of 1958):

(1) In section 2:

(a) after clause (c), the following shall be inserted: “(d-a) “high value property” means the property of a value as

provided in sub-section (3) of section 5;”;

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(b) in clause (e), for the word “perpetuity”, the word “possession” shall be substituted;

(c) after clause (g), the following shall be inserted: “(g-a) “Schedule” means the Schedule appended to the Act;”;

(d) after clause (i), the following shall be inserted: “(j) “valuation table” means the valuation table notified under the Stamp Act 1899;”.

(2) In section 3:

(a) for sub-section (2), the following shall be substituted: “(2) Subject to sub-sections (2a), (3) and (4), there shall be levied, charged and paid, a tax on the taxable value of a building and land in a rating area at the rate given in the Schedule.”; and

(b) sub-section (6) shall be omitted.

(3) In section 4:

(a) in clause (c):

(i) for sub-clause (i), the following shall be substituted: “(i) buildings and lands used or intended to be used exclusively as residential, taxable value of which does not exceed five million rupees.”;

(ii) sub-clause (ii) along with its provisos shall be omitted; and

(b) clause (i) shall be omitted.

(4) For section 5, the following shall be substituted: “5. Ascertainment of taxable value.- (1) The taxable value of land and building shall be determined in accordance with the valuation table in respect of the property situated in the rating area.

(2) Notwithstanding anything contained in sub-section (1), the Government may, by notification in the official Gazette, determine taxable value of land and building through valuation table.

(3) The Government may, by notification in the official Gazette, specify and categorize a property as the high value property;”.

(5) Section 5-A shall be omitted.

(6) After section 6, the following shall be inserted: “6-A. Self-assessment of land and building.- (1) The owner of land and building, within rating area, shall assess his land and building in such manner as may be prescribed.

(2) The assessment made under sub-section (1) shall be submitted on-line along with declaration of correctness and truthfulness of the information provided in the self-assessment and the tax on such land and building shall be paid on the basis of such self-assessment.

(3) An audit at random may be conducted regarding the self- assessment submitted under sub-section (2).

(4) In case, any variation is found during the audit, the Assessing Authority shall correct the assessment and levy and collect

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the actual tax, along with one-time penalty a sum equal to the amount of the tax evaded, in addition to the amount of the tax payable by him and the penalty leviable shall be determined and collected by the Assessing Authority.

(5) If land and building has been found not assessed, and it comes in the information of the Assessing Authority, he shall issue directions containing time line which shall not be more than two weeks, for self-assessment of such land and building under sub-section (1).”.

(7) For section 7, the following shall be substituted: “7. Making of a valuation list.- A valuation list for every rating area shall be prepared in the manner and by the authority as may be prescribed and any subsequent change in valuation list resulting from the change in valuation table shall be effective from the first day of the coming month.”.

(8) Section 8 shall be omitted.

(9) In section 10:

(a) in sub-section (1), the expression “8,” shall be omitted; and

(b) sub-section (1A) shall be omitted.

(10) After section 10, the following shall be inserted: “10-A. Hardship case.- In case of a hardship case, the grievance committee, to be constituted by the Government through notification in the official Gazette, may, by an order containing reasons, exempt land and building from payment of the whole or any part of the tax.”.

(11) After section 23, the following shall be inserted: “23-A. Power to amend the Schedule.- The Government may, by notification in the official Gazette, amend the Schedule.”.

(12) After section 24, the following shall be added: “SCHEDULE [see sections 2(g-a) and 3(2)] Sr.# Taxable Value Residential Properties Commercial Properties Rate of Tax Rate of Tax

1. Up to Rs.5 million Exempted 0.07%

2. Exceeding Rs. 5 million and up to Rs.10 million 0.07% 0.07%

3. Exceeding Rs. 10 million and up to Rs. 25 million 0.08% 0.08%

4.

Rs. 25 million and above 0.09% 0.09% In case the tax payable, under above table, is lower than the tax payable on and before 31.12.2024, then the tax shall be payable as given below until such tax payable becomes equal to or greater than the tax payable under above table:

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Sr# Taxable Value Residential Properties Commercial Properties Rate of Tax Rate of Tax

1. Up to Rs.5 million Exempted Tax on and before 31.12.2024

2. Exceeding Rs. 5 million and up to Rs.10 million Tax on and before 31.12.2024+10% Tax on and before 31.12.2024+10%

3. Exceeding Rs. 10 million and up to

Rs. 25 million Tax on and before 31.12.2024+10% Tax on and before 31.12.2024+10%

4.

Rs. 25 million and above Tax on and before 31.12.2024+20% Tax on and before 31.12.2024+20%”.

Section 5. Amendment of Act XXXII of 1958

In the Punjab Motor Vehicles Taxation Act, 1958 (XXXII of 1958), in the SCHEDULE:

(1) In S.No.1, in column 2:

(a) for clause (a), the following shall be substituted: “(a) An amount of Rs.1500/- shall be charged for a motorcycle and scooter at the time of registration, and if the registration of such motorcycle and scooter is transferred within ten years of such registration, an amount of Rs.1500/- with a rebate equal to 10% for each financial year, shall be charged.”; and

(b) for clause (c), the following shall be substituted: “(c) An amount of Rs.1500/- shall be charged for a motorcycle drawing a side trailer or cabin at the time of registration, and if the registration of such motorcycle is transferred within ten years of such registration, an amount of Rs.1500/- with a rebate equal to 10% for each financial year, shall be charged.”.

(2) For S.No.4, in columns 1 to 3, the following shall be substituted: “4. Motor Vehicles other than those mentioned above or below:

(a) with engine power up to 1000 cc, an amount of Rs.20,000/- shall be charged at the time of registration, and if the registration is transferred within ten years of such registration, an amount of Rs. 20,000/- with a rebate equal to 10% for each financial year, shall be charged.

(b) with engine power exceeding 1000 cc but not exceeding 2000 cc. 0.2% of invoice value

(c) with engine power exceeding 2000 cc. 0.3% of invoice

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value If the annual rate of tax given against clauses (b) and (c) is less than the rate provided against erstwhile clauses (b) and (c), in such case the annual tax shall be paid at the rate

provided in erstwhile clauses.”.

Section 6. Amendment of Act VIII of 1967

In the Excise Duty on Minerals (Labour Welfare) Act, 1967 (VIII of 1967), in section 3, subsection (1), for the words “one rupee” and “five rupees”, the words “thirty rupees” and “fifty rupees” shall be

substituted respectively.

Section 7. Amendment of Act XLII of 2012

In the Punjab Sales Tax on Services Act 2012 (XLII of 2012), in section 39, in sub-section (1), the words “in the prescribed manner and” and “in the official Gazette” shall be omitted and deemed to be so omitted with effect from 1st July 2012.

Print contents from the source
CONTENTS 
1. Short title, extent and commencement 
2.  Amendment of Act VII of 1870 
3. Amendment of Act II of 1899 
4. Amendment of Act V of 1958 
5. Amendment of Act XXXII of 1958 
6. Amendment of Act VIII of 1967 
7. Amendment of Act XLII of 2012
Compare the original stored transcription

Exact source transcription retained, including print layout and extraction artifacts. Text SHA-256: 01912620074845e5627f084befd44c2d54ffa71f3f49247514c4a43a740d8f49.

THE PUNJAB FINANCE ACT 2024 
(VIII OF 2024) 
CONTENTS 
1. Short title, extent and commencement 
2.  Amendment of Act VII of 1870 
3. Amendment of Act II of 1899 
4. Amendment of Act V of 1958 
5. Amendment of Act XXXII of 1958 
6. Amendment of Act VIII of 1967 
7. Amendment of Act XLII of 2012 
  
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TEXT 
THE PUNJAB FINANCE ACT 2024 
(VIII of 2024) 
[27th June, 2024] 
An 
Act 
to levy, alter and rationalize certain taxes, fees and duties in the Punjab. 
It is necessary in public interest to levy, alter and rationalize certain taxes, fees and 
duties in the Punjab; and, to deal with ancillary matters. 
Be it enacted by Provincial Assembly of the Punjab as follows: 
1. Short title, extent and commencement.– (1) This Act may be cited as the 
Punjab Finance Act 2024. 
 (2) This Act extends to the whole of the Punjab. 
 (3) This Act shall come into force on the first day of July 2024 except the 
provisions of section 4 which shall come into force on such date as the Government 
may, by notification in the official Gazette, specify. 
2.  Amendment of Act VII of 1870.– In the Court Fees Act, 1870 (VII of 1870): 
(1) In SCHEDULE I, in column 3, under the heading “Proper Fee”:  
(a) at Sr. No. 5: 
(i) against clause (a), for the words “One rupee”, the words 
“One hundred rupees” shall be substituted; and 
(ii) against clause (b), for the words “Two rupees”, the words 
“Five hundred rupees” shall be substituted;  
(b) at Sr. No. 6: 
(i) in clause (a): 
(a) against sub-clause (i), for the words “One rupee”, 
the words “One hundred rupees” shall be 
substituted; and 
(b) against the sub-clause (ii), for the words “Two 
rupees”, the words “Five hundred rupees” shall be 
substituted;  
(ii) against the clause (b), for the words “Five rupees”, the 
words “Five hundred rupees” shall be substituted; 
(c) at Sr. No. 7, against the clause (b), for the words “One rupee”, 
the words “One hundred rupees” shall be substituted; 
(d) at Sr. No. 8, for the words “Fifty paisas”, the words “One 
hundred rupees” shall be substituted; 
(e) at Sr. No. 11, for the words “Two rupees”, the words “Five 
hundred rupees” shall be substituted; and 
(f) at Sr. No. 12: 
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(i) for the words “Seven rupees and fifty paisas”, the words 
“Five hundred rupees” shall be substituted; and 
(ii) for the words “Fifteen rupees”, the words “Five hundred 
rupees” shall be substituted. 
(2) In SCHEDULE II: 
(a) in column 2, under the heading “Article”, at Sr. No. 1, in clause 
(d), in sub-clause (i), for the figure “1913”, the figure “2017” shall 
be substituted; and 
(b) in column 3, under the heading “Proper Fee”: 
(i) at Sr. No. 1: 
(a) against clause (a), for the words “One rupee”, the  
words “One hundred rupees” shall be substituted;  
(b) against clause (b), for the words “Two rupees” 
occurring four times, the words “Five hundred 
rupees” shall be substituted; and 
(c) in clause (c): 
(i)  against sub-clause (i), for the words “Two 
rupees”, the words “Five hundred rupees” 
shall be substituted; and 
(ii) against sub-clause (ii), for the words “Five 
rupees”, the words “Five hundred rupees” 
shall be substituted;  
(ii) in clause (d): 
(a) against sub-clause (i), for the words “Two hundred 
rupees”, the words “One thousand rupees” shall be 
substituted;  
(b) against sub-clause (ii), for the words “Ten rupees”, 
the words “Five hundred rupees” shall be 
substituted;  
(c) against sub-clause (iii), for the words “Five 
rupees”, the words “Five hundred rupees” shall be 
substituted; and 
(d) against sub-clause (iv), for the words “Five 
rupees”, the words “Five hundred rupees” shall be 
substituted;  
(iii) against Sr. No. 2, for the words “Three rupees”, the words 
“Fifty rupees” shall be substituted; 
(iv) against Sr. No. 5, for the words “Two rupees”, the words 
“Five hundred rupees” shall be substituted; 
(v) against Sr. No. 6, for the words “One rupee”, the words 
“One hundred rupees” shall be substituted; 
(vi) in Sr. No. 7: 
(a) against clauses (a) and (b), for the words “Two 
rupees”, the words “One hundred rupees” shall be 
substituted; and 
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(b) against clause (c), for the words “Three rupees”, 
the words “Five hundred rupees” shall be 
substituted;  
(vii) in Sr. No. 8: 
(a) against  clause (a), for the words “Three rupees”, 
the words “Five hundred rupees” shall be 
substituted; 
(b) against clause (b), for the words “Twenty-five 
rupees”, the words “Five hundred rupees” shall be 
substituted; and 
(c) against clause (c), for the words “Ten rupees”, the 
words “Five hundred rupees” shall be substituted; 
(viii) against Sr. No. 9, for the words “Ten rupees”, the words 
“Five hundred rupees” shall be substituted; 
(ix) against Sr. No. 10, for the words “Ten rupees”, the words 
“Five hundred rupees” shall be substituted; 
(x) in Sr. No 11: 
(a) against clauses (i) and (ii), for the words “Ten 
rupees”, the words “Five hundred rupees” shall be 
substituted; 
(b) against clauses (iii), for the words “Thirty rupees”, 
the words “Five hundred rupees” shall be 
substituted; 
(c) against clause (iv), for the words “Ten rupees”, the 
words “One thousand rupees” shall be substituted; 
(d) against clause (v), for the words “Ten rupees”, the 
words “Five hundred rupees” shall be substituted; 
(e) against clause (vi), for the words “Fifteen rupees”, 
the words “Five hundred rupees” shall be 
substituted; and 
(f) against clause (vii), for the words “Ten rupees”, the 
words “Five hundred rupees” shall be substituted; 
(xi) against Sr. No. 12, for the words “Twenty rupees”, the 
words “One thousand rupees” shall be substituted; 
(xii) against Sr. No.13, for the words “Twenty rupees”, the 
words “Five hundred rupees” shall be substituted; 
(xiii) against Sr. No.14, for the words “Twenty rupees”, the 
words “Five hundred rupees” shall be substituted; 
(xiv) against Sr. No.15, for the words “Twenty rupees”, the 
words “Five hundred rupees” shall be substituted; 
(xv) against Sr. No.16, for the words “Twenty rupees”, the 
words “Five hundred rupees” shall be substituted; 
(xvi) in Sr. No.17: 
(a) against clause (i), for the words “Five rupees”, the 
words “Five hundred rupees” shall be substituted; 
and  
5 
 
(b) against clause (ii), for the words “Fifteen rupees”, 
the words “Five hundred rupees” shall be 
substituted; 
(xvii) in Sr. No. 18, for the words “Fifteen rupees”, the words 
“Five hundred rupees” shall be substituted.  
3. Amendment of Act II of 1899.– In the Stamp Act, 1899 (II of 1899), in 
SCHEDULE I, in column 3, under the heading “Proper Stamp-duty”: 
(a) in Article 4, for the word "One", the word “ Three" shall be substituted; 
(b) in Article 5: 
(i) against clause (cc), for the words “Twelve hundred", the words 
"Three thousand" shall be substituted; and 
(ii) against clause (d), for the word "One", the word "Five” shall be 
substituted; 
(c) in Article 17, for the word "One", the word "Five” shall be substituted; 
(d) in Article 22-A, in clause (a): 
(i) against sub-clause (i), for the words "Twelve hundred", the 
words "Three thousand" shall be substituted; 
(ii) against sub-clause (ii), for the word "Two", the word “Five" shall 
be substituted; 
(iii) against sub-clause (iii), for the word "Three", the word "Eight" 
shall be substituted; 
(iv) against sub-clause (iv), for the word "Five", the word "Fifteen" 
shall be substituted; and 
(v) against sub-clause (v), for the word "Ten", the word "Thirty" shall 
be substituted; 
(e) in Article 29, for the word "hundred", the word “thousand” shall be 
substituted; 
(f) in Article 48: 
(i)  against clause (a), for the words “Five hundred”, the words "Two 
thousand” shall be substituted; and 
(ii) against clause (bb), for the words “Twelve hundred”, the words 
“Three thousand "shall be substituted; 
(g) in Article 54, for the word “hundred”, the word “thousand" shall be 
substituted; and 
(h) in Article 61, for the word “hundred”, the word "thousand" shall be 
substituted. 
4. Amendment of Act V of 1958.– In the Punjab Urban Immovable Property 
Tax Act, 1958 (V of 1958):  
(1) In section 2:  
(a) after clause (c), the following shall be inserted: 
“(d-a) “high value property” means the property of a value as 
provided in sub-section (3) of section 5;”;  
6 
 
(b) in clause (e), for the word “perpetuity”, the word “possession” 
shall be substituted; 
(c) after clause (g), the following shall be inserted: 
“(g-a) “Schedule” means the Schedule appended to the Act;”; 
(d) after clause (i), the following shall be inserted: 
“(j) “valuation table” means the valuation table notified 
under the Stamp Act 1899;”. 
(2) In section 3: 
(a) for sub-section (2), the following shall be substituted: 
“(2) Subject to sub-sections (2a), (3) and (4), there 
shall be levied, charged and paid, a tax on the taxable value of a 
building and land in a rating area at the rate given in the 
Schedule.”; and 
(b) sub-section (6) shall be omitted. 
(3)  In section 4: 
(a) in clause (c): 
(i) for sub-clause (i), the following shall be substituted: 
“(i) buildings and lands used or intended to be used 
exclusively as residential, taxable value of which 
does not exceed five million rupees.”;  
(ii) sub-clause (ii) along with its provisos shall be omitted; 
and 
(b) clause (i) shall be omitted. 
(4) For section 5, the following shall be substituted: 
“5. Ascertainment of taxable value.- (1) The taxable value of land 
and building shall be determined in accordance with the valuation table 
in respect of the property situated in the rating area. 
(2) Notwithstanding anything contained in sub-section (1), 
the Government may, by notification in the official Gazette, determine 
taxable value of land and building through valuation table. 
(3) The Government may, by notification in the official 
Gazette, specify and categorize a property as the high value property;”. 
(5) Section 5-A shall be omitted. 
(6) After section 6, the following shall be inserted: 
“6-A. Self-assessment of land and building.- (1) The owner of land 
and building, within rating area, shall assess his land and building in 
such manner as may be prescribed. 
(2) The assessment made under sub-section (1) shall be 
submitted on-line along with declaration of correctness and truthfulness 
of the information provided in the self-assessment and the tax on such 
land and building shall be paid on the basis of such self-assessment.  
(3) An audit at random may be conducted regarding the self-
assessment submitted under sub-section (2). 
(4) In case, any variation is found during the audit, the 
Assessing Authority shall correct the assessment and levy and collect 
7 
 
the actual tax, along with one-time penalty a sum equal to the amount 
of the tax evaded, in addition to the amount of the tax payable by him 
and the penalty leviable shall be determined and collected by the 
Assessing Authority. 
(5) If land and building has been found not assessed, and it 
comes in the information of the Assessing Authority, he shall issue 
directions containing time line which shall not be more than two weeks, 
for self-assessment of such land and building under sub-section (1).”. 
(7)  For section 7, the following shall be substituted: 
“7. Making of a valuation list.- A valuation list for every rating area 
shall be prepared in the manner and by the authority as may be 
prescribed and any subsequent change in valuation list resulting from 
the change in valuation table shall be effective from the first day of the 
coming month.”. 
(8)  Section 8 shall be omitted. 
(9)  In section 10: 
(a) in sub-section (1), the expression “8,” shall be omitted; and 
(b) sub-section (1A) shall be omitted. 
(10) After section 10, the following shall be inserted: 
“10-A. Hardship case.- In case of a hardship case, the grievance 
committee, to be constituted by the Government through notification in 
the official Gazette, may, by an order containing reasons, exempt land 
and building from payment of the whole or any part of the tax.”. 
(11) After section 23, the following shall be inserted: 
“23-A. Power to amend the Schedule.- The Government may, by 
notification in the official Gazette, amend the Schedule.”. 
(12) After section 24, the following shall be added: 
“SCHEDULE 
[see sections 2(g-a) and 3(2)] 
Sr.# Taxable Value Residential 
Properties 
Commercial 
Properties 
Rate of 
Tax 
Rate of Tax 
1. Up to Rs.5 million Exempted 0.07% 
2. Exceeding Rs. 5 million and up 
to Rs.10 million 
0.07% 0.07% 
3. Exceeding Rs. 10 million and 
up to Rs. 25 million 0.08% 0.08% 
4. Rs. 25 million and above 0.09% 0.09% 
In case the tax payable, under above table, is lower than the tax 
payable on and before 31.12.2024, then the tax shall be payable as 
given below until such tax payable becomes equal to or greater than 
the tax payable under above table: 
 
8 
 
Sr# 
Taxable Value 
Residential 
Properties 
Commercial 
Properties 
Rate of Tax Rate of Tax 
1. Up to Rs.5 million Exempted Tax on and before 
31.12.2024 
2. Exceeding Rs. 5 
million and up to 
Rs.10 million 
Tax on and before 
31.12.2024+10% 
Tax on and before 
31.12.2024+10% 
3. Exceeding Rs. 10 
million and up to 
Rs. 25 million 
Tax on and before 
31.12.2024+10% 
Tax on and before 
31.12.2024+10% 
4. Rs. 25 million and 
above 
Tax on and before 
31.12.2024+20% 
Tax on and before 
31.12.2024+20%”. 
5. Amendment of Act XXXII of 1958.– In the Punjab Motor Vehicles Taxation 
Act, 1958 (XXXII of 1958), in the SCHEDULE:  
(1) In S.No.1, in column 2:  
(a)  for clause (a), the following shall be substituted: 
“(a) An amount of Rs.1500/- shall be charged for a 
motorcycle and scooter at the time of registration, and if the 
registration of such motorcycle and scooter is transferred 
within ten years of such registration, an amount of Rs.1500/- 
with a rebate equal to 10% for each financial year, shall be 
charged.”; and 
(b)  for clause (c), the following shall be substituted: 
“(c) An amount of Rs.1500/- shall be charged for a 
motorcycle drawing a side trailer or cabin at the time of 
registration, and if the registration of such motorcycle is 
transferred within ten years of such registration, an amount 
of Rs.1500/- with a rebate equal to 10% for each financial 
year, shall be charged.”. 
(2)  For S.No.4, in columns 1 to 3, the following shall be substituted: 
“4. Motor Vehicles  other than those mentioned 
above or below: 
(a) with engine power up to 1000 cc, an 
amount of Rs.20,000/ - shall be charged at 
the time of registration, and if the 
registration is transferred within ten years 
of such registration, an amount of Rs. 
20,000/- with a rebate equal to 10% for 
each financial year, shall be charged.   
 
(b)  with engine power exceeding 1000 cc but 
not exceeding 2000 cc. 
0.2% of 
invoice 
value 
(c) with engine power exceeding 2000 cc.  0.3% of 
invoice 
9 
 
value 
If the annual rate of tax given against clauses (b) and (c) is 
less than the rate provided against erstw hile clauses (b) and 
(c), in such case the annual tax shall be paid at the rate 
provided in erstwhile clauses.”.  
6. Amendment of Act VIII of 1967.– In the Excise Duty on Minerals (Labour 
Welfare) Act, 1967 (VIII of 1967), in section 3, subsection (1), for the words “one 
rupee” and “five rupees”, the words “thirty rupees” and “fifty rupees” shall be 
substituted respectively.  
7. Amendment of Act XLII of 2012.– In the Punjab Sales Tax on Services Act 
2012 (XLII of 2012), in section 39, in sub-section (1), the words “in the prescribed 
manner and” and “in the official Gazette” shall be omitted and deemed to be so 
omitted with effect from 1st July 2012.
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eans the Schedule appended to the Act;”; (d) after clause (i), the following shall be inserted: “(j) “valuation table” means the valuation table notified under the Stamp Act 1899;”. (2) In section 3: (a) for sub-section (2), the following shall be substituted: “(2) Subject to sub-sections (2a), (3) and (4), there shall be levied, charged and paid, a tax on the taxable value of a building and lan

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Laws that cite this instrument 5

COURT FEES’ ACT, 1870

44 citation occurrences

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nd published in the Punjab Gazette (Extraordinary), dated 30.6.2006, pages5027-5029, s.2 (w.e.f. 1.7.2006). 99Ibid. 100Substituted for the words “One rupee” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(1)(a)(i). 101Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the P

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(VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(1)(a)(i). 101Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(1)(a)(ii). Sr. No. Article Proper Fee 1 2 3 (i) if the amount or value of the subject -matter of the suit w

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s fifty thousand rupees: Four per centum on such amount or value. 102Substituted for the words “One rupee” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(1)(b)(i)(a). 103Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in th

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II of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(1)(b)(i)(a). 103Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(1)(b)(i)(b). 104Substituted for the words “Five rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in

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of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(1)(b)(i)(b). 104Substituted for the words “Five rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(1)(b)(ii). 105Substituted for the words “One rupee” by the Punjab Finance Act 2024 (VIII of 2024), published in the P

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(VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(1)(b)(ii). 105Substituted for the words “One rupee” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(1)(c). 106Substituted for the words “Fifty paisas” by the Punjab Finance Act 2024 ( VIII of 2024), published in the P

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(VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(1)(c). 106Substituted for the words “Fifty paisas” by the Punjab Finance Act 2024 ( VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(1)(d). Sr. No. Article Proper Fee 1 2 3 Provided that when, after the grant of a certificate under the Suc

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is less than two thousand rupees. 108 [Five hundred rupees]. 107Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(1)(e). 108Substituted for the words “Seven rupees and fifty paisas” by the Punjab Finance Act 2024 (VIII of 2024), pu

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published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(1)(e). 108Substituted for the words “Seven rupees and fifty paisas” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(1)(f)(i). Sr. No. Article Proper Fee 1 2 3 Where the application is for the revision of an order and subjec

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late decree. The fee leviable on a memorandum of appeal]. 109Substituted for the words “Fifteen rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(1)(f)(ii). 110 [SCHEDULE II Fixed Rates Sr. No. Article Proper Fee 1 2 3 1. Application or petition–

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); and published in the Punjab Gazette (Extraordinary), dated 29.6.1973, pages 999-A to 999-R, s.8 (w.e.f. 1.7.1973). 111Substituted for the words “One rupee” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(i)(a). 112Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in th

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II of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(i)(a). 112Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(i)(b). 113Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in th

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II of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(i)(b). 113Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(i)(b). 114Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in t

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I of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(i)(b). 114Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(i)(b). Sr. No. Article Proper Fee 1 2 3 for determination by a Court of the amount of compensation to

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Schedule. 3. Application for leave to sue as a pauper Two rupees. 115Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(i)(b). 116Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in t

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I of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(i)(b). 116Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(i)(c)(i). 117Substituted for the words “Five rupe es” by the Punjab Finance Act 2024 (VIII of 2024), published

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2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(i)(c)(i). 117Substituted for the words “Five rupe es” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(i)(c)(ii). 118Substituted for the figure “1913” by the Punjab Finance Act 2024 (VIII of 2024), published in the

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III of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(i)(c)(ii). 118Substituted for the figure “1913” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(a). 119Substituted for the words “Two hundred rupees” by the Punjab Finance Act 2024 (VIII of 2024), published i

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f 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(a). 119Substituted for the words “Two hundred rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(ii)(a). 120Substituted for the words “Ten rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in

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of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(ii)(a). 120Substituted for the words “Ten rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(ii)(b). 121Substituted for the words “Five rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in

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of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(ii)(b). 121Substituted for the words “Five rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(ii)(c). 122Substituted for the words “Five rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in

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of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(ii)(c). 122Substituted for the words “Five rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(ii)(d). 123Substituted for the words “Three rupees” by the Punjab Finance Act 2024 (VIII of 2024), published i

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f 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(ii)(d). 123Substituted for the words “Three rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(iii). Sr. No. Article Proper Fee 1 2 3 4. Application for leave to appeal as a pauper Two rupees. 5. P

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[Five hundred rupees]. 9. Caveat 132 [Five hundred rupees]. 124Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(iv). 125Substituted for the words “One rupee” by the Punjab Finance Act 2024 (VIII of 2024), published in the

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VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(iv). 125Substituted for the words “One rupee” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(v). 126Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the

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VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(v). 126Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazet te (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(vi)(a). 127Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in

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of 2024), published in the Punjab Gazet te (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(vi)(a). 127Substituted for the words “Two rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(vi)(a). 128Substituted for the words “Three rupees” by the Punjab Finance Act 2024 (VIII of 2024), published i

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f 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(vi)(a). 128Substituted for the words “Three rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(vi)(b). 129Substituted for the words “Three rupees” by the Punj ab Finance Act 2024 (VIII of 2024), published

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published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(vii)(a). 130Substituted for the words “Twenty -five rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Pun jab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(vii)(b). 131Substituted for the words “Ten rupees” by the Punjab Finance Act 2024 (VIII of 2024), published i

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f 2024), published in the Pun jab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(vii)(b). 131Substituted for the words “Ten rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(vii)(c). Sr. No. Article Proper Fee 1 2 3 10. Petition in a suit under the Nativ e Convert’s Marriage Di

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132Substituted for the words “Ten rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(viii). 133Substituted for the words “Ten rupees” by th e Punjab Finance Act 2024 (VIII of 2024), published in t

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I of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(viii). 133Substituted for the words “Ten rupees” by th e Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(ix). 134Substituted for the words “Ten rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the

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III of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(ix). 134Substituted for the words “Ten rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Ga zette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(x)(a). 135Substituted for the words “Thirty rupees” by the Punjab Finance Act 2024 (VIII of 2024), published i

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f 2024), published in the Punjab Ga zette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(x)(a). 135Substituted for the words “Thirty rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(x)(a). 136Substituted for the words “Thirty rupees” by the Punjab Finance Act 2024 (VIII of 2024), published i

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f 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(x)(a). 136Substituted for the words “Thirty rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(x)(b). 137Substituted for the words “Ten rupees” by the Pu njab Finance Act 2024 (VIII of 2024), published in t

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I of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(x)(c). 138Substituted for the words “Ten rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gaze tte (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(x)(d). 139Substituted for the words “Fifteen rupees” by the Punjab Finance Act 2024 (VIII of 2024), published

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2024), published in the Punjab Gaze tte (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(x)(d). 139Substituted for the words “Fifteen rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(x)(e). 140Substituted for the words “Ten rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in t

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I of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(x)(e). 140Substituted for the words “Ten rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(x)(f). 141Substituted for the words “Twenty rupees” by the Pun jab Finance Act 2024 (VIII of 2024), published

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of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(xi). 142Substituted for the words “Twenty rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gaze tte (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(xii). Sr. No. Article Proper Fee 1 2 3 14. Every petition under the Divorce Act, 1869 except petitions

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r the Fatal Accidents Act, 1855. 151 [Five hundred rupees].] 143Substituted for the words “Twenty rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(xiii). 144Substituted for the words “Twenty rupees” by the Punjab Finance Act 2024 (VIII of 2024), published i

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f 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(xiii). 144Substituted for the words “Twenty rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(xiv). 145Substituted for the words “Twenty rupees” by the Pun jab Finance Act 2024 (VIII of 2024), published i

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4, pp. 4999-5005, s. 2(2)(b)(xv). 146Now “The Punjab”. 147Now the Punjab Urban Rent Restriction Ordinance, 1959. 148Substituted for the words “Five rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(xvi)(a). 149Substituted for the words “Fifteen rupees” by the Punjab Finance Act 2024 (VIII of 2024), publishe

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024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(xvi)(a). 149Substituted for the words “Fifteen rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in th e Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(xvi)(b). 150Added by the Court Fees (Punjab Amendment) Ordinance, 1981 (XIV of 1981), which was not subject to

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. 1 of 1977), and was validated by Article 270A of the Constitution of the Islamic Republic of Pakistan (1973). 151Substituted for the words “Fifteen rupees” by the Punjab Finance Act 2024 (VIII of 20 24), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 2(2)(b)(xvii). 152 SCHEDULE III (See Section 19-I) FORM OF VALUATION (TO BE USED WITH SUCH MODIFICATIONS, IF ANY AS

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EXCISE DUTY ON MINERALS (LABOUR WELFARE) ACT, 1967

2 citation occurrences

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fficial Gazette, determine. (3) There shall also be credited to– 3Substituted for the words “ one rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Gazette of Pakistan (Extraordinary), dated: 27 June 2024, pp. 4999-5003, s. 6. It was earlier substituted for the words “fifty paisa” by the Excise Duty on Minerals (Labour Welfare) (Amendment

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979 (XXVIII of 1979 ), published in the Gazette of Pakistan (Extraordinary), dated: 19 June 1979, pp. 165-166, s. 2. 4Substituted for the words “ five rupees” by the Punjab Finance Act 2024 (VIII of 2024), published in the Gazette of Pakistan (Extraordinary), dated: 27 June 2024, pp. 4999-5003, s. 6. It was earlier substituted for the words “one rupee” by the Excise Duty on Minerals (Labour Welfare) (Amendment)

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STAMP ACT 1899

14 citation occurrences

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hed in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 5Substituted for the word “One” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(a). 6VII of 1911. 7XXIX of 1952. 8XIV of 1932. 9VI of 1953. 10Substituted for the word “One” by the Punjab Fina

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n the Punjab Gazette (Extraordinary), dated: 30 June 1998, pp.1577-1580, s. 2: it came into force on 1 July 1998. 7Substituted for the words “Twelve hundred” by the Punjab Finance Act 2024 (VIII of 2024), published in the Pu njab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(b)(i). 8Added by the Punjab Finance Act 1997 (IX of 1997), published in the Punjab Gazette (Extraordinary), dated 1 J

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dment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordi nary), dated: 01 October 2021, pp,1301-1311 s.33. 11Substituted for the word “ One” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette dated: 27 June 2024, pp. 4999-5005, s. 3(b)(ii). 12Substituted for the words “C entral Government” by the Federal Adaptation of Laws Order, 19 75 (P. O. No. 4 of 19 75), publ

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hed in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 2Substituted for the word “One” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(c). 3Substituted by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 2

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t 2021 (XXIX of 2021), published in the Punjab Gazette (Extr aordinary), dated: 01 October 2021, pp,1301-1311 s.2 8Substituted for the words “Twelve hundred” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(d)(i). Description of Instrument Proper Stamp-duty (ii) where it exceeds five lac rupees but does not exceed te

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n of the instrument, an additional stamp duty shall be charged as under: 1Substituted for the word “Two” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(d)(ii). 2Substituted for the word “Three” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gaze

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Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(d)(ii). 2Substituted for the word “Three” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(d)(iii). 3Substituted for the word “Five” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazet

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Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(d)(iii). 3Substituted for the word “Five” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(d)(iv). 4Substituted for the word “Ten” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette

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nce Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(d)(iv). 4Substituted for the word “Ten” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(d)(v). 5Substituted by the Punjab Finance Act 2010 (VI of 2010), published in t he Punjab Gazette (Extraordinary), date

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blished in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 3Substituted for the word “hundred” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gaze tte (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(e). Description of Instrument Proper Stamp-duty DUPLICATE, See COUNTERPART (No. 25). 1 [30. ENTRY AS AN ADV

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in the Punjab Gazette (Extraordinary), dated: 30 June 1998, pp.1577-1580, s. 2: it came into force on 1 July 1998. 3Substituted for the words “Five hundred” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(f)(i). 4Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated:

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n the Punjab Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014. 5Substituted for the words “Twelve hundred” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(f)(ii). Description of Instrument Proper Stamp-duty (c) in an

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the Punjab Gazette (Extraordinary), dated: 28 June 1990, p p. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 5Substituted for the word “hundred” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(g). 6Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16

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the Punjab Gazette (Extraordinary), dated: 28 June 1990, p p. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 4Substituted for the word “hundred” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(h). 5Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gaze tte (Extraordinary), dated: 1

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PUNJAB URBAN IMMOVABLE PROPERTY TAX ACT, 1958

19 citation occurrences

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of the Metropolitan Corporation, a Municipal Corporation, or a Municipal Committee and 1Inserted by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 4(1)(a):it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3 -13/2023, dated: 23 rd January 2025.

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f 1963), publis hed in the Gazette of West Pakistan (Extraordinary), dated September 6, 1963, pp. 3659-3661, s. 2(ii). 7Substituted for the word “perpetuity” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 202 4, pp. 4999 -5005, s. 4(1)(b) :it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3-13/2023, dated: 23rd January 2025..

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. 4(1)(b) :it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3-13/2023, dated: 23rd January 2025.. 8Act No. XXVIII of 1958. 9Inserted by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 4(1)(c) :it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3 -13/2023, dated: 23 rd January 2025.

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or a financial year will be given if the amount of annual tax is paid in lump sum on or 1Inserted by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 4(1)(d) :it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3 -13/2023, dated: 23rd January 2025..

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e Property Tax (Amendm ent) Act, 2017 (II of 2017), published in the Punjab Gazette (Extraordinary), dated February 8, 2017, pp. 4063-4064, s. 3. 6Substituted by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 4(2)(a):it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3 -13/2023, dated: 23rd January 2025...

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2 (X XXVII of 2002) (w.e.f. 1.7.2002), published in the Punjab Gazette (Extraordinary), dated June 25, 2002, pp. 2023-2027, s. 3(i). 6Omitted “subsection (6)” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 4(2)(b) :it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3- 13/2023, dated: 23rd January 2025.

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tuted by the Punjab Finance Act, 1973 (XIV of 1973), published in the Punjab Gazette (Extraordinary), dated June 29, 1973, pp. 999-A-999-S, s. 7. 6Substituted by the Punjab Finance Act 2024 (VIII of 2024), published in t he Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999 -5005, s. 4(3)(a)(i) :it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3 -13/2023, dated: 23rd January 20

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came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3 -13/2023, dated: 23rd January 2025. 7Omitted “sub-clause (ii) along with its provisos” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999 -5005, s. 4(3)(a)(ii):it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3-13/2023, dated: 23rd January 2025

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2016 (XXXV of 2016) (w.e.f. 1.7.2016), published in the Punjab Gazette (Extraordinary), dated June 29, 2016, pp. 6083-6092, s. 3(b)(ii). 9Omitted “clause (i)” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999 -5005, s. 4(3)(b):it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3 -13/2023, dated: 23rd January 2025.

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the penalty leviable shall be determined and c ollected by the Assessing Authority. 1Substituted by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 4(4):it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3-13/2023, dated: 23rd January 2025. 2Add

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, 1998 (VII of 1998) (w.e.f. 1.1.1998), published in the Punjab Gazette (Extraordinary), dated June 30, 1998, pp. 1577-1580, s. 3(3). 3Omitted “section 5-A” by the Punjab Finance Act 2024 (V III of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999 -5005, s. 4(5) :it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3 -13/2023, dated: 23rd January 2025.

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ab Finance Act, 2016 (XXXV of 2016) (w.e.f. 1.7.2016), published in the Punjab Gazette (Extraordinary), dated June 29, 2016, pp. 6083-6092, s. 3(c). 5Inserted by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 4(6) :it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3 -13/2023, dated: 23 rd January 2025. .

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te authority 3 upon an objection made before that authority under section 4 [*] 1Substituted by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Ex traordinary), dated: 27 June 2024, pp. 4999-5005, s. 4(7):it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3-13/2023, dated: 23rd January 2025.. 2

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4, pp. 4999-5005, s. 4(7):it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3-13/2023, dated: 23rd January 2025.. 2Omitted, section 8, by the Punjab Finance Act 2024 (VIII of 2024), published in the P unjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999 -5005, s. 4(8) :it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3 -13/2023, dated: 23rd January 2025..

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h Notification No. SOTAX(E&T)3-38/91(P-I), dated 13.10.2001, published in the Punjab Gazette (Extraordinary), dated July 23, 2003. 4Omitted “the expression 8” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999 -5005, s. 4(9)(a):it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3 - 13/2023, dated: 23rd January 2025.

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2), published in the Gazette of Wes t Pakistan (Extraordinary), dated June 2, 1962, pp. 2195-2200, s. 3(2) read with Schedule II. 3Omitted, sub-section (1-A), by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 4(9)(b) :it came into force on January 01,2025, vide notification No. SOTAX (ET&NC)3- 13/2023, dated: 23rd January 2025..

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9.03.2003 read with Notification No. SOTAX(E&T)3-38/91(P-I), dated 13.10.2001, published in the Punjab Gazette (Extraordinary), dated July 23, 2003. 5Inserted by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 4(10) :it came into force on January 01,2025, vide notification No. SOTAX ET&NC)3-13/2023, dated: 23 rd January 2025..

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ced, appointed, authorised, conferred, made or issued under this Act. 1Now “Punjab”. 2Inserted by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 4(11) :it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3 -13/2023, dated: 23 rd January 2025..

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n and before 31.12.2024+20 % Tax on and before 31.12.2024+20%] 1Added by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp.4999-5005, s. 4(12) :it came into force on January 01,2025, vide notification No. SOTAX(ET&NC)3 -13/2023, dated: 23 rd January 2025. .

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PUNJAB MOTOR VEHICLES TAXATION ACT 1958

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rticle 4, notwithstanding the maximum limit of three months prescribed under Article 128 of the Constitution of the Islamic Republic of Pakistan. 2Substituted by the Punjab Finance Act 2024 (VIII of 2024), published in the Punja b Gazette (Extraordinary), dated : 27 June 2024, pp. 4999-5005, s. 5(1)(a). 3Substituted for the figure “1000/ -” by the Punjab Finance Act, 2004 (XIX of 2004) (w.e.f. 1.7.2004), publi

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nance Act, 20 18 (XXX of 2018) (w.e.f. 1.11.2018), published in the Punjab Gazette (Extraordinary), dated October 29, 2018, pp. 805-818, s. 3(a). 5Substituted by the Punjab Finance Act 2024 (V III of 2024), published in the Punjab Gazette (Extraordinary), dated : 27 June 2024, pp. 4999-5005, s. 5(1)(b). 6Substituted for the figure “800/ -“ by the Punjab Finance Ordinance, 2002 (XXXVII of 2002) (w.e.f. 1.7.2002

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/- (ii) with engine power exceeding 1990cc but not exceeding 2990cc; Rs.25,000/- 1Substituted by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated : 27 June 2024, pp. 4999-5005, s. 5(2). 2Substituted for the expression "0.2%" by the Punjab Finance Act 2026 (L of 2026), published in the Punjab Gazett

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References to provisions in this text 16

Section 4

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njab Finance Act 2024. (2) This Act extends to the whole of the Punjab. (3) This Act shall come into force on the first day of July 2024 except the provisions of section 4 which shall come into force on such date as the Government may, by notification in the official Gazette, specify. 2. Amendment of Act VII of 1870.– In the Court Fees Act, 1870 (VII of 1870): (1) In SCHEDULE I, in column 3,

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Section 2

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rd “hundred”, the word "thousand" shall be substituted. 4. Amendment of Act V of 1958.– In the Punjab Urban Immovable Property Tax Act, 1958 (V of 1958): (1) In section 2: (a) after clause (c), the following shall be inserted: “(d-a) “high value property” means the property of a value as provided in sub-section (3) of section 5;”; 6 (b) in clause (e), for the word “perpetuity”, the

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Section 5

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In section 2: (a) after clause (c), the following shall be inserted: “(d-a) “high value property” means the property of a value as provided in sub-section (3) of section 5;”; 6 (b) in clause (e), for the word “perpetuity”, the word “possession” shall be substituted; (c) after clause (g), the following shall be inserted: “(g-a) “Schedule” means the Schedule appended to the Act;”; (d)

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Section 3

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to the Act;”; (d) after clause (i), the following shall be inserted: “(j) “valuation table” means the valuation table notified under the Stamp Act 1899;”. (2) In section 3: (a) for sub-section (2), the following shall be substituted: “(2) Subject to sub-sections (2a), (3) and (4), there shall be levied, charged and paid, a tax on the taxable value of a building and land in a rating area at

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Section 4

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d paid, a tax on the taxable value of a building and land in a rating area at the rate given in the Schedule.”; and (b) sub-section (6) shall be omitted. (3) In section 4: (a) in clause (c): (i) for sub-clause (i), the following shall be substituted: “(i) buildings and lands used or intended to be used exclusively as residential, taxable value of which does not exceed five million rupees

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Section 5

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ue of which does not exceed five million rupees.”; (ii) sub-clause (ii) along with its provisos shall be omitted; and (b) clause (i) shall be omitted. (4) For section 5, the following shall be substituted: “5. Ascertainment of taxable value.- (1) The taxable value of land and building shall be determined in accordance with the valuation table in respect of the property situated in the rati

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Section 5A

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lding through valuation table. (3) The Government may, by notification in the official Gazette, specify and categorize a property as the high value property;”. (5) Section 5-A shall be omitted. (6) After section 6, the following shall be inserted: “6-A. Self-assessment of land and building.- (1) The owner of land and building, within rating area, shall assess his land and building in such manne

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Section 6

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overnment may, by notification in the official Gazette, specify and categorize a property as the high value property;”. (5) Section 5-A shall be omitted. (6) After section 6, the following shall be inserted: “6-A. Self-assessment of land and building.- (1) The owner of land and building, within rating area, shall assess his land and building in such manner as may be prescribed. (2) The assess

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Section 7

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shall issue directions containing time line which shall not be more than two weeks, for self-assessment of such land and building under sub-section (1).”. (7) For section 7, the following shall be substituted: “7. Making of a valuation list.- A valuation list for every rating area shall be prepared in the manner and by the authority as may be prescribed and any subsequent change in valuation l

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Section 8

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escribed and any subsequent change in valuation list resulting from the change in valuation table shall be effective from the first day of the coming month.”. (8) Section 8 shall be omitted. (9) In section 10: (a) in sub-section (1), the expression “8,” shall be omitted; and (b) sub-section (1A) shall be omitted. (10) After section 10, the following shall be inserted: “10-A. Hardship case

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Section 10

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valuation list resulting from the change in valuation table shall be effective from the first day of the coming month.”. (8) Section 8 shall be omitted. (9) In section 10: (a) in sub-section (1), the expression “8,” shall be omitted; and (b) sub-section (1A) shall be omitted. (10) After section 10, the following shall be inserted: “10-A. Hardship case.- In case of a hardship case, the grie

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Section 10

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ction 8 shall be omitted. (9) In section 10: (a) in sub-section (1), the expression “8,” shall be omitted; and (b) sub-section (1A) shall be omitted. (10) After section 10, the following shall be inserted: “10-A. Hardship case.- In case of a hardship case, the grievance committee, to be constituted by the Government through notification in the official Gazette, may, by an order containing rea

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Section 23

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notification in the official Gazette, may, by an order containing reasons, exempt land and building from payment of the whole or any part of the tax.”. (11) After section 23, the following shall be inserted: “23-A. Power to amend the Schedule.- The Government may, by notification in the official Gazette, amend the Schedule.”. (12) After section 24, the following shall be added: “SCHEDULE [s

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Section 24

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the following shall be inserted: “23-A. Power to amend the Schedule.- The Government may, by notification in the official Gazette, amend the Schedule.”. (12) After section 24, the following shall be added: “SCHEDULE [see sections 2(g-a) and 3(2)] Sr.# Taxable Value Residential Properties Commercial Properties Rate of Tax Rate of Tax 1. Up to Rs.5 million Exempted 0.07% 2. Exceedi

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Section 3

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paid at the rate provided in erstwhile clauses.”. 6. Amendment of Act VIII of 1967.– In the Excise Duty on Minerals (Labour Welfare) Act, 1967 (VIII of 1967), in section 3, subsection (1), for the words “one rupee” and “five rupees”, the words “thirty rupees” and “fifty rupees” shall be substituted respectively. 7. Amendment of Act XLII of 2012.– In the Punjab Sales Tax on Services Act 201

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Section 39

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y rupees” and “fifty rupees” shall be substituted respectively. 7. Amendment of Act XLII of 2012.– In the Punjab Sales Tax on Services Act 2012 (XLII of 2012), in section 39, in sub-section (1), the words “in the prescribed manner and” and “in the official Gazette” shall be omitted and deemed to be so omitted with effect from 1st July 2012.

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Cited instruments not matched in this library 6

TEXT THE PUNJAB FINANCE ACT 2024

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of Act II of 1899 4. Amendment of Act V of 1958 5. Amendment of Act XXXII of 1958 6. Amendment of Act VIII of 1967 7. Amendment of Act XLII of 2012 2 TEXT THE PUNJAB FINANCE ACT 2024 (VIII of 2024) [27th June, 2024] An Act to levy, alter and rationalize certain taxes, fees and duties in the Punjab. It is necessary in public interest to levy, alter and rationalize certain taxes, fees and duties i

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Court Fees Act, 1870

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section 4 which shall come into force on such date as the Government may, by notification in the official Gazette, specify. 2. Amendment of Act VII of 1870.– In the Court Fees Act, 1870 (VII of 1870): (1) In SCHEDULE I, in column 3, under the heading “Proper Fee”: (a) at Sr. No. 5: (i) against clause (a), for the words “One rupee”, the words “One hundred rupees” shall be substituted; and (ii) against

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Stamp Act, 1899

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substituted; (xvii) in Sr. No. 18, for the words “Fifteen rupees”, the words “Five hundred rupees” shall be substituted. 3. Amendment of Act II of 1899.– In the Stamp Act, 1899 (II of 1899), in SCHEDULE I, in column 3, under the heading “Proper Stamp-duty”: (a) in Article 4, for the word "One", the word “ Three" shall be substituted; (b) in Article 5: (i) against clause (cc), for the words “Twel

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Punjab Urban Immovable Property Tax Act, 1958

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“thousand" shall be substituted; and (h) in Article 61, for the word “hundred”, the word "thousand" shall be substituted. 4. Amendment of Act V of 1958.– In the Punjab Urban Immovable Property Tax Act, 1958 (V of 1958): (1) In section 2: (a) after clause (c), the following shall be inserted: “(d-a) “high value property” means the property of a value as provided in sub-section (3) of section 5;”; 6 (b) in clause (e)

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Punjab Motor Vehicles Taxation Act, 1958

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31.12.2024+10% 4. Rs. 25 million and above Tax on and before 31.12.2024+20% Tax on and before 31.12.2024+20%”. 5. Amendment of Act XXXII of 1958.– In the Punjab Motor Vehicles Taxation Act, 1958 (XXXII of 1958), in the SCHEDULE: (1) In S.No.1, in column 2: (a) for clause (a), the following shall be substituted: “(a) An amount of Rs.1500/- shall be charged for a motorcycle and scooter at the time of registratio

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Punjab Sales Tax on Services Act 2012

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the words “one rupee” and “five rupees”, the words “thirty rupees” and “fifty rupees” shall be substituted respectively. 7. Amendment of Act XLII of 2012.– In the Punjab Sales Tax on Services Act 2012 (XLII of 2012), in section 39, in sub-section (1), the words “in the prescribed manner and” and “in the official Gazette” shall be omitted and deemed to be so omitted with effect from 1st July 2012.

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Recorded title
PUNJAB FINANCE ACT 2024
Source collection
Punjab — this does not establish territorial applicability.
Recorded version
Not supplied in this record
Source snapshot
2026-08-06T16:55:49Z
Legal status
not independently verified
Text quality
Complete stored UTF-8 TXT file recovered byte-for-byte from owned Drive. Source transcription retained verbatim; legal completeness, OCR accuracy and current consolidation unverified.
Recorded quality flags
No additional flags recorded
Stable record
punjab-code-2ba77e4142df95c6
Content extent
Legal completeness not independently established
Integrity scope
Stored UTF-8 text and TXT download bytes checked against their recorded hash. This does not establish legal authenticity or currency.
Passage offsets
zero-based Unicode code points and UTF8 bytes; end exclusive
Stored text SHA-256
01912620074845e5627f084befd44c2d54ffa71f3f49247514c4a43a740d8f49

Law, understood
in its full context.

Evolutionary

Examine institutional development, adaptation and correction.

Strategic

Examine authority, purpose and the choices before institutions.

Anticipatory

Explore emerging consequences and the safeguards they require.