PUNJAB FINANCE ACT, 1967

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THE PUNJAB FINANCE ACT, 1967 
(IV of 1967) 
CONTENTS 
1. Short title, commencement and extent 
2. Definitions 
3. Surcharge on Agricultural Income-tax in certain Districts 
4. Tax on cinemas 
5. Tax on motor vehicles 
6. Tax on railway fares and freights 
7. Alteration in stamp duty 
8. Amendment of West Pakistan Act No. XXXIV of 1964 
9. Penalty 
10. Bar of suits in Civil Courts 
11. Application of existing laws 
12. Power to amend or vary an Act 
13. Power to make rules 
SCHEDULES 
1. FIRST SCHEDULE 
2. SECOND SCHEDULE 
 
TEXT 
1
THE 
2
[PUNJAB] FINANCE ACT, 1967 
(IV of 1967) 
[30th June, 1967] 
An 
Act 
to continue and levy certain taxes and duties in 
3
[the Punjab] 
Preamble.– WHEREAS it is expedient to continue and levy certain taxes and duties 
in the province of 
4
[the Punjab]. 
It is hereby enacted as follows:– 
1. Short title, commencement and extent .– (1) This Act may be called the 
5
[Punjab] Finance Act, 1967. 
(2) It shall come into force on and from the first day of July 1967. 
(3) It shall extend, unless otherwise specified hereinafter, to the whole of 
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[the Punjab], except the Tribal Areas. 
2. Definitions.– In this Act, unless there is anything repugnant in the subject or 
context, “Government” means the 
7
[Provincial Government of the Punjab]. 
3. Surcharge on Agricultural Income-tax in certain Districts.– (1) There shall 
be levied and collected from every owner of land which is a ssessed to agricultural  
income-tax in the Districts of 
8
[* * *], Campbellpur
9
, Dera Ghazi Khan, Gujranwala, 
Gujrat, Jhelum, Jhang, Lahore
10
, Lyallpur
11
, Mianwali, Multan
12
, Muzaffargarh, 
Rawalpindi, Sahiwal, Sargodha, Sheikhupura and Sialkot, on the land -revenue 
payable in the agricultural year, 1966 -67, an additional amount of agricultural 
income-tax by way of surcharge at the rate specified in the First Schedule. 
                                                           
1This Act was passed by the West Pakistan Assembly on 30th June, 1967; assented to by the Governor of West Pakistan on 
30th June, 1967, and, published in the West Pakistan Gazette (Extraordinary), dated 30th June, 1967, pages 1851-57. 
2Substituted by the Punjab Laws (Adaptation) Order, 1974 (Pb. A.O. 1 of 1974), for “West Pakistan”. 
3Ibid. 
4Ibid. 
5Ibid. 
6Ibid. 
7Substituted ibid., for “Government of West Pakistan”. 
8The words “Bannu, Dera Ismail Khan, Hazara, Mardan, Kohat, Peshawar” del. ibid. 
9Now „Attock‟. 
10Now bifurcated into „Lahore and Kasur‟ Districts. 
11Now „Faisalabad‟. 
12Now bifurcated into „Multan and Vehari‟ Districts. 
Explanation.– For purposes of this section, “agricultural year” means the agricultural 
year as defined in the Punjab Land Revenue Act, 1887
13
. 
(2) The provisions of 
14
[* * *] the Punjab Agricultural Income -Tax Act, 1951, 
shall, so far as may be, apply to the assessment, collection and recovery of the 
surcharge imposed under this section. 
4. Tax on cine mas.– There shall be levied and collected a tax on cinemas 
payable by the owner or management thereof at the following rates for the financial 
year, 1967-68:– 
(i) In the case of a cinema classed 
as a first class cinema. 
One thousand rupees. 
(ii) In the ca se of a cinema classed 
as a second class cinema. 
Five hundred rupees. 
(iii) In the case of a cinema classed 
as a third class cinema. 
One hundred rupees. 
5. Tax on motor vehicles. – There shall be levied and collected in any area in 
which a tax is imposed on motor vehicles by or under any enactment in force in 
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[the 
Punjab], a surcharge on such tax at the following rates for the financial year, 1967 -
68:– 
(i) Motor vehicles used for the transport or 
carriage of goods and materials. 
Twenty-five rupees. 
(ii) Motor vehicles plying for hire and 
licensed to carry more than eight 
persons. 
Fifty rupees. 
6. Tax on railway fares and freights .– Until the 30th day of June, 1968, there 
shall be levied and paid on railway fares and freights a tax according to the scale set 
out in the Second Schedule. 
7. Alteration in stamp duty. – With effect from 1st July, 1967, Schedule I of the 
Stamp Act, 1899, shall have effect as if– 
(a) In Article 47– 
(i) in Division E, between the words “EXCEPT SUCH A” and the 
word “RE -INSURANCE”, the words “GROUP TERM 
INSURANCE AS IS DESCRIBED IN DIVISION EE OF THIS 
ARTICLE OR A” were added; and  
(ii) after Division E as so modified, the following new Division were 
inserted:– 
                                                           
13VII of 1887, since repealed by the Punjab Land Revenue Act, 1967. 
14The words “The North -West Frontier Province Agricultural Income -Tax Act, 1948, and” deleted by the Punjab Laws 
(Adaptation) Order, 1974 (Pb. A.O. 1 of 1974). 
15Substituted ibid., for “West Pakistan”. 
“EE–GROUP TERM INSURANCE– 
By workmen and other employees in Six paisa 
respect of death or accident to any one of them arising out of or in the course of their 
employment, for every Rs. 100 or part thereof payable as premium”; and 
(b) in Article 62, in clause (a), for the word “one -half”, the word “One -
fourth” were substituted. 
8. Amendment of West Pakistan Act No. XXXIV of 1964 .– In the 
16
[Punjab] 
Finance Act, 1964, in section 12, after sub -section (4), the following new sub -section 
shall be added, namely:– 
“(5) Government may by an order, notified in the official Gazette, exempt  
any Sugar Mill or all Sugar Mills in any specified area from the payment 
of the whole or any part of the cess under this section”. 
9. Penalty.– If the person responsible for the payment of the tax under section 4 
fails to pay the tax, he shall be liable t o pay, in addition to the amount of such tax, a 
penalty not exceeding the amount of the tax payable. 
10. Bar of suits in Civil Courts .– No suit shall lie in any Civil Court to set aside 
or modify any assessment of tax made under this Act and the rules made  
thereunder. 
11. Application of existing laws .– Where any tax or surcharge imposed by this 
Act is by way of an addition to, or a surcharge on, any existing tax imposed by or 
under an enactment in force in 
17
[Punjab], the procedure provided in such enactment  
and the rules framed thereunder for the assessment, collection and recovery of such 
tax, shall, so far as applicable, apply to the assessment, collection and recovery of 
the additional tax or surcharge. 
12. Power to amend or vary an Act. – Government may, by notification in the 
official Gazette, make such omission from, additions to, adaptations and 
modifications of, any 
18
[Punjab] Act, as may be necessary for the purpose of the levy 
and collection of any tax imposed by or under this Act. 
13. Power to make r ules.– (1) Government may make rules for carrying into 
effect the purposes of this Act, and such rules may, among other matters, prescribe 
the procedure for the assessment, collection and payment of any tax levied under 
this Act, in so far as such procedure is not provided in this Act. 
(2) Any rules made or deemed to have been made under the 
corresponding provisions of the 
19
[Punjab] Finance Act, 1966, shall, so far as may be, 
be continued and be deemed to have been made under this Act. 
                                                           
16Substituted by the Punjab Laws (Adaptation) Order, 1974 (Pb. A.O. 1 of 1974), for “West Pakistan”. 
17Ibid. 
18Substituted by the Punjab Laws (Adaptation) Order, 1974 (Pb. A.O. 1 of 1974), for “West Pakistan”. 
19Ibid. 
FIRST SCHEDULE 
(See SECTION 3) 
 Surcharge 
Where the total land-revenue payable does not exceed Rs. 349. Nil 
Where the total land-revenue payable exceeds Rs. 349 but does 
not exceed Rs. 499. 
Rupees twelve. 
Where the total land-revenue payable exceeds Rs. 499 but does 
not exceed Rs. 749. 
Rupees twenty-
four 
Where the total land-revenue payable exceeds Rs. 749 but does 
not exceed Rs. 999. 
Rupees fifty. 
Where the total land-revenue payable exceeds Rs. 999 but does 
not exceed Rs. 1,999. 
Rupees one 
hundred. 
Where the total land-revenue payable exceeds Rs. 1,999 but does 
not exceed Rs. 4,999. 
Rupees two 
hundred and fifty. 
Where the total land-revenue payable exceeds Rs. 4,999 but does 
not exceed Rs. 9,999. 
Rupees five 
hundred 
Where the total land-revenue payable exceeds Rs. 9,999. Rupees one 
thousand. 
SECOND SCHEDULE 
(See SECTION 6) 
PART I 
Freight (Goods) Tax 
Where the freight on any consignment does not exceed Rs. 3. Nil 
Where the freight on any consignment exceeds Rs. 3 but does not 
exceed Rs. 10. 
Six paisa. 
Where the freight on any consignment exceeds Rs. 10 but does 
not exceed Rs. 25. 
Twelve paisa. 
Where the freight on any consignment exceeds Rs. 25 but does 
not exceed Rs. 50. 
Twenty-five 
paisa. 
Where the freight on any consignment exceeds Rs. 50 but does 
not exceed Rs. 75. 
Fifty paisa. 
Where the freight on any consignment exceeds Rs. 75 but does 
not exceed Rs. 100. 
One rupee. 
Where the freight on any consignment exceeds Rs. 100 but does 
not exceed Rs. 150. 
Two rupees. 
Where the freight on any consignment exceeds Rs. 150 but does 
not exceed Rs. 225. 
Three rupees. 
Where the freight on any consignment exceeds Rs. 225 but does Four rupees. 
not exceed Rs. 300. 
Where the freight on any consignment exceeds Rs. 300. Four rupees plus 
one rupee for 
every hundred 
rupees in exc ess 
of three hundred 
rupees of freight. 
 
PART II 
Fares (Passenger) Amount of tax 
On a first class ticket 50 Paisa. 
On a second class ticket. 25 paisa. 
On an inter class ticket. 12 paisa. 
On a third class or deck ticket. 6 paisa. 
Provided that no tax shall be levied where the fare does not exceed Rs. 3.