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  "title": "PUNJAB FINANCE ACT, 1967",
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  "text": "THE PUNJAB FINANCE ACT, 1967 \r\n(IV of 1967) \r\nCONTENTS \r\n1. Short title, commencement and extent \r\n2. Definitions \r\n3. Surcharge on Agricultural Income-tax in certain Districts \r\n4. Tax on cinemas \r\n5. Tax on motor vehicles \r\n6. Tax on railway fares and freights \r\n7. Alteration in stamp duty \r\n8. Amendment of West Pakistan Act No. XXXIV of 1964 \r\n9. Penalty \r\n10. Bar of suits in Civil Courts \r\n11. Application of existing laws \r\n12. Power to amend or vary an Act \r\n13. Power to make rules \r\nSCHEDULES \r\n1. FIRST SCHEDULE \r\n2. SECOND SCHEDULE \r\n \r\nTEXT \r\n1\r\nTHE \r\n2\r\n[PUNJAB] FINANCE ACT, 1967 \r\n(IV of 1967) \r\n[30th June, 1967] \r\nAn \r\nAct \r\nto continue and levy certain taxes and duties in \r\n3\r\n[the Punjab] \r\nPreamble.– WHEREAS it is expedient to continue and levy certain taxes and duties \r\nin the province of \r\n4\r\n[the Punjab]. \r\nIt is hereby enacted as follows:– \r\n1. Short title, commencement and extent .– (1) This Act may be called the \r\n5\r\n[Punjab] Finance Act, 1967. \r\n(2) It shall come into force on and from the first day of July 1967. \r\n(3) It shall extend, unless otherwise specified hereinafter, to the whole of \r\n6\r\n[the Punjab], except the Tribal Areas. \r\n2. Definitions.– In this Act, unless there is anything repugnant in the subject or \r\ncontext, “Government” means the \r\n7\r\n[Provincial Government of the Punjab]. \r\n3. Surcharge on Agricultural Income-tax in certain Districts.– (1) There shall \r\nbe levied and collected from every owner of land which is a ssessed to agricultural  \r\nincome-tax in the Districts of \r\n8\r\n[* * *], Campbellpur\r\n9\r\n, Dera Ghazi Khan, Gujranwala, \r\nGujrat, Jhelum, Jhang, Lahore\r\n10\r\n, Lyallpur\r\n11\r\n, Mianwali, Multan\r\n12\r\n, Muzaffargarh, \r\nRawalpindi, Sahiwal, Sargodha, Sheikhupura and Sialkot, on the land -revenue \r\npayable in the agricultural year, 1966 -67, an additional amount of agricultural \r\nincome-tax by way of surcharge at the rate specified in the First Schedule. \r\n                                                           \r\n1This Act was passed by the West Pakistan Assembly on 30th June, 1967; assented to by the Governor of West Pakistan on \r\n30th June, 1967, and, published in the West Pakistan Gazette (Extraordinary), dated 30th June, 1967, pages 1851-57. \r\n2Substituted by the Punjab Laws (Adaptation) Order, 1974 (Pb. A.O. 1 of 1974), for “West Pakistan”. \r\n3Ibid. \r\n4Ibid. \r\n5Ibid. \r\n6Ibid. \r\n7Substituted ibid., for “Government of West Pakistan”. \r\n8The words “Bannu, Dera Ismail Khan, Hazara, Mardan, Kohat, Peshawar” del. ibid. \r\n9Now „Attock‟. \r\n10Now bifurcated into „Lahore and Kasur‟ Districts. \r\n11Now „Faisalabad‟. \r\n12Now bifurcated into „Multan and Vehari‟ Districts. \r\nExplanation.– For purposes of this section, “agricultural year” means the agricultural \r\nyear as defined in the Punjab Land Revenue Act, 1887\r\n13\r\n. \r\n(2) The provisions of \r\n14\r\n[* * *] the Punjab Agricultural Income -Tax Act, 1951, \r\nshall, so far as may be, apply to the assessment, collection and recovery of the \r\nsurcharge imposed under this section. \r\n4. Tax on cine mas.– There shall be levied and collected a tax on cinemas \r\npayable by the owner or management thereof at the following rates for the financial \r\nyear, 1967-68:– \r\n(i) In the case of a cinema classed \r\nas a first class cinema. \r\nOne thousand rupees. \r\n(ii) In the ca se of a cinema classed \r\nas a second class cinema. \r\nFive hundred rupees. \r\n(iii) In the case of a cinema classed \r\nas a third class cinema. \r\nOne hundred rupees. \r\n5. Tax on motor vehicles. – There shall be levied and collected in any area in \r\nwhich a tax is imposed on motor vehicles by or under any enactment in force in \r\n15\r\n[the \r\nPunjab], a surcharge on such tax at the following rates for the financial year, 1967 -\r\n68:– \r\n(i) Motor vehicles used for the transport or \r\ncarriage of goods and materials. \r\nTwenty-five rupees. \r\n(ii) Motor vehicles plying for hire and \r\nlicensed to carry more than eight \r\npersons. \r\nFifty rupees. \r\n6. Tax on railway fares and freights .– Until the 30th day of June, 1968, there \r\nshall be levied and paid on railway fares and freights a tax according to the scale set \r\nout in the Second Schedule. \r\n7. Alteration in stamp duty. – With effect from 1st July, 1967, Schedule I of the \r\nStamp Act, 1899, shall have effect as if– \r\n(a) In Article 47– \r\n(i) in Division E, between the words “EXCEPT SUCH A” and the \r\nword “RE -INSURANCE”, the words “GROUP TERM \r\nINSURANCE AS IS DESCRIBED IN DIVISION EE OF THIS \r\nARTICLE OR A” were added; and  \r\n(ii) after Division E as so modified, the following new Division were \r\ninserted:– \r\n                                                           \r\n13VII of 1887, since repealed by the Punjab Land Revenue Act, 1967. \r\n14The words “The North -West Frontier Province Agricultural Income -Tax Act, 1948, and” deleted by the Punjab Laws \r\n(Adaptation) Order, 1974 (Pb. A.O. 1 of 1974). \r\n15Substituted ibid., for “West Pakistan”. \r\n“EE–GROUP TERM INSURANCE– \r\nBy workmen and other employees in Six paisa \r\nrespect of death or accident to any one of them arising out of or in the course of their \r\nemployment, for every Rs. 100 or part thereof payable as premium”; and \r\n(b) in Article 62, in clause (a), for the word “one -half”, the word “One -\r\nfourth” were substituted. \r\n8. Amendment of West Pakistan Act No. XXXIV of 1964 .– In the \r\n16\r\n[Punjab] \r\nFinance Act, 1964, in section 12, after sub -section (4), the following new sub -section \r\nshall be added, namely:– \r\n“(5) Government may by an order, notified in the official Gazette, exempt  \r\nany Sugar Mill or all Sugar Mills in any specified area from the payment \r\nof the whole or any part of the cess under this section”. \r\n9. Penalty.– If the person responsible for the payment of the tax under section 4 \r\nfails to pay the tax, he shall be liable t o pay, in addition to the amount of such tax, a \r\npenalty not exceeding the amount of the tax payable. \r\n10. Bar of suits in Civil Courts .– No suit shall lie in any Civil Court to set aside \r\nor modify any assessment of tax made under this Act and the rules made  \r\nthereunder. \r\n11. Application of existing laws .– Where any tax or surcharge imposed by this \r\nAct is by way of an addition to, or a surcharge on, any existing tax imposed by or \r\nunder an enactment in force in \r\n17\r\n[Punjab], the procedure provided in such enactment  \r\nand the rules framed thereunder for the assessment, collection and recovery of such \r\ntax, shall, so far as applicable, apply to the assessment, collection and recovery of \r\nthe additional tax or surcharge. \r\n12. Power to amend or vary an Act. – Government may, by notification in the \r\nofficial Gazette, make such omission from, additions to, adaptations and \r\nmodifications of, any \r\n18\r\n[Punjab] Act, as may be necessary for the purpose of the levy \r\nand collection of any tax imposed by or under this Act. \r\n13. Power to make r ules.– (1) Government may make rules for carrying into \r\neffect the purposes of this Act, and such rules may, among other matters, prescribe \r\nthe procedure for the assessment, collection and payment of any tax levied under \r\nthis Act, in so far as such procedure is not provided in this Act. \r\n(2) Any rules made or deemed to have been made under the \r\ncorresponding provisions of the \r\n19\r\n[Punjab] Finance Act, 1966, shall, so far as may be, \r\nbe continued and be deemed to have been made under this Act. \r\n                                                           \r\n16Substituted by the Punjab Laws (Adaptation) Order, 1974 (Pb. A.O. 1 of 1974), for “West Pakistan”. \r\n17Ibid. \r\n18Substituted by the Punjab Laws (Adaptation) Order, 1974 (Pb. A.O. 1 of 1974), for “West Pakistan”. \r\n19Ibid. \r\nFIRST SCHEDULE \r\n(See SECTION 3) \r\n Surcharge \r\nWhere the total land-revenue payable does not exceed Rs. 349. Nil \r\nWhere the total land-revenue payable exceeds Rs. 349 but does \r\nnot exceed Rs. 499. \r\nRupees twelve. \r\nWhere the total land-revenue payable exceeds Rs. 499 but does \r\nnot exceed Rs. 749. \r\nRupees twenty-\r\nfour \r\nWhere the total land-revenue payable exceeds Rs. 749 but does \r\nnot exceed Rs. 999. \r\nRupees fifty. \r\nWhere the total land-revenue payable exceeds Rs. 999 but does \r\nnot exceed Rs. 1,999. \r\nRupees one \r\nhundred. \r\nWhere the total land-revenue payable exceeds Rs. 1,999 but does \r\nnot exceed Rs. 4,999. \r\nRupees two \r\nhundred and fifty. \r\nWhere the total land-revenue payable exceeds Rs. 4,999 but does \r\nnot exceed Rs. 9,999. \r\nRupees five \r\nhundred \r\nWhere the total land-revenue payable exceeds Rs. 9,999. Rupees one \r\nthousand. \r\nSECOND SCHEDULE \r\n(See SECTION 6) \r\nPART I \r\nFreight (Goods) Tax \r\nWhere the freight on any consignment does not exceed Rs. 3. Nil \r\nWhere the freight on any consignment exceeds Rs. 3 but does not \r\nexceed Rs. 10. \r\nSix paisa. \r\nWhere the freight on any consignment exceeds Rs. 10 but does \r\nnot exceed Rs. 25. \r\nTwelve paisa. \r\nWhere the freight on any consignment exceeds Rs. 25 but does \r\nnot exceed Rs. 50. \r\nTwenty-five \r\npaisa. \r\nWhere the freight on any consignment exceeds Rs. 50 but does \r\nnot exceed Rs. 75. \r\nFifty paisa. \r\nWhere the freight on any consignment exceeds Rs. 75 but does \r\nnot exceed Rs. 100. \r\nOne rupee. \r\nWhere the freight on any consignment exceeds Rs. 100 but does \r\nnot exceed Rs. 150. \r\nTwo rupees. \r\nWhere the freight on any consignment exceeds Rs. 150 but does \r\nnot exceed Rs. 225. \r\nThree rupees. \r\nWhere the freight on any consignment exceeds Rs. 225 but does Four rupees. \r\nnot exceed Rs. 300. \r\nWhere the freight on any consignment exceeds Rs. 300. Four rupees plus \r\none rupee for \r\nevery hundred \r\nrupees in exc ess \r\nof three hundred \r\nrupees of freight. \r\n \r\nPART II \r\nFares (Passenger) Amount of tax \r\nOn a first class ticket 50 Paisa. \r\nOn a second class ticket. 25 paisa. \r\nOn an inter class ticket. 12 paisa. \r\nOn a third class or deck ticket. 6 paisa. \r\nProvided that no tax shall be levied where the fare does not exceed Rs. 3.",
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