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  "title": "PUNJAB FINANCE ACT, 1968",
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  "text": "THE PUNJAB FINANCE ACT, 1968 \r\n(III of 1968) \r\nCONTENTS \r\n1. Short title commencement and extent \r\n2. Surcharge on Agricultural Income-tax in certain Districts \r\n3. Tax on cinemas \r\n4. Surcharge on motor vehicles tax \r\n5. Tax on railway fares and freights \r\n6. Amendment of Section 12 of W.P.Act XXXIV of 1964 \r\n7. Penalty \r\n8. Application of existing laws \r\n9. Bar of suits in Civil Courts \r\n10. Power to make rules \r\nSCHEDULES \r\n1. FIRST SCHEDULE \r\n2. SECOND SCHEDULE \r\nTEXT \r\n1\r\nTHE \r\n2\r\n[PUNJAB] FINANCE ACT, 1968 \r\n(III of 1968) \r\n[29th June, 1968] \r\nAn \r\nAct \r\nto continue and levy certain taxes and surcharges in the Province of \r\n3\r\n[the Punjab]. \r\nPreamble.– WHEREAS it is expedient to continue and levy certain taxes and \r\nsurcharges in 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, 1968. \r\n(2) It shall come into force on and from the first day of July, 1968. \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. Surcharge on Agricultural Income-tax in certain Districts.– (1) There shall \r\nbe levied and collected from every owner of land which is assessed to agricultura l \r\nincome-tax in the Districts of \r\n7\r\n[* * *] Compbellpur\r\n8\r\n, Dera Ghazi Khan, Gujranwala, \r\nGujrat, Jhelum, Jhang, Lahore\r\n9\r\n, Lyallpur\r\n10\r\n, Mianwali, Multan\r\n11\r\n, Muzaffargarh, \r\nRawalpindi, Sahiwal, Sargodha, Sheikhupura and Sialkot, on the land -revenue \r\n                                                           \r\n1For statement of o bjects and reasons, see Gazette of West Pakistan (Extraordinary), 1968, dated 11th June, 1968, pages \r\n2153-U to 2153-AA. \r\nThis Act was passed by the Provincial Assembly West Pakistan on 29th June, 1968; assented to by the Governor of West \r\nPakistan on 29th Ju ne, 1968; and published in the Gazette of West Pakistan (Extraordinary), dated 29th June, 1968, pages \r\n2239-2245. \r\n2Substituted for the words “West Pakistan” by the Punjab Laws (Adaptation) Order, 1974 (P.O. No.1 of 1974),w.e.f. 14.8.1973, \r\nArticle 2 and the Schedule; and published in the Punjab Gazette(Extraordinary), dated 20.11.1974, pages 1425-A to 1425-PP. \r\n3Substituted for the words “West Pakistan” by the Punjab Laws (Adaptation) Order, 1974 (P.O. No.1 of 1974),w.e.f. 14.8.1973, \r\nArticle 2 and the Schedule; and published in the Punjab Gazette(Extraordinary), dated 20.11.1974, pages 1425-A to 1425-PP. \r\n4Substituted for the words “West Pakistan” by the Punjab Laws (Adaptation) Order, 1974 (P.O. No.1 of 1974),w.e.f. 14.8.1973, \r\nArticle 2 and the Schedule; and published in the Punjab Gazette(Extraordinary), dated 20.11.1974, pages 1425-A to 1425-PP. \r\n5Substituted for the words “West Pakistan” by the Punjab Laws (Adaptation) Order, 1974 (P.O. No.1 of 1974),w.e.f. 14.8.1973, \r\nArticle 2 and the Schedule; and published in the Punjab Gazette(Extraordinary), dated 20.11.1974, pages 1425-A to 1425-PP. \r\n6Substituted for the words “West Pakistan” by the Punjab Laws (Adaptation) Order, 1974 (P.O. No.1 of 1974),w.e.f. 14.8.1973, \r\nArticle 2 and the Schedule; and published in the Punjab Gazette(Extraordinary), dated 20.11.1974, pages 1425-A to 1425-PP. \r\n7Deleted t he words  and commas  “Bannu, Dera Ismail Khan, Hazara, Mardan, Kohat, Peshwar ,” by the Punjab Laws \r\n(Adaptation) Order, 1974 (P.O. No.1 of 1974),w.e.f. 14.8.1973, Article 2 an d the Schedule; and published in the Punjab \r\nGazette(Extraordinary), dated 20.11.1974, pages 1425-A to 1425-PP. \r\n8Now “Attock”. \r\n9Now bifurcated into “Lahore and Kasur” Districts. \r\n10Now “Faisalabad”. \r\n11Now bifurcated into Multan and Vehari Districts. \r\npayable in the agricultural year 1967-68, an additional amount of agricultural income-\r\ntax by way of surcharge at the rate specified in the First Schedule. \r\nExplanation.– For purposes of this section, “agricultural year” means the agricultural \r\nyear as defined in the West Pakistan Land Revenue Act, 1967\r\n12\r\n. \r\n(2) The provisions of \r\n13\r\n[* * *] the Punjab Agricultural Income -Tax Act, \r\n1951\r\n14\r\n, shall, so far as may be, apply to the assessment, collection and recovery of \r\nthe surcharge imposed under this section. \r\n3. Tax on cinemas. – There shal l 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 1968-69:– \r\n(i) In the case of a cinema classed as a first class cinema. \r\nOne thousand rupees. \r\n(ii) In the case of a cinema classed as a second class cinema.  \r\nFive hundred rupees. \r\n(iii) In the case of a cinema classed as a third class cinema. \r\nOne hundred rupees. \r\n4. Surcharge on motor vehicles tax. – There shall be levied and collected in \r\nany area in which a tax is imposed on motor vehicles by or under any enactment in \r\nforce in \r\n15\r\n[the Punjab], a surcharge on such tax, payable by the person by whom the \r\ntax is payable, at the following rates for the financial year 1968-69:– \r\n(i) Motor vehicles used for the transport or carriage of goods and \r\nmaterials. Twenty-five rupees. \r\n(ii) Motor vehicles plying for hire and licensed to carry more than eight \r\npersons. Fifty rupees. \r\n5. Tax on railway fares and freights .– Until the 30th day of June, 1969, 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\n6. Amendment of section 12 of W.P. Act XXXIV of 1964.– In section 12 of the \r\n16\r\n[Punjab] Finance Act, 1964 (XXXIV of 1964), for sub -section (4), the following sub -\r\nsection shall be substituted, namely:- \r\n“(4) The proceeds of the cess shall be utilised for– \r\n(i) special maintenance and development of roads and bridges and \r\nspecial plant protection services in the areas comprising the Mill \r\nZones; \r\n                                                           \r\n12W.P. Act XVII of 1967. \r\n13Deleted t he words “the North -West Frontier Province Agricultu ral Income -Tax Act, 1948, and” by the Punjab Laws \r\n(Adaptation) Order, 1974 (P.O. No.1 of 1974),w.e.f. 14.8.1973, Article 2 and the Schedule; and published in the Punjab \r\nGazette(Extraordinary), dated 20.11.1974, pages 1425-A to 1425-PP. \r\n14Punjab X of 1951.  \r\n15Substituted ibid., for “West Pakistan”. \r\n16Substituted by the Punjab Laws (Adaptation) Order, 1974 (Pb A.O. 1 of 1974), for West Pakistan. \r\n(ii) maintenance and development of such roads and  bridges \r\noutside the Mill Zones, as in the opinion of Government, are \r\nprimarily used for sugar-cane traffic; and \r\n(iii) other activities directed towards the development of sugarcane \r\nproduction.”. \r\n7. Penalty.– If the person responsible for the payment of th e tax under section 3 \r\nfails to pay the tax within the period prescribed under the rules for its payment , he \r\nshall be liable to pay, in addition to the amount of such tax, a penalty not exceeding \r\nthe amount of the tax payable. \r\n8. Application of existing law s.– 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[the Punjab ], the procedure provided in such \r\nenactment and the rules framed thereunder for the  assessment, collection and \r\nrecovery of such tax, shall, so far as applicable, apply to the assessment, collection \r\nand recovery of the additional tax or surcharge. \r\n9. Bar of suits in Civil Courts. – No suit shall lie in any Civil Court to set aside \r\nor modify any assessment, levy or collection of a tax or surcharge made under this \r\nAct and the rules thereunder or any penalty imposed under section 7. \r\n10. Power to make rules .– (1) The Provincial Government may make rules for \r\ncarrying into effect the purposes of this Act, and such rules may, among other \r\nmatters, prescribe the procedure for the assessment, collection and payment of any \r\ntax levied or the imposition of any penalty under this Act, in so far as such procedure \r\nis 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\n18\r\n[Punjab] Finance Act, 1967, shall, so far as may be, \r\nbe continued and be deemed to have been made under this Act. \r\n                                                           \r\n17Ibid. \r\n18Substituted by the Punjab Laws (Adaptation) Order, 1974 (Pb A.O. 1 of 1974), for “West Pakistan”. \r\nFIRST SCHEDULE \r\n(See section 2) \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 not \r\nexceed Rs. 499. \r\nRupees twelve. \r\nWhere the total land-revenue payable exceeds Rs. 499 but does not \r\nexceed Rs. 749. \r\nRupees twenty- \r\nfour. \r\nWhere the total land-revenue payable exceeds Rs. 749 but does not \r\nexceed Rs. 999. \r\nRupees fifty. \r\nWhere the total land-revenue payable exceeds Rs. 999 but does not \r\nexceed Rs. 1,999. \r\nRupees one \r\nhundred. \r\nWhere the total land-revenue payable exceeds Rs. 1,999 but does not \r\nexceed Rs. 4,999. \r\nRupees two \r\nhundred and \r\nfifty. \r\nWhere the total land-revenue payable exceeds Rs. 4,999 but does not \r\nexceed Rs. 9,999. \r\nRupees five \r\nhundred. \r\nWhere the total land-revenue payable exceeds Rs. 9,999. Rupees one \r\nthousand. \r\n \r\nSECOND SCHEDULE \r\n(See section 5) \r\nPART–I \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 ticket 6 paisa. \r\nProvided that no tax shall be levied where the fare does not exceed Rs.3. \r\nPART–II \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 not \r\nexceed Rs.25. \r\nTwelve paisa. \r\nWhere the freight on any consignment exceeds Rs.25but does not \r\nexceed Rs.50. \r\nTwenty-five paisa. \r\nWhere the freight on any consignment exceeds Rs.50 but does not \r\nexceed Rs.75. \r\nFifty paisa. \r\nWhere the freight on any consignment exceeds Rs.75 but does not \r\nexceed Rs.100. \r\nOne rupee. \r\nWhere the freight on any consignment exceeds Rs.100 but does not \r\nexceed Rs.150. \r\nTwo rupees. \r\nWhere the freight on any consignment exceeds Rs.150 but does not \r\nexceed Rs.225. \r\nThree rupees. \r\nWhere the freight on any consignment exceeds Rs.225 but does not \r\nexceed Rs.300. \r\nFour rupees. \r\nWhere the freight on any consignment exceeds Rs.300 Four rupees plus \r\none rupee for every \r\nhundred rupees in \r\nexcess of three \r\nhundred rupees of \r\nfreight.",
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