PUNJAB FINANCE ACT 2014
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THE PUNJAB FINANCE ACT 2014 (XVII of 2014)
FIRST SCHEDULE SECOND SCHEDULE
TEXT 1THE PUNJAB FINANCE ACT 2014 (XVII of 2014) [26th June, 2014] An Act to levy, alter and rationalize certain taxes, fees and duties in the Punjab. Whereas it is expedient to levy, alter and rationalize certain taxes, fees and duties in the Punjab; and to regulate the connected matters; It is enacted as follows:
Section 1. Short title, extent and commencement
(1) This Act may be cited as the Punjab Finance Act 2014.
(2) It extends to whole of the Punjab.
(3) It shall come into force on the first day of July 2014 except the provisions of clauses (a) and (b) of section 3 which shall come into force on such date as the Government may, by notification, specify.
Section 2. Amendment in Act II of 1899
In the Stamp Act, 1899 (II of 1899), in Schedule I, the following amendments shall be made:
(a) at Sr. No. 4, for the words “Twenty rupees”, the words “Fifty rupees” shall be substituted;
(b) at Sr. No. 5, against clause (cc), for the words “One hundred rupees”, the words “Twelve hundred rupees” shall be substituted;
(c) at Sr. No. 12, for the words “Two percent”, the words “Three percent” shall be substituted;
(d) at Sr. No. 17, for the words “Fifty rupees”, the words “One hundred rupees” shall be substituted;
(e) at Sr. No. 18, for the words “Two percent”, the words “Three percent” shall be substituted;
(f) at Sr. No. 22-A, in clause (a):
(i) in sub-clause (i), for the words “One hundred rupees”, the words “Two hundred rupees” shall be substituted;
(ii) in sub-clause (ii), for the words “Two hundred rupees”, the words “Five hundred rupees” shall be substituted;
(iii) in sub-clause (iii), for the words “Five hundred rupees”, the words “One thousand rupees” shall be substituted;
1This Act was passed by the Punjab Assembly on 24 June 2014; assented to by the Governor of the Punjab on 25 June 2014; and, was published in the Punjab Gazette (Extraordinary), dated 26 June 2014, pages 4169-4178
(iv) in sub-clause (iv), for the words “Seven hundred and fifty rupees”, the words “Fifteen hundred rupees” shall be substituted; and
(v) in sub-clause (v), for the words “One thousand rupees”, the words “Two thousand rupees” shall be substituted;
(g) at Sr. No. 23, in clause (a), for the words “Two percent”, the words “Three percent” shall be substituted;
(h) at Sr. No. 27-A, for the words “Two percent”, the words “Three percent” shall be substituted;
(i) at Sr. No. 29, for the words “Thirty rupees”, the words “One hundred rupees” shall be substituted;
(j) at Sr. No. 31, for the words “two percent”, the words “Three percent” shall be substituted;
(k) at Sr. No. 33, for the words “Two percent”, the words “Three percent” shall be substituted;
(l) at Sr. No. 40, for the words “Two percent”, wherever occur, the words “Three percent” shall be substituted;
(m) at Sr. No. 46:
(i) in clause (a), for the words “One hundred rupees”, the words “Two hundred rupees” shall be substituted; and
(ii) in clause (b), for the words “Five hundred rupees”, the words “One thousand rupees” shall be substituted;
(n) at Sr. No. 48:
(i) in clause (b), for the words “Two percent”, the words “Three percent” shall be substituted; and
(ii) in clause (bb), for the words “One thousand rupees”, the words “Twelve hundred rupees” shall be substituted;
(o) at Sr. No. 55, for the words “Two percent”, the words “Three percent” shall be substituted;
(p) at Sr. No. 58, in clause A, for the words “Two percent”, wherever occur, the words “Three percent” shall be substituted;
(q) at Sr. No. 63, for the words “Two percent”, the words “Three percent” shall be substituted;
(r) at Sr. No. 63-A, for the words “Two percent”, the words “Three percent” shall be substituted; and
(s) at Sr. No. 64, for the words “One hundred rupees”, wherever occur, the words “Two hundred rupees” shall be substituted.
Section 3. Amendment in Act V of 1958
In the Punjab Urban Immovable Property Tax Act, 1958 (V of 1958):
(a) in section 3, in subsection (2), for the word “twenty”, the word “five” shall be substituted;
(b) in section 4:
(i) in clause (c):
(a) in sub-clause (i), for the words “one thousand and eighty”, the words “four thousand three hundred and twenty” shall be substituted; and
(b) in sub-clause (ii), for the words “one thousand six hundred and twenty”, the words “six thousand four hundred and eighty” shall be substituted; and
(ii) in clause (g), for the words “forty-eight thousand and six hundred”, the words “two hundred forty three thousand” shall be substituted; and
(c) in section 7, in subsection (2), for the expression “on the first day of July or the first day of January as the case may be, next following the date on which it is finally approved by the assessing authority”, the words “on the date notified by the Government after the approval of the valuation list by the assessing authority” shall be substituted.
Section 4. Amendment in Act XXXII of 1958
In the Punjab Motor Vehicles Taxation Act, 1958 (XXXII of 1958), in the Schedule:
(a) at S.No.4:
(i) in column No. 2, for the expression “Motor vehicles (motor cars or jeeps) other than those mentioned above and having”, the expression “Motor vehicles (motor cars or jeeps) other than those mentioned above or below, and having” shall be substituted; and
(ii) in column No. 3, for the existing entries, the following shall, respectively, be substituted:
“Rs. 500/-
Rs. 1800/-
Rs. 6000/-
Rs. 9000/-
Rs. 12000/-
Rs. 15000/-
Rs. 2500/- per seat
Rs. 300/- per seat.” 2[(b) * * * * * * * * * * * ]
Section 5. Amendment in Act I of 1965
In the Punjab Finance Act, 1965 (I of 1965), section 12 shall be omitted.
2Omitted by the Punjab Finance Act 2019 (XV of 2019), published in the Punjab Gazette (Extraordinary), dated: 28 June 2019,
pp. 4105-4114, s. 7.
Section 6. Amendments in Act XLII of 2012
In the Punjab Sales Tax on Services Act 2012 (XLII of 2012):
(a) in section 2:
(i) in clause (6), for the words “any law”, the expression “the Punjab Revenue Authority Act 2012 (XLIII of 2012)” shall be substituted;
(ii) in clause (29), after sub-clause (a), the following sub-clause (aa) shall be inserted:
“(aa) an association of persons;”
(iii) in clause (38), in the “Explanation”, after the word “supply”, a comma and the word “, disposition” shall be inserted; and
(iv) in clause (43), in sub-clause (d), after the word “underpaying”, the words “or not paying” shall be inserted;
(b) in section 7, in subsection (1), after the words “The value of a taxable service is the”, the words “gross amount of” shall be inserted;
(c) in section 25, after subsection (5), the following explanation shall be inserted:
“Explanation.– Unless otherwise specified, no person shall be absolved of any tax liability for want of registration under this Act or the rules.”;
(d) after section 29, the following section 29A shall be inserted:
“29A. Restoration of registrations.– The Authority may, subject to conditions as may be prescribed, reactivate, revive, reinstate or restore any registration which has been de-activated, suspended or cancelled for any reason or under any circumstances.”;
(e) in section 31:
(i) in subsection (1), after the words “A registered person providing taxable service”, the words “or a person required to pay tax under this Act or rules” shall be inserted; and
(ii) in subsection (2), after the word “providing”, the words “or receiving” shall be inserted.”;
(f) in section 48, in subsection (2), in the TABLE:
(i) at S.No.1, in column No. 3, for the words “ten thousand”, the words “fifty thousand” shall be substituted; and
(ii) at S.No.10, in column No. 2, after the word “both”, for the full stop, a colon shall be substituted and thereafter the following proviso shall be inserted:
“Provided that where any recipient of a service does not pay the amount of tax due to be paid to a service provider, such recipient shall also be liable to action for obstruction under this provision.”;
(g) in section 52, in subsection (1), for the words “three years”, the words “five years” shall be substituted;
(h) in section 70, after subsection (2), the following subsection (3) shall be inserted:
“(3) For the purpose of recovery of tax, penalty or any other demand or sum under this Act or the rules, the Authority or the officer of the Authority may exercise the powers of a Civil Court under the Code of Civil Procedure, 1908 (V of 1908) for recovery of an amount due under a decree and, in such an eventuality, the Authority or the officer of the Authority shall be deemed to be a Civil Court.”;
(i) in the Second Schedule:
(i) at S.No.1:
(a) in column No. 2, after the word “clubs” the words “including race clubs” shall be inserted; and
(b) in column No. 3, after the figure and comma, “9801.6000,” the figure and comma “9830.0000,” shall be inserted;
(ii) at S.No.4:
(a) in column No. 2, after the word “services”, the words “including cargo services by road passenger transportation businesses and transportation through pipeline and conduit services” shall be inserted; and
(b) in column No. 3, after the figure “9808.0000”, the word and the figure “and 9804.9000” shall be inserted;
(iii) at S.No.8, in column No. 2, for the existing entry, the following shall be substituted:
“Services provided by banking companies, cooperative financing societies, modarbas, musharikas, ijarahs, leasing companies, non-banking financial institutions and other persons, businesses or enterprises providing or dealing in any such services.”
(iv) at S.No.1:
(a) in column No. 2, after the word “restaurants”, the words and brackets “including cafes, food (including ice-
cream) parlors, coffee houses, coffee shops, deras, food huts, eateries, resorts and similar cooked, prepared or ready-to-eat food service outlets etc” shall be inserted; and
(b) in column No. 3, after the figure “9801.2000”, the word and figure, “and 9801.9000” shall be inserted;
(v) at S.No.13:
(a) in column No. 2, after the word “service”, the words “including intellectual property rights services “shall be inserted; and
(b) in column No. 3, after the figure “9823.0000”, the word and the figure “and 9839.0000” shall be inserted;
(vi) at S.No.14, in column
No. 2, under the caption “EXCLUDING”, in paragraph (i), after the word “million”, the words “per annum” shall be inserted;
(vii) at S.No.18, in column
No. 2, under the caption “EXCLUDING,” for paragraph (iv), the following shall be substituted:
“(iv) the facility of air-conditioning is not installed or available in the premises.”;
(viii) at S.No.19, in column No. 2, after the word “asset”, the bracket and words “(including investment)” shall be inserted;
(ix) at S.No.23:
(a) in column No. 2, after the word “consultants” the words “including technical inspection and certification services, quality control (standards’ certification), technical analysis and testing, erection, commissioning and installation services” shall be inserted; and
(b) in column No. 3, after the figure “9819.9400”, the figures and comma “9861.0000, 9815.5000” shall be inserted;
(x) at S.No.24:
(a) in column No. 2, after the word “consultants”, the words “including but not limited to human resource and personnel development services, exhibition or convention services, event management services, valuation services (including competency and eligibility testing services), market research services and credit rating services” shall be inserted; and
(b) in column No. 3, after the figure “9815.9000”, the expression “9832.0000, 9827.0000, 9818.3000, 9818.2000, 9819.9300, 9852.0000 and 9859.0000” shall be inserted;
(xi) at S.No.25:
(a) in column No. 2, after the word “operators”, the words “and travel agents including all their allied services or facilities” shall be inserted; and
(b) in column No. 3, after the figure “9805.5100”, the figures and the word “9805.5000 and 9803.9000” shall be inserted;
(xii) at S.No.26, in column No. 2, the words “including labour and manpower supplies” shall be inserted;
(xiii) at S.No.30:
(a) in column No. 2, for the existing entry, the following shall be substituted:
“Share transfer or depository agents including services
provided through manual or electronic book-entry system used to record and maintain securities and to register the transfer of shares, securities and derivatives.”; and
(b) in column No. 3, for the figures, the words “respective headings” shall be inserted;
(xiv) at S.No.32:
(a) in column No. 2, after the word “dealers” the words “and realtors” shall be inserted; and
(b) in column No. 3, after the figure “9806.2000”, the word and the figure “and 9844.0000” shall be inserted;
(xv) at S.No.33:
(a) in column No. 2, after the word “designers”, the words and brackets “whether relating to textile, leather, jewellery or other product regimes including allied services such as cutting, stitching, printing, manufacturing, fabrication, assembly, embellishment, adornments, display (including marketing, packing and delivery etc.)” shall be inserted; and
(b) in column No. 3, after the figure “9834.0000”, the word and figure “and 9819.6000” shall be inserted;
(xvi) at S.No.36, in column No. 3, after the figure “9806.3000”, the word and the figure “and 9845.0000” shall be inserted;
(xvii) at S.No.37:
(a) in column No. 2, after the bracket at the end, the words “including industrial and commercial packaging services and similar outsourcing of industrial or commercial processes” shall be inserted; and
(b) in column No. 3, after the figure, “9868.0000’, the figures and the word, “9841.0000 and 9819.1400” shall be inserted; and
(xviii) after S.No.37, in column Nos. 1 to 4, the following entries shall be inserted:
S.
No. Description Classification Rate of Tax
(1)
(2)
(3)
(4)
“38 Services provided by specialized workshops or undertakings (auto- workshops;
workshops for industrial machinery, construction and earth-moving machinery or other special purpose machinery etc; workshops for electric or electronic equipments or appliances
etc. including computer hardware; car washing or similar service stations and other workshops). 98.20 Sixteen percent 39 Services provided for specified purposes including fumigation services, maintenance and repair (including building and equipment maintenance and repair including after sale services) or cleaning services, janitorial services, dredging or desilting services and other similar services etc. 98.22 and 9860.0000 Sixteen percent 40 Brokerage (other than stock) and indenting services including commission agents, under-writers and auctioneers. 9829.0000, 9819.1200, 9819.1100, 9819.1300 and 9819.9100 Sixteen percent 41 Call centres. 9865.0000 Ninetee n and a half percent 42 Services provided by laboratories other than services relating to pathological or diagnostic tests for patients. 9816.0000 and 98.17 Sixteen percent 43 Services provided in specified fields such as health care, gym, physical fitness, indoor sports, games and body or sauna massage etc. 9821.1000 and 9821.2000 9821.4000 Sixteen percent 44 Services provided by laundries and dry cleaners. 9811.0000 Sixteen percent 45 Services provided by cable TV operators. 9819.9000 Sixteen percent 46 Services provided by TV or radio program producers or production houses. 9828.0000 Sixteen percent
47 Advertisements (including classified ads) in newspapers, magazines, journals and periodicals. 9802.4000 Five percent”
Section 7. Amendment in Act XVI of 2013
In the Punjab Finance Act 2013 (XVI of 2013):
(a) in section 2, clause (a) shall be omitted; and
(b) section 10 shall be omitted.
Section 8. Luxury house tax
(1) Subject to the provisions of this section, there shall be charged, levied, assessed and paid a tax, known as luxury house tax, on categories of residential house and at such rate as specified in the First Schedule, located on the immoveable property in the limits of: (a) a notified rating area under the Punjab Urban Immoveable Property Tax Act, 1958 (V of 1958); (b) a cantonment under the Cantonment Act, 1924 (II of 1924); and (c) any other area within the Province as notified by the Government at the rate specified for the remaining rating areas and cantonments under the First Schedule.
(2) The tax shall be charged, levied, assessed and paid in addition to any other tax charged and collected under any other law for the time being in force and shall be the first charge upon the residential house.
(3) The liability to pay the tax shall be of the owner or occupant, jointly and severally.
(4) The tax shall be paid once either in lump sum on or before September 30, 2014 or in four equal quarterly instalments with first instalment payable on or before September 30, 2014 and the subsequent three equal instalments being payable on or before the last day of each concerned quarter.
(5) In the event a residential house is constructed after the commencement of this Act, the tax shall be charged, levied, assessed and paid in the above manner and, in such a case, the tax shall be payable in lump sum on or before the last day of the first quarter falling after the completion of construction and, in case of payment in instalments, first instalment being payable on or before last day of the first quarter falling after the completion of construction and the subsequent three equal instalments being payable on or before the last day of each concerned quarter thereafter.
(6) In case of lump sum payment, a rebate @ 10% shall be admissible if tax is paid on or before the date fixed for payment.
(7) Any person who fails to pay the tax or any part thereof within the prescribed time limit, whether wilfully or otherwise, shall in addition to the amount of the tax be liable to pay default surcharge at the rate of one percent per month of the amount of tax due under this section.
(8) Notwithstanding the provisions of subsection (1), an area, residential house or a person specified in any of the categories mentioned in the Second Schedule shall be exempt from the levy and payment of the tax.
(9) Notwithstanding the provisions of subsections (1) and (8):
(a) the Government may, by notification in the official Gazette, exempt any area within the limits specified in subsection (1), or any residential house or person, from the whole or any part of the tax chargeable under this section, subject to the conditions and limitations specified in the notification; and
(b) the grievance committee may in an individual case of hardship, by special order in each case stating the reasons, exempt any residential house as may be specified from payment of the whole or any part of the tax charged under subsection (1) or from the payment of default surcharge under subsection (7).
(10) Subject to the provisions of this section, the tax including surcharge payable under subsection (7) shall, as nearly as possible, be paid, recovered, administered and regulated as if it is a tax under the Punjab Urban Immoveable Property Tax Act, 1958 (V of 1958).
(11) In case of any dispute relating to tax or exemption from the payment of the tax, a person may file an application before the grievance committee and subject to subsection (12), decision of the grievance committee on such dispute shall be
final.
(12) Any person or an officer aggrieved by the decision of a grievance committee may, within fifteen days from the date of communication of the decision, prefer an appeal to the 3[Additional Director General, Excise and Taxation, Punjab].
(13) The Government may make rules for carrying out the purposes and giving effect to the provisions of this section.
(14) In this section:
(a) “completion of construction” means the day when a house is ready for occupation or two years from the date of installation of electricity connection, whichever is earlier;
(b) “covered area” means the built up area included in the floor of a residential house and where a residential house has more than one floor, the aggregate area in all the floors together;
(c) “grievance committee” means a committee of three officers notified by the Government to discharge the functions under this section in any area specified in the notification;
(d) “residential house” means building or any other structure built on immoveable property measuring two kanals or more and having a minimum covered area of six thousand square feet; and
(e) “tax” means the luxury house tax on a residential house charged, levied and assessed under this section.
(15) A word or term used in this section but not defined shall have the same meaning as assigned to it under the Punjab Urban Immoveable Property Tax Act, 1958 (V of 1958).
3Substituted for the word “Government” by the Punjab Finance (Amendment) Act 2023 (IX of 2023), published in the Punjab Gazette (Extraordinary), dated: 17 February 2023, pp. 3883, s.2.
(16) Notwithstanding the omission of section 10 of the Punjab Finance Act 2013 (XVI of 2013), if a person has paid whole or part of the tax under that section, he may claim adjustment of an equivalent amount from the tax charged, levied, assessed and payable under this section.
FIRST SCHEDULE
[See section 8(1)]
Location Category of Residential House 4[Rate of Tax on Residential Houses with completion of construction from 01.01.2001 to 30.06.2022] 5[Rate of Tax on Residential Houses with completion of construction from 01.07.2022 In Lahore District including Lahore Cantonment and Walton Cantonment
(1) Two Kanals or above with covered area more than six thousand square feet.
------------------
(2) Eight Kanals or above with covered area more than twelve thousand square feet.
(1) Rs. 200,000/- per Kanal subject to a maximum of Rs. 2000,000/- -----------------------
(2) Rs. 300,000/- per Kanal subject to a maximum of Rs. 3,600,000/-
(1) Rs.300,000/- per Kanal subject to a maximum of Rs.2,500,000/- ……………….……… …
(2) Rs.400,000/- per Kanal subject to a maximum of Rs.4,000,000/- In rating areas of Divisional Headquarters District 6[other than Lahore] and all the Cantonments in the District of Divisional Headquarters
(1) Two Kanals or above with covered area more than six thousand square feet.
-------------------
(2) Eight Kanals or above with covered area more than twelve thousand square feet.
(1) Rs. 150,000/- per Kanal subject to a maximum of Rs. 1,500,000/- -------------------------
(2) Rs. 250,000/-per Kanal subject to a maximum of Rs. 3,000,000/-
(1) Rs.200,000/- per Kanal subject to a maximum of Rs.1,800,000/- .……………………… …
(2) Rs.300,000/- per Kanal subject to a maximum of Rs.3,500,000/- In remaining rating areas and Cantonments
(1) Two Kanals or above with covered area more than six
(1) Rs.100,000/- per Kanal subject to a maximum of Rs. 1000,000/-
(1) Rs.125,000/- per Kanal subject to a maximum of Rs.1,500,000/-
4Substituted by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24th June 2022, pp. 6339-6345, s.5.
5Added by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24th June 2022,
pp. 6339-6345, s.5.
6Inserted by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24th June 2022,
pp. 6339-6345, s.5.
thousand square feet. ------------------
(2) Eight Kanals or above with covered area more than twelve thousand square feet.
-------------------------
(2) Rs.200,000/- per Kanal subject to maximum of Rs. 2,400,000/- ……………………… …
(2) Rs.225,000/- per Kanal subject to a maximum of Rs.2,500,000/-.] *Provided that for calculating tax for an additional area less than one Kanal, pro rata rates for each full marla shall be applied and area less than one marla shall be excluded.
SECOND SCHEDULE
[See section 8(8)]
1. A residential house with completion of construction before the first day of January 2001; or
2. An existing residential house which is owned by a person on the basis of opening of inheritance before coming in force of this Act; or
3. A residential house or part thereof, owned by a widow by way of inheritance and used for her permanent residence, provided that if the widow owns more than one residential house liable to tax, she shall be entitled to exemption only in respect of one residential house; or
4. Residential house used for some other permissible use after compliance with applicable law and during such period of compliance.
Print contents from the source
CONTENTS 1. Short title, extent and commencement 2. Amendment in Act II of 1899 3. Amendment in Act V of 1958 4. Amendment in Act XXXII of 1958 5. Amendment in Act I of 1965 6. Amendments in Act XLII of 2012 7. Amendment in Act XVI of 2013 8. Luxury house tax
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THE PUNJAB FINANCE ACT 2014
(XVII of 2014)
CONTENTS
1. Short title, extent and commencement
2. Amendment in Act II of 1899
3. Amendment in Act V of 1958
4. Amendment in Act XXXII of 1958
5. Amendment in Act I of 1965
6. Amendments in Act XLII of 2012
7. Amendment in Act XVI of 2013
8. Luxury house tax
FIRST SCHEDULE
SECOND SCHEDULE
TEXT
1
THE PUNJAB FINANCE ACT 2014
(XVII of 2014)
[26th June, 2014]
An
Act
to levy, alter and rationalize certain taxes, fees and duties in the Punjab.
Whereas it is expedient to levy, alter and rationalize certain taxes, fees and
duties in the Punjab; and to regulate the connected matters;
It is enacted as follows:
1. Short title, extent and commencement .– (1) This Act may be c ited as the
Punjab Finance Act 2014.
(2) It extends to whole of the Punjab.
(3) It shall come into force on the first day of July 2014 except the
provisions of clauses (a) and (b) of section 3 which shall come into force on such
date as the Government may, by notification, specify.
2. Amendment in Act II of 1899 .– In the Stamp Act, 1899 ( II of 1899 ), in
Schedule I, the following amendments shall be made:
(a) at Sr. No. 4, for the words “ Twenty rupees”, the words “Fifty rupees”
shall be substituted;
(b) at Sr. No. 5, against clause (cc), for the words “ One hundred rupees”,
the words “Twelve hundred rupees” shall be substituted;
(c) at Sr. No. 12, for the words “T wo percent”, the words “ Three percent”
shall be substituted;
(d) at Sr. No. 17, for the words “F ifty rupees” , the words “One hundred
rupees” shall be substituted;
(e) at Sr. No. 18, for the words “ Two percent”, the words “ Three percent”
shall be substituted;
(f) at Sr. No. 22-A, in clause (a):
(i) in sub-clause (i), for the words “One hundred rupees”, the words
“Two hundred rupees” shall be substituted;
(ii) in sub -clause (ii), for the words “ Two hundred rupees”, the
words “Five hundred rupees” shall be substituted;
(iii) in sub -clause (iii), for the words “ Five hundred rupees”, the
words “One thousand rupees” shall be substituted;
1This Act was passed by the Punjab Assembly on 24 June 2014; assented to by the Governor of the Punjab on 25 June 2014;
and, was published in the Punjab Gazette (Extraordinary), dated 26 June 2014, pages 4169-4178
(iv) in sub -clause (iv), for the words “ Seven hundred and fifty
rupees”, the words “ Fifteen hundred rupees” shall be
substituted; and
(v) in sub -clause (v), for the words “ One thousand rupees”, the
words “Two thousand rupees” shall be substituted;
(g) at Sr. No. 23, in clause (a), fo r the words “ Two percent” , the words
“Three percent” shall be substituted;
(h) at Sr. No. 27-A, for the words “Two percent”, the words “Three percent”
shall be substituted;
(i) at Sr. No. 29, for the words “T hirty rupees”, the words “One hundred
rupees” shall be substituted;
(j) at Sr. No. 31, for the words “ two percent”, the words “T hree percent”
shall be substituted;
(k) at Sr. No. 33, for the words “T wo percent”, the words “ Three percent”
shall be substituted;
(l) at Sr. No. 40, for the words “ Two percent”, wherever occur, the words
“Three percent” shall be substituted;
(m) at Sr. No. 46:
(i) in clause (a), for the words “ One hundred rupees” , the words
“Two hundred rupees” shall be substituted; and
(ii) in clause (b), for the words “ Five hundred rupees” , the words
“One thousand rupees” shall be substituted;
(n) at Sr. No. 48:
(i) in clause (b), for the words “ Two percent”, the words “Three
percent” shall be substituted; and
(ii) in clause (bb), for the words “One thousand rupees”, the words
“Twelve hundred rupees” shall be substituted;
(o) at Sr. No. 55, for the words “ Two percent”, the words “Three percent”
shall be substituted;
(p) at Sr. No. 58, in clause A, for the words “Two percent”, wherever occur,
the words “Three percent” shall be substituted;
(q) at Sr. No. 63, for the words “ Two percent”, the words “Three percent”
shall be substituted;
(r) at Sr. No. 63-A, for the words “Two percent”, the words “Three percent”
shall be substituted; and
(s) at Sr. No. 64, for the words “One hundred rupees”, wherever occur, the
words “Two hundred rupees” shall be substituted.
3. Amendment in Act V of 1958 .– In the Punjab Urban Immovable Property
Tax Act, 1958 (V of 1958):
(a) in section 3, in subsection (2), for the word “twenty”, the word “five”
shall be substituted;
(b) in section 4:
(i) in clause (c):
(a) in sub-clause (i), for the words “one thousand and eighty”,
the words “four thousand three hundred and twenty” shall
be substituted; and
(b) in sub -clause (ii), for the words “one thousand six
hundred and twenty” , the words “six th ousand four
hundred and eighty” shall be substituted; and
(ii) in clause (g), for the words “forty -eight thousand and six
hundred”, the words “two hundred forty three thousand” shall be
substituted; and
(c) in section 7, in subsection (2), for the expressi on “on the first day of
July or the first day of January as the case may be, next following the
date on which it is finally approved by the assessing authority”, the
words “on the date notified by the Government after the approval of the
valuation list by the assessing authority” shall be substituted.
4. Amendment in Act XXXII of 1958 .– In the Punjab Motor Vehicles Taxation
Act, 1958 (XXXII of 1958), in the Schedule:
(a) at S.No.4:
(i) in column No. 2, for the expression “Motor vehicles (motor cars
or jeeps ) other than those mentioned above and having”, the
expression “Motor vehicles (motor cars or jeeps) other t han
those mentioned above or below, and having ” shall be
substituted; and
(ii) in column No. 3, for the existing entries, the following shall,
respectively, be substituted:
“Rs. 500/-
Rs. 1800/-
Rs. 6000/-
Rs. 9000/-
Rs. 12000/-
Rs. 15000/-
Rs. 2500/- per seat
Rs. 300/- per seat.”
2
[(b) * * * * * * * * * * * ]
5. Amendment in Act I of 1965 .– In the Punjab Finance Act, 1965 ( I of 1965 ),
section 12 shall be omitted.
2Omitted by the Punjab Finance Act 2019 (XV of 2019), published in the Punjab Gazette (Extraordinary), dated: 28 June 20 19,
pp. 4105-4114, s. 7.
6. Amendments in Act XLII of 2012.– In the Punjab Sales Tax on Services Act
2012 (XLII of 2012):
(a) in section 2:
(i) in clause (6), for the words “any law”, the expression “the Punjab
Revenue Authority Act 2012 (XLIII of 2012)” shall be substituted;
(ii) in clause (29), after sub-clause (a), the following sub-clause (aa)
shall be inserted:
“(aa) an association of persons;”
(iii) in clause (38), in the “Explanation”, after the word “supply”, a
comma and the word “, disposition” shall be inserted; and
(iv) in clause (43), in sub-clause (d), after the word “underpaying”,
the words “or not paying” shall be inserted;
(b) in section 7, in subsection (1), after the word s “The value of a taxable
service is the”, the words “gross amount of” shall be inserted;
(c) in section 25, after subsection (5), the following explanation shall be
inserted:
“Explanation.– Unless otherwise specified, no person shall be
absolved of any tax liability for want of registration under this Act or the
rules.”;
(d) after section 29, the following section 29A shall be inserted:
“29A. Restoration of registrations .– The Authority may , subject to
conditions as may be prescribed, reactivate, revive, reinstate or restore
any registration which has been de -activated, suspended or cancelled
for any reason or under any circumstances.”;
(e) in section 31:
(i) in subsection (1), after the word s “A registered person providing
taxable service”, the words “or a person required to pay tax
under this Act or rules” shall be inserted; and
(ii) in subsection (2), after the word “providing”, the words “or
receiving” shall be inserted.”;
(f) in section 48, in subsection (2), in the TABLE:
(i) at S.No.1, in column No. 3, for the word s “ten thousand”, the
words “fifty thousand” shall be substituted; and
(ii) at S.No.10, in column No. 2 , after the word “both”, for the full
stop, a colon shall be substituted and thereafter the following
proviso shall be inserted:
“Provided that where any recipient of a service does not pay the
amount of tax due to be paid to a service provider, such
recipient shall also be liable to action for obstruction under this
provision.”;
(g) in section 52, in subsection (1), for the word s “three years”, the word s
“five years” shall be substituted;
(h) in section 70, after subsection (2), the following subsection (3) shall be
inserted:
“(3) For the purpose of recovery of tax, penalty or any other
demand or sum under this Act or the rules, the Authority or the officer
of the Authority may exercise the power s of a Civil Court under the
Code of Civil Procedure, 1908 ( V of 1908 ) for recovery of an amount
due under a decree and, in such an eventuality, the Authority or the
officer of the Authority shall be deemed to be a Civil Court.”;
(i) in the Second Schedule:
(i) at S.No.1:
(a) in column No. 2, after the word “clubs” the words
“including race clubs” shall be inserted; and
(b) in column No. 3, after the figure and comma,
“9801.6000,” the figure and comma “9830.0000,” shall be
inserted;
(ii) at S.No.4:
(a) in column No. 2 , after the word “services”, the words
“including cargo services by road passenger
transportation businesses and transportation through
pipeline and conduit services” shall be inserted; and
(b) in column No. 3 , after the figure “9808.0000”, the wo rd
and the figure “and 9804.9000” shall be inserted;
(iii) at S.No.8, in column No. 2, for the existing entry, the following
shall be substituted:
“Services provided by banking companies, cooperative
financing societies, modarbas, musharikas, ijarahs, leas ing
companies, non -banking financial institutions and other
persons, businesses or enterprises providing or dealing in any
such services.”
(iv) at S.No.1:
(a) in column No. 2, after the word “restaurants”, the words
and brackets “including cafes, food (inclu ding ice -
cream) parlors, coffee houses, coffee shops, deras,
food huts, eateries, resorts and similar cooked,
prepared or ready -to-eat food service outlets etc” shall
be inserted; and
(b) in column No. 3, after the figure “9801.2000”, the wor d
and figure, “and 9801.9000” shall be inserted;
(v) at S.No.13:
(a) in column No. 2 , after the word “service”, the words
“including intellectual property rights services “shall be
inserted; and
(b) in column No. 3, after the figure “9823.0 000”, the word
and the figure “and 9839.0000” shall be inserted;
(vi) at S.No.14 , in column No. 2 , under the caption
“EXCLUDING”, in paragraph (i), after the word “million”, the
words “per annum” shall be inserted;
(vii) at S.No. 18, in column No. 2 , under the caption
“EXCLUDING,” for paragraph (iv), the following shall be
substituted:
“(iv) the facility of air -conditioning is not installed or
available in the premises.”;
(viii) at S.No. 19, in column No. 2 , after the word “asset”, the
bracket and words “(including investment)” shall be inserted;
(ix) at S.No.23:
(a) in column No. 2, after the word “consultants” the words
“including technical inspection and certification
services, quality control (standards’ certification),
technical analysis and testing, erection, commissioning
and installation services” shall be inserted; and
(b) in column No. 3 , after the figure “9819.9400”, the
figures and comma “9861.0000, 9815.5000” shall be
inserted;
(x) at S.No.24:
(a) in column No. 2 , after the word “consultants”, the
words “including but not limited to human resource and
personnel development services, exhibition or
convention services, event management services,
valuation services (including competency and eligibility
testing services), market research services and credit
rating services” shall be inserted; and
(b) in column No. 3, after the figure “9815.9000”, the
expression “9832.0000, 9827.0000, 9818.3000,
9818.2000, 9819.9300, 9852.0000 and 9859.0000”
shall be inserted;
(xi) at S.No.25:
(a) in column No. 2, after the word “operators”, the words
“and t ravel agents including all their allied services or
facilities” shall be inserted; and
(b) in column No. 3, after the figure “9805.5100”, the
figures and the word “9805.5000 and 9803.9000” shall
be inserted;
(xii) at S.No.26, in column No. 2, the words “inclu ding labour and
manpower supplies” shall be inserted;
(xiii) at S.No.30:
(a) in column No. 2 , for the existing entry, the following
shall be substituted:
“Share transfer or depository agents including services
provided through manual or electronic book -entry
system used to record and maintain securities and to
register the transfer of shares, securities and
derivatives.”; and
(b) in column No. 3 , for the figures, the words “respective
headings” shall be inserted;
(xiv) at S.No.32:
(a) in column No. 2 , after the word “dealers” the words
“and realtors” shall be inserted; and
(b) in column No. 3, after the figure “9806.2000”, the word
and the figure “and 9844.0000” shall be inserted;
(xv) at S.No.33:
(a) in column No. 2, after the word “designers”, the words
and brackets “whe ther relating to textile, leather,
jewellery or other product regimes including allied
services such as cutting, stitching, printing,
manufacturing, fabrication, assembly, embellishment,
adornments, display (including marketing, packing and
delivery etc.)” shall be inserted; and
(b) in column No. 3, after the figure “9834 .0000”, the word
and figure “and 9819.6000” shall be inserted;
(xvi) at S.No.36, in column No. 3, after the figure “9806 .3000”, the
word and the figure “and 9845.0000” shall be inserted;
(xvii) at S.No.37:
(a) in column No. 2, after the bracket at the end, the words
“including industrial and commercial packaging
services and similar outsourcing of industrial or
commercial processes” shall be inserted; and
(b) in column No. 3, after the figure, “9868 .0000’, the
figures and the word, “9841.0000 and 9819.1400” shall
be inserted; and
(xviii) after S.No.37, in column Nos. 1 to 4, the following entries
shall be inserted:
S.
No. Description Classification Rate of
Tax
(1) (2) (3) (4)
“38 Services provided by specialized
workshops or undertakings (auto -
workshops; workshops for
industrial machinery, construction
and earth -moving machinery or
other special purpose machinery
etc; workshops for electric or
electronic equipments or
appliances etc. including
computer hardware; car washing
or similar service stations and
other workshops).
98.20 Sixteen
percent
39 Services provided for specified
purposes including fumigation
services, maintenance and repair
(including building and equipment
maintenance and repair including
after sale services) or cleaning
services, janitorial services,
dredging or desilting services and
other similar services etc.
98.22 and
9860.0000
Sixteen
percent
40 Brokerage (other than stock) and
indenting services including
commission agent s, under -writers
and auctioneers.
9829.0000,
9819.1200,
9819.1100,
9819.1300 and
9819.9100
Sixteen
percent
41 Call centres. 9865.0000 Ninetee
n and a
half
percent
42 Services provided by laboratories
other than services relating to
pathological or diagnostic tests for
patients.
9816.0000 and
98.17
Sixteen
percent
43 Services provided in specified
fields such as health care, gym,
physical fitness, indoor sports,
games and body or sauna
massage etc.
9821.1000 and
9821.2000
9821.4000
Sixteen
percent
44 Services provided by laundries
and dry cleaners.
9811.0000 Sixteen
percent
45 Services provided by cable TV
operators.
9819.9000 Sixteen
percent
46 Services provided by TV or radio
program producers or production
houses.
9828.0000 Sixteen
percent
47 Advertisements (including
classified ads) in newspapers,
magazines, journals and
periodicals.
9802.4000 Five
percent”
7. Amendment in Act XVI of 2013 .– In the Punjab Finance Act 2013 (XVI of
2013):
(a) in section 2, clause (a) shall be omitted; and
(b) section 10 shall be omitted.
8. Luxury house tax.– (1) Subject to the provisions of this section, there shall
be charged, levied, assessed and paid a tax, known as luxury house tax, on
categories of residential house and at such rate as specified in the First S chedule,
located on the immoveable property in the limits of: (a) a notified rating area under
the Punjab Urban Immoveable Property Tax Act, 1958 ( V of 1958); (b) a cantonment
under the Cantonment Act, 1924 ( II of 1924); and (c) any other area within the
Province as notified by the Government at the rate specified for the remaining rating
areas and cantonments under the First Schedule.
(2) The tax shall be charged, levied, assessed and paid in addition to any
other tax charged and collected under any other law for the time being in force and
shall be the first charge upon the residential house.
(3) The liability to pay the tax shall be of the owner or occupant, jointly and
severally.
(4) The tax shall be paid once either in lump sum on or before September
30, 2014 or in four equal quarterly instalments with first instalment payable on or
before September 30, 2014 and the subsequent three equal instalments being
payable on or before the last day of each concerned quarter.
(5) In the event a residential hou se is constructed after the
commencement of this Act, the tax shall be charged, levied, assessed and paid in
the above manner and, in such a case, the tax shall be payable in lump sum on or
before the last day of the first quarter falling after the complet ion of construction and,
in case of payment in instalments, first instalment being payable on or before last
day of the first quarter falling after the completion of construction and the subsequent
three equal instalments being payable on or before the last day of each concerned
quarter thereafter.
(6) In case of lump sum payment, a rebate @ 10% shall be admissible if
tax is paid on or before the date fixed for payment.
(7) Any person who fails to pay the tax or any part thereof within the
prescribed time limit, whether wilfully or otherwise, shall in addition to the amount of
the tax be liable to pay default surcharge at the rate of one percent per month of the
amount of tax due under this section.
(8) Notwithstanding the provisions of subsection (1), an area, residential
house or a person specified in any of the categories mentioned in the Second
Schedule shall be exempt from the levy and payment of the tax.
(9) Notwithstanding the provisions of subsections (1) and (8):
(a) the Government may, by notification in the official Gazette, exempt any
area within the limits specified in subsection (1), or any residential
house or person, from the whole or any part of the tax chargeable
under this section, subject to the conditions and limitations specified in
the notification; and
(b) the grievance committee may in an individual case of hardship, by
special order in each case stating the reasons, exempt any residential
house as may be specified from payment of the whole or any part of
the tax charge d under subsec tion (1) or from the payment of default
surcharge under subsection (7).
(10) Subject to the provisions of this section, the tax including surcharge
payable under subsection ( 7) shall, as nearly as possible, be paid, recovered,
administered and regulated as if it is a tax under the Punjab Urban Immoveable
Property Tax Act, 1958 (V of 1958).
(11) In case of any dispute relating to tax or exemption from the payment of
the tax, a person may file an application before the grievance committee and subject
to subs ection (12), decision of the grievance committee on such dispute shall be
final.
(12) Any person or an officer aggrieved by the decision of a grievance
committee may, within fifteen days from the date of communication of the decision,
prefer an appeal to the 3[Additional Director General, Excise and Taxation, Punjab].
(13) The Government may make rules for carrying out the purposes and
giving effect to the provisions of this section.
(14) In this section:
(a) “completion of construction” means the day when a house is ready for
occupation or two years from the date of installation of electricity
connection, whichever is earlier;
(b) “covered area” means the built up area included in the floor of a
residential house and where a residential house has more than one
floor, the aggregate area in all the floors together;
(c) “grievance committee” means a committee of three officers notified by
the Government to discharge the functions under this section in any
area specified in the notification;
(d) “residential ho use” means building or any other structure built on
immoveable property measuring two kanals or more and having a
minimum covered area of six thousand square feet; and
(e) “tax” means the luxury house tax on a residential house charged,
levied and assessed under this section.
(15) A word or term used in this section but not defined shall have the same
meaning as assigned to it under the Punjab Urban Immoveable Property Tax Act,
1958 (V of 1958).
3Substituted for the word “Government” by the Punjab Finance (Amendment) Act 2023 ( IX of 2023), published in the Punjab
Gazette (Extraordinary), dated: 17 February 2023, pp. 3883, s.2.
(16) Notwithstanding the omission of section 10 of the Punja b Finance Act
2013 (XVI of 2013), if a person has paid whole or part of the tax under that section,
he may claim adjustment of an equivalent amount from the tax charged, levied,
assessed and payable under this section.
FIRST SCHEDULE
[See section 8(1)]
Location Category of
Residential
House
4[Rate of Tax on
Residential Houses
with completion of
construction from
01.01.2001 to
30.06.2022]
5[Rate of Tax on
Residential Houses
with completion of
construction from
01.07.2022
In Lahore
District
including
Lahore
Cantonment
and Walton
Cantonment
(1) Two Kanals or
above with
covered area
more than six
thousand
square feet.
------------------
(2) Eight Kanals
or above with
covered area
more than
twelve
thousand
square feet.
(1) Rs. 200,000/ - per
Kanal subject to a
maximum of Rs.
2000,000/-
-----------------------
(2) Rs. 300,000/ - per
Kanal subject to a
maximum of Rs.
3,600,000/-
(1) Rs.300,000/- per
Kanal subject to a
maximum of
Rs.2,500,000/-
……………….………
…
(2) Rs.400,000/- per
Kanal subject to a
maximum of
Rs.4,000,000/-
In rating areas
of Divisional
Headquarters
District 6[other
than Lahore]
and all the
Cantonments
in the District
of Divisional
Headquarters
(1) Two Kanals or
above with
covered area
more than six
thousand
square feet.
-------------------
(2) Eight Kanals
or above with
covered area
more than
twelve
thousand
square feet.
(1) Rs. 150,000/ - per
Kanal subject to a
maximum of Rs.
1,500,000/-
-------------------------
(2) Rs. 250,000/ -per
Kanal subject to a
maximum of Rs.
3,000,000/-
(1) Rs.200,000/- per
Kanal subject to a
maximum of
Rs.1,800,000/-
.………………………
…
(2) Rs.300,000/- per
Kanal subject to a
maximum of
Rs.3,500,000/-
In remaining
rating areas
and
Cantonments
(1) Two Kanals or
above with
covered area
more than six
(1) Rs.100,000/- per
Kanal subject to a
maximum of Rs.
1000,000/-
(1) Rs.125,000/- per
Kanal subject to a
maximum of
Rs.1,500,000/-
4Substituted by the Punjab Finance Act 2022 (I X of 2022) , published in the Punjab Gazette (Extraordinary), dated: 24th June
2022, pp. 6339-6345, s.5.
5Added by the Punjab Finance Act 2022 (IX of 2022) , published in the Punjab Gazette (Extraordinary), dated: 24th June 2022,
pp. 6339-6345, s.5.
6Inserted by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24th June 2022,
pp. 6339-6345, s.5.
thousand
square feet.
------------------
(2) Eight Kanals
or above with
covered area
more than
twelve
thousand
square feet.
-------------------------
(2) Rs.200,000/- per
Kanal subject to
maximum of Rs.
2,400,000/-
………………………
…
(2) Rs.225,000/- per
Kanal subject to a
maximum of
Rs.2,500,000/-.]
*Provided that for calculating tax for an additional area less than one Kanal, pro rata rates
for each full marla shall be applied and area less than one marla shall be excluded.
SECOND SCHEDULE
[See section 8(8)]
1. A residential house with completion of construction before the first day of
January 2001; or
2. An existing residential house which is owned by a person on the basis of
opening of inheritance before coming in force of this Act; or
3. A residential house or part thereof, owned by a widow by way of inheritance
and used for her permanent residence, provided that if the widow owns more
than one residential house liable to tax, she shall be entitled to exemption only
in respect of one residential house; or
4. Residential house used for some other permi ssible use after compliance with
applicable law and during such period of compliance.This law in the library
Follow the instruments and provisions named in this source edition, and the laws that cite it. Citation links identify the text being referred to; legal effect and current force require separate examination.
Instruments cited by this law 4
Laws that cite this instrument 5
References to provisions in this text 18
Section 3
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nance Act 2014. (2) It extends to whole of the Punjab. (3) It shall come into force on the first day of July 2014 except the provisions of clauses (a) and (b) of section 3 which shall come into force on such date as the Government may, by notification, specify. 2. Amendment in Act II of 1899 .– In the Stamp Act, 1899 ( II of 1899 ), in Schedule I, the following amendments shall be made: (a)
Section 3
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r, the words “Two hundred rupees” shall be substituted. 3. Amendment in Act V of 1958 .– In the Punjab Urban Immovable Property Tax Act, 1958 (V of 1958): (a) in section 3, in subsection (2), for the word “twenty”, the word “five” shall be substituted; (b) in section 4: (i) in clause (c): (a) in sub-clause (i), for the words “one thousand and eighty”, the words “four thousand three hundre
Section 4
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njab Urban Immovable Property Tax Act, 1958 (V of 1958): (a) in section 3, in subsection (2), for the word “twenty”, the word “five” shall be substituted; (b) in section 4: (i) in clause (c): (a) in sub-clause (i), for the words “one thousand and eighty”, the words “four thousand three hundred and twenty” shall be substituted; and (b) in sub -clause (ii), for the words “one thousand six
Section 7
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ed; and (ii) in clause (g), for the words “forty -eight thousand and six hundred”, the words “two hundred forty three thousand” shall be substituted; and (c) in section 7, in subsection (2), for the expressi on “on the first day of July or the first day of January as the case may be, next following the date on which it is finally approved by the assessing authority”, the words “on the date n
Section 12
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000/- Rs. 2500/- per seat Rs. 300/- per seat.” 2 [(b) * * * * * * * * * * * ] 5. Amendment in Act I of 1965 .– In the Punjab Finance Act, 1965 ( I of 1965 ), section 12 shall be omitted. 2Omitted by the Punjab Finance Act 2019 (XV of 2019), published in the Punjab Gazette (Extraordinary), dated: 28 June 20 19, pp. 4105-4114, s. 7. 6. Amend
Section 2
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aordinary), dated: 28 June 20 19, pp. 4105-4114, s. 7. 6. Amendments in Act XLII of 2012.– In the Punjab Sales Tax on Services Act 2012 (XLII of 2012): (a) in section 2: (i) in clause (6), for the words “any law”, the expression “the Punjab Revenue Authority Act 2012 (XLIII of 2012)” shall be substituted; (ii) in clause (29), after sub-clause (a), the following sub-clause (aa) shall be i
Section 7
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d “, disposition” shall be inserted; and (iv) in clause (43), in sub-clause (d), after the word “underpaying”, the words “or not paying” shall be inserted; (b) in section 7, in subsection (1), after the word s “The value of a taxable service is the”, the words “gross amount of” shall be inserted; (c) in section 25, after subsection (5), the following explanation shall be inserted: “Explana
Section 25
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be inserted; (b) in section 7, in subsection (1), after the word s “The value of a taxable service is the”, the words “gross amount of” shall be inserted; (c) in section 25, after subsection (5), the following explanation shall be inserted: “Explanation.– Unless otherwise specified, no person shall be absolved of any tax liability for want of registration under this Act or the rules.”; (d
Section 29
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d: “Explanation.– Unless otherwise specified, no person shall be absolved of any tax liability for want of registration under this Act or the rules.”; (d) after section 29, the following section 29A shall be inserted: “29A. Restoration of registrations .– The Authority may , subject to conditions as may be prescribed, reactivate, revive, reinstate or restore any registration which has been d
Section 29A
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s otherwise specified, no person shall be absolved of any tax liability for want of registration under this Act or the rules.”; (d) after section 29, the following section 29A shall be inserted: “29A. Restoration of registrations .– The Authority may , subject to conditions as may be prescribed, reactivate, revive, reinstate or restore any registration which has been de -activated, suspended or
Section 31
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reactivate, revive, reinstate or restore any registration which has been de -activated, suspended or cancelled for any reason or under any circumstances.”; (e) in section 31: (i) in subsection (1), after the word s “A registered person providing taxable service”, the words “or a person required to pay tax under this Act or rules” shall be inserted; and (ii) in subsection (2), after the wor
Section 48
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y tax under this Act or rules” shall be inserted; and (ii) in subsection (2), after the word “providing”, the words “or receiving” shall be inserted.”; (f) in section 48, in subsection (2), in the TABLE: (i) at S.No.1, in column No. 3, for the word s “ten thousand”, the words “fifty thousand” shall be substituted; and (ii) at S.No.10, in column No. 2 , after the word “both”, for the
Section 52
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does not pay the amount of tax due to be paid to a service provider, such recipient shall also be liable to action for obstruction under this provision.”; (g) in section 52, in subsection (1), for the word s “three years”, the word s “five years” shall be substituted; (h) in section 70, after subsection (2), the following subsection (3) shall be inserted: “(3) For the purpose of recovery of
Section 70
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for obstruction under this provision.”; (g) in section 52, in subsection (1), for the word s “three years”, the word s “five years” shall be substituted; (h) in section 70, after subsection (2), the following subsection (3) shall be inserted: “(3) For the purpose of recovery of tax, penalty or any other demand or sum under this Act or the rules, the Authority or the officer of the Authority
Section 2
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rs, magazines, journals and periodicals. 9802.4000 Five percent” 7. Amendment in Act XVI of 2013 .– In the Punjab Finance Act 2013 (XVI of 2013): (a) in section 2, clause (a) shall be omitted; and (b) section 10 shall be omitted. 8. Luxury house tax.– (1) Subject to the provisions of this section, there shall be charged, levied, assessed and paid a tax, known as luxury house tax, on
Section 10
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02.4000 Five percent” 7. Amendment in Act XVI of 2013 .– In the Punjab Finance Act 2013 (XVI of 2013): (a) in section 2, clause (a) shall be omitted; and (b) section 10 shall be omitted. 8. Luxury house tax.– (1) Subject to the provisions of this section, there shall be charged, levied, assessed and paid a tax, known as luxury house tax, on categories of residential house and at such rate
Section 8(1)
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er that section, he may claim adjustment of an equivalent amount from the tax charged, levied, assessed and payable under this section. FIRST SCHEDULE [See section 8(1)] Location Category of Residential House 4[Rate of Tax on Residential Houses with completion of construction from 01.01.2001 to 30.06.2022] 5[Rate of Tax on Residential Houses with completion of constr
Section 8(8)
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an additional area less than one Kanal, pro rata rates for each full marla shall be applied and area less than one marla shall be excluded. SECOND SCHEDULE [See section 8(8)] 1. A residential house with completion of construction before the first day of January 2001; or 2. An existing residential house which is owned by a person on the basis of opening of inheritance before coming in force
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- Stored text SHA-256
- 987797f8555bbf28f575437e7590e36d088d541c77a9b4044683e8d9c9ab687a
- Original source SHA-256
- 0ee510e93cd75be7186d2e04bc22aa26fa928b3d9786514da18cd2a4c7054923
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- Complete exact non-whitespace character stream after NFKC, quotation-mark equivalents and soft-hyphen removal. Word boundaries and PDF line-layout differences remain separately described.
Source, version and text details
- Recorded title
- PUNJAB FINANCE ACT 2014
- Source collection
- Punjab — this does not establish territorial applicability.
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- Not supplied in this record
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- 2026-08-06T16:55:35Z
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- not independently verified
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- 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.
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- No additional flags recorded
- Stable record
- punjab-code-c9392c06e1ad3d63
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- Legal completeness not independently established
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- Stored text SHA-256
- 987797f8555bbf28f575437e7590e36d088d541c77a9b4044683e8d9c9ab687a