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  "id": "punjab-code-c9392c06e1ad3d63",
  "title": "PUNJAB FINANCE ACT 2014",
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  "source_url": "https://punjabcode.punjab.gov.pk/en/show_article/VmNUY1ZmWm0-",
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  "text": "THE PUNJAB FINANCE ACT 2014 \r\n(XVII of 2014) \r\nCONTENTS \r\n1. Short title, extent and commencement \r\n2. Amendment in Act II of 1899 \r\n3. Amendment in Act V of 1958 \r\n4. Amendment in Act XXXII of 1958 \r\n5. Amendment in Act I of 1965 \r\n6. Amendments in Act XLII of 2012 \r\n7. Amendment in Act XVI of 2013 \r\n8. Luxury house tax \r\nFIRST SCHEDULE \r\nSECOND SCHEDULE \r\n \r\nTEXT \r\n1\r\nTHE PUNJAB FINANCE ACT 2014 \r\n(XVII of 2014) \r\n[26th June, 2014] \r\nAn \r\nAct \r\nto levy, alter and rationalize certain taxes, fees and duties in the Punjab. \r\nWhereas it is expedient to levy, alter and rationalize certain taxes, fees and \r\nduties in the Punjab; and to regulate the connected matters; \r\nIt is enacted as follows: \r\n1.  Short title, extent and commencement .– (1) This Act may be c ited as the \r\nPunjab Finance Act 2014. \r\n (2) It extends to whole of the Punjab. \r\n (3) It shall come into force on the first day of July 2014 except the \r\nprovisions of clauses (a) and (b) of section 3 which shall come into force on such \r\ndate as the Government may, by notification, specify. \r\n2. Amendment in Act II of 1899 .– In the Stamp Act, 1899 ( II of 1899 ), in \r\nSchedule I, the following amendments shall be made: \r\n(a) at Sr. No. 4, for the words “ Twenty rupees”, the words  “Fifty rupees” \r\nshall be substituted; \r\n(b) at Sr. No. 5, against clause (cc), for the words “ One hundred rupees”, \r\nthe words “Twelve hundred rupees” shall be substituted;  \r\n(c) at Sr. No. 12, for the words “T wo percent”, the words “ Three percent” \r\nshall be substituted; \r\n(d) at Sr. No. 17, for the words “F ifty rupees” , the words “One hundred \r\nrupees” shall be substituted; \r\n(e) at Sr. No. 18, for the words “ Two percent”, the words “ Three percent” \r\nshall be substituted; \r\n(f) at Sr. No. 22-A, in clause (a): \r\n(i) in sub-clause (i), for the words “One hundred rupees”, the words \r\n“Two hundred rupees” shall be substituted; \r\n(ii) in sub -clause (ii), for the words “ Two hundred rupees”, the \r\nwords “Five hundred rupees” shall be substituted; \r\n(iii) in sub -clause (iii), for the words “ Five hundred rupees”, the \r\nwords “One thousand rupees” shall be substituted; \r\n                                                 \r\n1This Act was passed by the Punjab Assembly on 24 June 2014; assented to by the Governor of the Punjab on 25 June 2014; \r\nand, was published in the Punjab Gazette (Extraordinary), dated 26 June 2014, pages 4169-4178 \r\n(iv) in sub -clause (iv), for the words “ Seven hundred and fifty \r\nrupees”, the words “ Fifteen hundred rupees” shall be \r\nsubstituted; and \r\n(v) in sub -clause (v), for the words “ One thousand rupees”,  the \r\nwords “Two thousand rupees” shall be substituted; \r\n(g) at Sr. No.  23, in clause (a), fo r the words “ Two percent” , the words \r\n“Three percent” shall be substituted; \r\n(h) at Sr. No. 27-A, for the words “Two percent”, the words “Three percent” \r\nshall be substituted; \r\n(i) at Sr. No. 29, for the words “T hirty rupees”, the words  “One hundred \r\nrupees” shall be substituted; \r\n(j) at Sr. No. 31, for the words “ two percent”, the words “T hree percent” \r\nshall be substituted; \r\n(k) at Sr. No. 33, for the words “T wo percent”, the words “ Three percent” \r\nshall be substituted; \r\n(l) at Sr. No. 40, for the words “ Two percent”, wherever occur, the words \r\n“Three percent” shall be substituted; \r\n(m) at Sr. No. 46: \r\n(i) in clause (a), for the words “ One hundred rupees” , the words \r\n“Two hundred rupees” shall be substituted; and \r\n(ii) in clause (b), for the words “ Five hundred rupees” , the words  \r\n“One thousand rupees” shall be substituted; \r\n(n) at Sr. No. 48: \r\n(i) in clause (b), for the words “ Two percent”, the words “Three \r\npercent” shall be substituted; and \r\n(ii) in clause (bb), for the words “One thousand rupees”, the words \r\n“Twelve hundred rupees” shall be substituted; \r\n(o) at Sr. No. 55, for the words “ Two percent”, the words “Three percent” \r\nshall be substituted; \r\n(p) at Sr. No. 58, in clause A, for the words “Two percent”, wherever occur, \r\nthe words “Three percent” shall be substituted; \r\n(q) at Sr. No. 63, for the words “ Two percent”, the words  “Three percent” \r\nshall be substituted; \r\n(r) at Sr. No. 63-A, for the words “Two percent”, the words “Three percent” \r\nshall be substituted; and \r\n(s) at Sr. No. 64, for the words “One hundred rupees”, wherever occur, the \r\nwords “Two hundred rupees” shall be substituted. \r\n3. Amendment in Act V of 1958 .– In the Punjab Urban Immovable Property \r\nTax Act, 1958 (V of 1958): \r\n(a) in section 3, in subsection (2), for the word “twenty”, the word “five” \r\nshall be substituted; \r\n(b) in section 4: \r\n(i) in clause (c): \r\n(a) in sub-clause (i), for the words “one thousand and eighty”, \r\nthe words “four thousand three hundred and twenty” shall \r\nbe substituted; and \r\n(b) in sub -clause (ii), for the words  “one thousand six \r\nhundred and twenty” , the words “six th ousand four \r\nhundred and eighty” shall be substituted; and \r\n(ii) in clause (g), for the words “forty -eight thousand and six \r\nhundred”, the words “two hundred forty  three thousand” shall be \r\nsubstituted; and \r\n(c) in section 7, in subsection (2), for the expressi on “on the first day of \r\nJuly or the first day of January as the case may be, next following the \r\ndate on which it is finally approved by the assessing authority”, the \r\nwords “on the date notified by the Government after the approval of the \r\nvaluation list by the assessing authority” shall be substituted. \r\n4. Amendment in Act XXXII of 1958 .– In the Punjab Motor Vehicles Taxation \r\nAct, 1958 (XXXII of 1958), in the Schedule: \r\n(a) at S.No.4: \r\n(i) in column No. 2, for the expression “Motor vehicles (motor cars \r\nor jeeps ) other than those mentioned above and having”, the \r\nexpression “Motor vehicles (motor cars or jeeps) other t han \r\nthose mentioned above or below, and having ” shall be \r\nsubstituted; and \r\n(ii) in column No. 3, for the existing entries, the following shall, \r\nrespectively, be substituted: \r\n “Rs. 500/- \r\n Rs. 1800/- \r\n Rs. 6000/- \r\n Rs. 9000/- \r\n Rs. 12000/- \r\n Rs. 15000/- \r\nRs. 2500/- per seat \r\nRs. 300/- per seat.” \r\n2\r\n[(b)  * * * * * * * * * * * ] \r\n5. Amendment in Act I of 1965 .– In the Punjab Finance Act, 1965 ( I of 1965 ), \r\nsection 12 shall be omitted. \r\n                                                 \r\n2Omitted by the Punjab Finance Act 2019 (XV of 2019), published in the Punjab Gazette (Extraordinary), dated: 28 June 20 19, \r\npp. 4105-4114, s. 7. \r\n6. Amendments in Act XLII of 2012.–  In the Punjab Sales Tax on Services Act \r\n2012 (XLII of 2012):  \r\n (a) in section 2: \r\n(i) in clause (6), for the words “any law”, the expression “the Punjab \r\nRevenue Authority Act 2012 (XLIII of 2012)” shall be substituted; \r\n(ii) in clause (29), after sub-clause (a), the following sub-clause (aa) \r\nshall be inserted: \r\n“(aa) an association of persons;” \r\n(iii) in clause (38), in the “Explanation”, after the word “supply”, a \r\ncomma and the word “, disposition” shall be inserted; and  \r\n(iv) in clause (43), in sub-clause (d), after the word “underpaying”, \r\nthe words “or not paying” shall be inserted; \r\n(b) in section 7, in subsection (1), after the word s “The value of a taxable \r\nservice is the”, the words “gross amount of” shall be inserted;  \r\n(c) in section 25, after subsection (5), the following explanation shall be \r\ninserted: \r\n “Explanation.– Unless otherwise specified, no person shall be \r\nabsolved of any tax liability for want of registration under this Act or the \r\nrules.”; \r\n(d) after section 29, the following section 29A shall be inserted: \r\n “29A. Restoration of registrations .– The Authority may , subject to \r\nconditions as may be prescribed, reactivate, revive, reinstate or restore \r\nany registration which has been de -activated, suspended or cancelled \r\nfor any reason or under any circumstances.”; \r\n(e) in section 31: \r\n(i)  in subsection (1), after the word s “A registered person providing \r\ntaxable service”, the words “or a person required to pay tax \r\nunder this Act or rules” shall be inserted; and  \r\n(ii)  in subsection (2), after the word “providing”, the words “or \r\nreceiving” shall be inserted.”; \r\n (f) in section 48, in subsection (2), in the TABLE: \r\n  (i)  at S.No.1, in column  No. 3, for the word s “ten thousand”, the \r\nwords “fifty thousand” shall be substituted; and  \r\n  (ii) at S.No.10, in column No. 2 , after the word “both”, for the full \r\nstop, a colon shall be substituted and thereafter the following \r\nproviso shall be inserted:  \r\n “Provided that where any recipient of a service does not pay the \r\namount of tax due to be paid to a service provider, such \r\nrecipient shall also be liable to action for obstruction under this \r\nprovision.”; \r\n(g) in section 52, in subsection (1), for the word s “three years”, the word s \r\n“five years” shall be substituted; \r\n(h) in section 70, after subsection (2), the following subsection (3) shall be \r\ninserted: \r\n“(3) For the purpose of recovery of tax, penalty or any other \r\ndemand or sum under this Act or the rules, the Authority or the officer \r\nof the Authority  may exercise the power s of a Civil Court under the \r\nCode of Civil Procedure, 1908 ( V of 1908 ) for recovery of an amount \r\ndue under a decree  and, in such an eventuality, the Authority or the \r\nofficer of the Authority shall be deemed to be a Civil Court.”; \r\n(i) in the Second Schedule: \r\n  (i) at S.No.1: \r\n(a) in column No. 2, after the word “clubs” the words \r\n“including race clubs” shall be inserted; and \r\n(b) in column No. 3, after the figure and  comma, \r\n“9801.6000,” the figure and comma “9830.0000,” shall be \r\ninserted; \r\n  (ii) at S.No.4:  \r\n(a) in column No. 2 , after the word “services”, the words \r\n“including cargo services by road passenger \r\ntransportation businesses and transportation through \r\npipeline and conduit services” shall be inserted; and  \r\n(b) in column No. 3 , after the figure “9808.0000”, the wo rd \r\nand the figure “and 9804.9000” shall be inserted; \r\n(iii) at S.No.8, in column No. 2, for the existing entry, the following \r\nshall be substituted: \r\n“Services provided by banking companies, cooperative \r\nfinancing societies, modarbas, musharikas, ijarahs, leas ing \r\ncompanies, non -banking financial institutions and other \r\npersons, businesses or enterprises providing or dealing in any \r\nsuch services.” \r\n  (iv) at S.No.1: \r\n(a) in column No. 2, after the word “restaurants”, the words \r\nand brackets “including cafes, food (inclu ding ice -\r\ncream) parlors, coffee houses, coffee shops, deras,  \r\nfood huts, eateries, resorts and similar cooked, \r\nprepared or ready -to-eat food service outlets etc” shall \r\nbe inserted; and \r\n(b) in column No. 3, after the figure “9801.2000”, the wor d \r\nand figure, “and 9801.9000” shall be inserted;  \r\n(v) at S.No.13:  \r\n(a) in column No. 2 , after the word “service”, the words \r\n“including intellectual property rights  services “shall be \r\ninserted; and  \r\n(b) in column No. 3, after the figure “9823.0 000”, the word \r\nand the figure “and 9839.0000” shall be inserted; \r\n(vi) at S.No.14 , in column No. 2 , under the caption \r\n“EXCLUDING”, in paragraph (i), after the word “million”, the \r\nwords “per annum” shall be inserted;  \r\n(vii) at S.No. 18, in column No. 2 , under the caption \r\n“EXCLUDING,” for paragraph (iv), the following shall be \r\nsubstituted: \r\n “(iv) the facility of air -conditioning is not installed or \r\navailable in the premises.”; \r\n(viii) at S.No. 19, in column No. 2 , after the word “asset”, the \r\nbracket and words “(including investment)” shall be inserted; \r\n (ix) at S.No.23: \r\n(a) in column No. 2, after the word “consultants” the words \r\n“including technical inspection and certification \r\nservices, quality control (standards’ certification), \r\ntechnical analysis and testing, erection, commissioning \r\nand installation services” shall be inserted; and  \r\n(b) in column No. 3 , after the figure  “9819.9400”, the \r\nfigures and comma “9861.0000, 9815.5000” shall be \r\ninserted; \r\n (x) at S.No.24: \r\n(a) in column No. 2 , after the word “consultants”, the \r\nwords “including but not limited to human resource and \r\npersonnel development services, exhibition or \r\nconvention services, event management services, \r\nvaluation services (including competency and eligibility \r\ntesting services), market research services and credit \r\nrating services” shall be inserted; and \r\n(b) in column No. 3, after the figure “9815.9000”, the \r\nexpression “9832.0000, 9827.0000, 9818.3000, \r\n9818.2000, 9819.9300, 9852.0000 and 9859.0000” \r\nshall be inserted; \r\n(xi) at S.No.25: \r\n(a) in column No. 2, after the word “operators”, the words \r\n“and t ravel agents including all their allied services or \r\nfacilities” shall be inserted; and  \r\n(b) in column No. 3, after the figure “9805.5100”, the \r\nfigures and the word “9805.5000 and 9803.9000” shall \r\nbe inserted; \r\n(xii) at S.No.26, in column No. 2, the words “inclu ding labour and \r\nmanpower supplies” shall be inserted; \r\n(xiii) at S.No.30: \r\n(a) in column No. 2 , for the existing entry, the following \r\nshall be substituted: \r\n“Share transfer or depository agents including services \r\nprovided through manual or electronic book -entry \r\nsystem used to record and maintain securities and to \r\nregister the transfer of shares, securities and \r\nderivatives.”; and  \r\n(b) in column No. 3 , for the figures, the words “respective \r\nheadings” shall be inserted; \r\n (xiv) at S.No.32: \r\n(a) in column No. 2 , after the word “dealers” the words \r\n“and realtors” shall be inserted; and  \r\n(b) in column No. 3,  after the figure “9806.2000”, the word \r\nand the figure “and 9844.0000” shall be inserted; \r\n (xv) at S.No.33: \r\n(a) in column No. 2, after the word “designers”, the words \r\nand brackets “whe ther relating to textile, leather, \r\njewellery or other product regimes  including allied \r\nservices such as cutting, stitching, printing, \r\nmanufacturing, fabrication, assembly, embellishment, \r\nadornments, display (including marketing, packing and \r\ndelivery etc.)” shall be inserted; and \r\n(b) in column No. 3, after the figure “9834 .0000”, the word \r\nand figure “and 9819.6000” shall be inserted; \r\n(xvi) at S.No.36, in column No. 3, after the figure “9806 .3000”, the \r\nword and the figure “and 9845.0000” shall be inserted;  \r\n (xvii) at S.No.37: \r\n(a) in column No. 2, after the bracket at the end, the words \r\n“including industrial and commercial packaging \r\nservices and similar outsourcing of industrial or \r\ncommercial processes” shall be inserted; and  \r\n(b) in column No. 3, after the figure, “9868 .0000’, the \r\nfigures and the word, “9841.0000 and 9819.1400” shall \r\nbe inserted; and \r\n(xviii) after S.No.37, in column Nos. 1 to 4, the following entries \r\nshall be inserted: \r\nS. \r\nNo. Description Classification Rate of \r\nTax \r\n(1) (2) (3) (4) \r\n“38 Services provided by specialized \r\nworkshops or undertakings (auto -\r\nworkshops; workshops for \r\nindustrial machinery, construction \r\nand earth -moving machinery or \r\nother special purpose machinery \r\netc; workshops for electric or \r\nelectronic equipments or \r\nappliances etc. including \r\ncomputer hardware; car washing \r\nor similar service stations and \r\nother workshops).    \r\n98.20 Sixteen \r\npercent \r\n39 Services provided for specified \r\npurposes including fumigation \r\nservices, maintenance and repair \r\n(including building and equipment \r\nmaintenance and repair  including \r\nafter sale services) or cleaning \r\nservices, janitorial services, \r\ndredging or desilting services and \r\nother similar services etc. \r\n98.22 and \r\n9860.0000 \r\nSixteen \r\npercent \r\n40 Brokerage (other than stock) and \r\nindenting services including \r\ncommission agent s, under -writers \r\nand auctioneers.  \r\n9829.0000, \r\n9819.1200, \r\n9819.1100, \r\n9819.1300 and \r\n9819.9100 \r\nSixteen \r\npercent \r\n41 Call centres. 9865.0000 Ninetee\r\nn and a \r\nhalf \r\npercent \r\n42 Services provided by laboratories \r\nother than services relating to \r\npathological or diagnostic tests for \r\npatients. \r\n9816.0000 and \r\n98.17 \r\nSixteen \r\npercent \r\n43 Services provided in specified \r\nfields such as health care, gym, \r\nphysical fitness, indoor sports, \r\ngames and body  or sauna \r\nmassage etc.  \r\n9821.1000 and \r\n9821.2000 \r\n9821.4000 \r\nSixteen \r\npercent \r\n44 Services provided by laundries \r\nand dry cleaners. \r\n9811.0000 Sixteen \r\npercent \r\n45 Services provided by cable TV \r\noperators. \r\n9819.9000 Sixteen \r\npercent \r\n46 Services provided by TV  or radio \r\nprogram producers or production \r\nhouses. \r\n9828.0000 Sixteen \r\npercent \r\n47 Advertisements (including \r\nclassified ads) in newspapers, \r\nmagazines, journals and \r\nperiodicals.  \r\n9802.4000 Five \r\npercent” \r\n7. Amendment in Act XVI of 2013 .–  In the Punjab Finance Act  2013 (XVI of \r\n2013): \r\n(a) in section 2, clause (a) shall be omitted; and \r\n(b) section 10 shall be omitted. \r\n8. Luxury house tax.– (1) Subject to the provisions of this section, there shall \r\nbe charged, levied, assessed and paid a tax, known as luxury house tax, on \r\ncategories of residential house and at such rate as specified in the First S chedule, \r\nlocated on the immoveable property in the limits of: (a) a notified rating area under \r\nthe Punjab Urban Immoveable Property Tax Act, 1958 ( V of 1958); (b) a cantonment \r\nunder the Cantonment Act, 1924 ( II of 1924); and (c) any other area within the \r\nProvince as notified by the Government at the rate specified for the remaining rating \r\nareas and cantonments under the First Schedule. \r\n(2) The tax shall be charged, levied, assessed and paid in addition to any \r\nother tax charged and collected under any other law for the time being in force and \r\nshall be the first charge upon the residential house.  \r\n(3) The liability to pay the tax shall be of the owner or occupant, jointly and \r\nseverally.   \r\n(4) The tax shall be paid once either in lump sum on or before September  \r\n30, 2014 or in four equal quarterly instalments with first instalment payable on or \r\nbefore September 30, 2014 and the subsequent three equal instalments being \r\npayable on or before the last day of each concerned quarter.  \r\n(5) In the event a residential hou se is constructed after the \r\ncommencement of this Act, the tax shall be charged, levied, assessed and paid in \r\nthe above manner  and, in such a case, the tax shall be payable in lump sum on or \r\nbefore the last day of the first quarter falling after the complet ion of construction and, \r\nin case of payment in instalments, first instalment being payable on or before last \r\nday of the first quarter falling after the completion of construction and the subsequent \r\nthree equal instalments being payable on or before the last day of each concerned \r\nquarter thereafter.  \r\n(6) In case of lump sum payment, a rebate @ 10% shall be admissible if \r\ntax is paid on or before the date fixed for payment.   \r\n(7) Any person who fails to pay the tax or any part thereof within the \r\nprescribed time limit, whether wilfully or otherwise, shall in addition to the amount of \r\nthe tax be liable to pay default surcharge at the rate of one percent per month of the \r\namount of tax due under this section. \r\n(8) Notwithstanding the provisions of subsection (1), an  area, residential \r\nhouse or a person specified in any of the categories mentioned in the Second \r\nSchedule shall be exempt from the levy and payment of the tax. \r\n(9) Notwithstanding the provisions of subsections (1) and (8): \r\n(a) the Government may, by notification in the official Gazette, exempt any \r\narea within the limits specified in subsection (1), or any residential \r\nhouse or person, from the whole or any part of the tax chargeable \r\nunder this section, subject to the conditions and limitations specified in  \r\nthe notification; and \r\n(b) the grievance committee may in an individual case of hardship, by \r\nspecial order in each case stating the reasons, exempt any residential \r\nhouse as may be specified from payment of the whole or any part of \r\nthe tax charge d under subsec tion (1) or from the payment of default \r\nsurcharge under subsection (7). \r\n(10) Subject to the provisions of this section, the tax including surcharge \r\npayable under subsection ( 7) shall, as nearly as possible, be paid, recovered, \r\nadministered and regulated as  if it is a tax under the Punjab Urban Immoveable \r\nProperty Tax Act, 1958 (V of 1958).  \r\n(11) In case of any dispute relating to tax or exemption from the payment of \r\nthe tax, a person may file an application before the grievance committee and subject \r\nto subs ection (12), decision of the grievance committee on such dispute shall be \r\nfinal. \r\n(12) Any person or an officer aggrieved by the decision of a grievance \r\ncommittee may, within fifteen days from the date of communication of the decision, \r\nprefer an appeal to the 3[Additional Director General, Excise and Taxation, Punjab]. \r\n(13) The Government may make rules for carrying out the purposes and \r\ngiving effect to the provisions of this section. \r\n(14) In this section: \r\n(a) “completion of construction” means the day when a house is  ready for \r\noccupation or two years from the date of installation of electricity \r\nconnection, whichever is earlier; \r\n(b) “covered area” means the built up area included in the floor of a \r\nresidential house and where a residential house has more than  one \r\nfloor, the aggregate area in all the floors together; \r\n(c) “grievance committee” means a committee of three officers notified by \r\nthe Government to discharge the functions under this section in any \r\narea specified in the notification; \r\n(d) “residential ho use” means building or any other structure built on \r\nimmoveable property measuring two kanals or more and having a \r\nminimum covered area of six thousand square feet; and \r\n(e) “tax” means the luxury house tax on a residential house charged, \r\nlevied and assessed under this section. \r\n(15) A word or term used in this section but not defined shall have the same \r\nmeaning as assigned to it under the Punjab Urban Immoveable Property Tax Act, \r\n1958 (V of 1958).   \r\n                                                 \r\n3Substituted for the word “Government”  by the Punjab Finance (Amendment) Act 2023 ( IX of 2023), published in the Punjab \r\nGazette (Extraordinary), dated: 17 February 2023, pp. 3883, s.2. \r\n(16) Notwithstanding the omission of section 10 of the Punja b Finance Act \r\n2013 (XVI of 2013), if a person has paid whole or part of the tax under that section, \r\nhe may claim adjustment of an equivalent amount from the tax charged, levied, \r\nassessed and payable under this section. \r\n \r\n \r\nFIRST SCHEDULE \r\n[See section 8(1)] \r\n \r\nLocation Category of \r\nResidential \r\nHouse \r\n4[Rate of Tax on \r\nResidential Houses \r\nwith completion of \r\nconstruction from \r\n01.01.2001 to \r\n30.06.2022] \r\n5[Rate of Tax on \r\nResidential Houses \r\nwith completion of \r\nconstruction from \r\n01.07.2022 \r\nIn Lahore \r\nDistrict \r\nincluding \r\nLahore \r\nCantonment \r\nand Walton \r\nCantonment \r\n(1) Two Kanals or \r\nabove with \r\ncovered area \r\nmore than six \r\nthousand \r\nsquare feet. \r\n \r\n      ------------------ \r\n \r\n(2) Eight Kanals \r\nor above with \r\ncovered area \r\nmore than \r\ntwelve \r\nthousand \r\nsquare feet. \r\n(1) Rs. 200,000/ - per \r\nKanal  subject to a \r\nmaximum of Rs. \r\n2000,000/- \r\n----------------------- \r\n(2) Rs. 300,000/ - per \r\nKanal subject to a \r\nmaximum of Rs. \r\n3,600,000/- \r\n(1) Rs.300,000/- per \r\nKanal subject to a \r\nmaximum of \r\nRs.2,500,000/- \r\n……………….………\r\n… \r\n(2) Rs.400,000/- per \r\nKanal subject to a \r\nmaximum of \r\nRs.4,000,000/- \r\nIn rating areas \r\nof Divisional \r\nHeadquarters \r\nDistrict 6[other \r\nthan Lahore] \r\nand all the \r\nCantonments \r\nin the District \r\nof Divisional \r\nHeadquarters \r\n(1) Two Kanals or \r\nabove with \r\ncovered area \r\nmore than six \r\nthousand \r\nsquare feet. \r\n \r\n     ------------------- \r\n(2) Eight Kanals \r\nor above with \r\ncovered area \r\nmore than \r\ntwelve \r\nthousand \r\nsquare feet. \r\n(1) Rs. 150,000/ - per \r\nKanal subject to a \r\nmaximum of Rs. \r\n1,500,000/- \r\n------------------------- \r\n(2) Rs. 250,000/ -per \r\nKanal  subject to  a \r\nmaximum of Rs. \r\n3,000,000/- \r\n(1) Rs.200,000/- per \r\nKanal subject to a \r\nmaximum of \r\nRs.1,800,000/- \r\n.………………………\r\n… \r\n(2) Rs.300,000/- per \r\nKanal subject to a \r\nmaximum of \r\nRs.3,500,000/- \r\nIn remaining \r\nrating areas \r\nand \r\nCantonments \r\n(1) Two Kanals or \r\nabove with \r\ncovered area \r\nmore than six \r\n(1) Rs.100,000/- per \r\nKanal subject to a \r\nmaximum of Rs. \r\n1000,000/- \r\n(1) Rs.125,000/- per \r\nKanal subject to a \r\nmaximum of \r\nRs.1,500,000/- \r\n                                                 \r\n4Substituted by the Punjab Finance Act 2022 (I X of 2022) , published in the Punjab Gazette (Extraordinary), dated: 24th June \r\n2022, pp. 6339-6345, s.5.  \r\n5Added by the Punjab Finance Act 2022 (IX of 2022) , published in the Punjab Gazette (Extraordinary), dated: 24th June 2022, \r\npp. 6339-6345, s.5. \r\n6Inserted by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24th June 2022, \r\npp. 6339-6345, s.5. \r\nthousand \r\nsquare feet. \r\n     ------------------ \r\n \r\n(2) Eight Kanals \r\nor above with \r\ncovered area \r\nmore than \r\ntwelve \r\nthousand \r\nsquare feet. \r\n \r\n------------------------- \r\n(2) Rs.200,000/- per \r\nKanal subject to  \r\nmaximum of Rs. \r\n2,400,000/-  \r\n………………………\r\n… \r\n(2) Rs.225,000/- per \r\nKanal subject to a \r\nmaximum of \r\nRs.2,500,000/-.] \r\n*Provided that for calculating tax for an additional area less than one Kanal, pro rata rates \r\nfor each full marla shall be applied and area less than one marla shall be excluded. \r\n \r\nSECOND SCHEDULE \r\n[See section 8(8)] \r\n \r\n1. A residential house with completion of construction before the first day of \r\nJanuary 2001; or \r\n2. An existing residential house which is owned by a person on the basis of \r\nopening of inheritance before coming in force of this Act; or \r\n3. A residential house or part thereof, owned by a widow by way of inheritance \r\nand used for her permanent residence, provided that if the widow owns more \r\nthan one residential house liable to tax, she shall be entitled to exemption only \r\nin respect of one residential house; or  \r\n4. Residential house used for some other permi ssible use after compliance with \r\napplicable law and during such period of compliance.",
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