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Punjab Agricultural Income Tax (Amendment)

Ordinance, 2001 

(Pb Ord III of 2001)

[23rd May, 2001]

An Ordinance further to amend the Punjab Agricultural Income Tax Act 1997 (I of 1997).

Preamble.-

WHEREAS it is expedient further to amend the Punjab Agricultural Income Tax Act, 1997 (I of 1997), in the manner hereinafter appearing; 

 

NOW, THEREFORE, in exercise of the powers conferred upon him under Article 4 of the Provisional Constitution (Amendment) Order, 1999 (Chief Executive’s Order No. 9 of 1999), as amended by Chief Executive’s Order No. 11 of 2000, the Governor of the Punjab is pleased to make and promulgate the following Ordinance:- 

1.         Short title and commencement. (1)   This Ordinance may be called the Punjab Agricultural Income Tax (Amendment) Ordinance, 2001. 

    (2)    It shall come into force at once and shall be deemed to have taken effect on the first day of July, 2000. 

2.         Amendment of the First Schedule to Act 1 of 1997.- In the Punjab Agricultural Income Tax Act, 1997 (1 of 1997), in the First Schedule

(i)         for paragraph 1, the following shall be substituted, namely:-

 

“1         Slab of total cultivated land, computed as irrigated land, by treating one irrigated acre as equal to two unirrigated acres, excluding matured orchards.

 

Rate of tax per acre

 

(i)         Not exceeding 12 ½ acres

 

Nil

(ii)        Exceeding 25 acres

Rs.100/-

(iii)       Exceeding 25 acres but not exceeding 50 acres

Rs.300/-

(iv)       Exceeding 50 acres

Rs.350/-” and

 (ii)       in paragraph 2, for sub-paragraph (2), the following shall be substituted, namely:-

“(2) An owner who holds matured orchard not exceeding 7½ acres computed as irrigated land by treating one irrigated acre as equal to two unirrigated acres shall not be required to pay tax for the orchard, provided his total cultivated land, including non-orchard land, does not exceed 12½  acres computed as irrigated land as aforesaid. In case his total cultivated land, including non-orchard land, exceeds 12½ acres computed as irrigated land, he shall pay tax for matured orchard at the rate given in sub-paragraph (1) and for non-orchard land at the rate given in paragraph 1 applicable to him provided that if his non-orchard land does not exceed 12½  acres computed as irrigated land, the rate of tax for such land shall be Rs.100/- per acre.”

 

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