An Act to levy and revise the rates of certain
taxes, duties and fees in the Punjab
Preamble.— Whereas it is expedient to
levy and revise the rates of certain taxes, duties and fees in the
It is hereby enacted as follows:-
1. Short title, extent and commencement.—
(1) This Act may be called the Punjab Finance Act, 1994.
(2) It shall extend to the whole of the
(3) It shall come into force on and
from the first day of July, 1994.
2. Amendment of Act II of 1899.— In
the Stamp Act 1899 (II of 1899) in section 27-A, in sub-section (1) after
the words “Article 31” the words “or sub-Article (b) of Article 33” shall be
3. Amendment of Act V of 1958.— In
the Punjab Urban Immovable Property Tax Act, 1958 (V
(i) in section 2 in clause (i) the
words and brackets “(not being a District Board)” shall be omitted; and
(ii) in section 3 after sub-section
(7) the following new sub-sections shall be added:-
“(8) From the first day of
July, 1994 for calculating tax on owner-occupied properties the annual value
shall be increased by twenty-five per cent of the annual value existing on
the said day.
(9) Additional tax at the rate
of twenty-five per cent of the tax payable shall be charged on
owner-occupied property built on a plot measuring two kanals or more or
having a covered area exceeding six thousand square feet”.
4. Amendment of Act XXXII of 1958.—
In the Punjab Motor Vehicles Taxation Act, 1958
(XXXII of 1958)—
(i) In section 3 in sub-section (1)
for the full-stop at the end of the third proviso a colon shall be
substituted and thereafter the following further proviso shall be added:-
“Provided further that tax
for a motor-cycle a scooter or a motor-cycle drawing a side trailer or cabin
shall be levied lump sum once for all at the rate and time specified in the
Schedule to this Act”; and
(ii) For the existing Schedule the
Schedule given in the Schedule to this Act shall be substituted.
5. Amendment of Act XIV of 1973.— In
the Punjab Finance Act 1973 (XIV of 1973) in the Second Schedule for Serial
No. 9 and the entries against it the following shall be substituted:-
“9. Registration fee under rule 42
shall be charged at the rate of half per cent of the value of the vehicle:
(i) Vehicles meant for the
invalid, ambulances and vehicles designed to be exclusively used to carry
the dead shall be charged at the rate of Rs. 100;
(ii) tractors shall be charged
at the rate of Rs. 800; and
(iii) temporary registration of
any vehicle shall be charged at the rate of Rs. 200.”
* * * * * * * * * * * *]
(See Section 4)
(vide section 3 of the Motor Vehicles
Taxation Act 1958)
Description of Motor Vehicles
Rate of Tax
(a) An amount
of Rs. 800 shall be charged for motor-cycles and scooters once for
all at the time of registration.
(b) An amount
of Rs. 1,200 shall be charged once for all at the time of
registration from a motor-cycle drawing a side trailer or cabin.
(c) Tax shall
be charged once for all for motor-cycles and scooters already
registered and paying tax according to the following scale:
Period for which tax has been paid
exceeding 3 years.
Exceeding 3 years but not exceeding 6 years.
6 years but not exceeding 10 years.
(including tricycles) used for the transport or haulage of goods or
electrically propelled vehicles not exceeding 1250 kg in unladen
(including delivery vans) with maximum laden capacity up to 2030 kg.
with maximum laden capacity exceeding 2030 kg but not exceeding 4060
with maximum laden capacity exceeding 4060 kg but not exceeding 6090
with maximum laden capacity exceeding 6090 kg but not exceeding 8120
with maximum laden capacity exceeding 8120 kg but not exceeding
with long trailers or other vehicles with maximum laden capacity
exceeding 12000 kg.
for hire and ordinarily used for the transport of passengers (taxis
propelled by mechanical power (rickshaw cabs) with seating capacity
of not more than 3 persons.
vehicles with a seating capacity of more than 20 persons plying for
hire exclusively within the limits of a Corporation, Municipality or
Cantonment or partly within and partly outside such limits with
sixty per cent of the total length of the route falling within the
limits of a Corporation, Municipality or Cantonment.
(c) mini buses
with a seating capacity of more than 6 and less than 20 persons
plying for hire exclusively within the limits of Corporation,
Municipality or Cantonment.
vehicles with a seating capacity of—
not more than 4 persons;
more than 4 but not more than 6 persons.
more than 6 persons.
The seating capacity for the purpose of this clause does not include
the seats meant for driver and conductor.
other than those mentioned above and having—
capacity of not more than 3 persons.
capacity of more than 3 persons but not more than 6 persons—
with engine power not exceeding 1000 cc
with engine power exceeding 1000 cc but not exceeding 1300 cc.
with engine power exceeding 1300 cc but not exceeding 1600 cc.
engine power exceeding 1600 cc.
capacity of more than 6 persons.
Explanation I.— Station wagons and vans
used for private purpose shall be taxed under this clause.
Explanation II.— Motor vehicles taxed
under this clause shall pay tax at the concessional rate of 75% of the
payable tax on completion of 10 years of payment of tax after the date of
Act was passed by the Punjab Assembly on 27th June, 1994; assented to by
the Governor of the Punjab on 28th June, 1994; and, was published in the
Punjab Gazette (Extraordinary), dated 29th June, 1994, pages 201 to 205.
by the Punjab Finance Ordinance, 2000 (III of 2000), which will remain
in force under the Provisional Constitution (Amendment) Order 1999 (9 of
1999), Article 4, notwithstanding the maximum limit of three months
prescribed under Article 128 of the Constitution of the Islamic Republic
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