Punjab Finance Act, 1996

From: 1996-06-26 - To: 0000-00-00 An Act to levy and enhance the rates of certain taxes, duties and fees in the Punjab Preamble.— Whereas it is expedient to levy and enhance the rates of certain taxes, duties and fees in the Punjab. It is hereby enacted as follows:- 1. Short title, extent and commencement.— (1) This Act may be called the Punjab Finance Act, 1996. (2) It shall extend to the whole of the Punjab. (3) It shall come into force on the first day of July, 1996. 2. Amendment of Act VII of 1870.— In the Punjab Court Fees Act, 1870 (VII of 1870), in Schedule I, in Article 1, for the words “seven and a half” and “fifteen thousand”, the words “eight and a half” and “thirty four thousand” shall respectively be substituted. 3. Amendment of Act II of 1899.— In the Stamp Act, 1899 (II of 1899).— (1) in Section 62,— (a) in sub-section (1), for the words “five hundred”, the words “one thousand” shall be substituted; (b) in sub-section (2), for the words “five hundred”, the words “one thousand” shall be substituted; (2) in Section 63, for the words “one hundred”, the words “two hundred” shall be substituted; (3) in Section 64, for the words “five thousand”, the words “ten thousand” shall be substituted; (4) in Section 65, for the words “one hundred”, the words “two hundred” shall be substituted; (5) in Section 66, for the words “two hundred”, the words “four hundred” shall be substituted; (6) in Section 67, for the words “one thousand”, the words “two thousand” shall be substituted; (7) in Section 68, for the words “one thousand”, the words “two thousand” shall be substituted; (8) in Section 69, in clause (b), for the words “five hundred”, the words “one thousand” shall be substituted; (9) in Schedule I, in Article 47— (i) in Part A,— (1) in clause (1),— (a) in sub-clause (i), for the words “ten paisa” and “five paisa”, the words “three rupees” shall in each case be substituted; (b) in sub-clause (ii), for the words “ten paisa” and “five paisa”, the words “three rupees” shall in each case be substituted; (2) in clause (2),— (a) in sub-clause (i), for the words “thirty paisa” and “fifteen paisa”, the words “three rupees” shall in each case be substituted; (b) in…