Punjab Finance Act, 1968

From: 1968-06-29 - To: 0000-00-00 An Act to continue and levy certain taxes and surcharges in the Province of the [3][Punjab] Preamble.— WHEREAS it is expedient to continue and levy certain taxes and surcharge in the Province of [4][the Punjab]; It is hereby enacted as follows:- 1. Short title commencement and extent.— (1) This Act may be called the [5][Punjab] Finance Act, 1968. (2) It shall come into force on and from the first day of July, 1968. (3) It shall extend, unless otherwise specified hereinafter, to the whole of the [6][Punjab] except the Tribal Areas. 2. Surcharge on Agricultural Income-tax in certain Districts.— (1) There shall be levied and collected from every owner of land which is assessed to agricultural income-tax in the Districts of [7][* * *] Compbellpur[8], Dera Ghazi Khan, Gujranwala, Gujrat, Jhelum, Jhang, [9]Lahore, [10]Lyallpur, Mianwali, [11]Multan, Muzaffargarh, Rawalpindi, Sahiwal, Sargodha, Sheikhupura and Sialkot, on the land-revenue payable in the agricultural year, 1967-68, an additional amount of agricultural income-tax by way of surcharge at the rate specified in the First Schedule. Explanation— For purposes of this section, “agricultural year” means the agricultural year as defined in the West Pakistan Land Revenue Act, 1967[12]. (2) The provisions of [13][* * *] the Punjab Agricultural Income-Tax Act, 1951, shall, so far as may be, apply to the assessment, collection and recovery of the surcharge imposed under this section. 3. Tax on cinemas.— There shall be levied and collected a tax on cinemas payable by the owner or management thereof at the following rates for the financial year, 1968-69:- (i) In the case of a cinema classed as a first class cinema. One thousand rupees. (ii) In the case of a cinema classed as a second class cinema. Five hundred rupees. (iii) In the case of a cinema classed as a third class cinema. One hundred rupees. 4. Surcharge on motor vehicles tax.— There shall be levied and collected in any area in which a tax is imposed on motor vehicles by or under any enactment in force in [14][the Punjab], a surcharge on such tax, payable by the person by whom the tax is payable, at the following rates for the…