PUNJAB GOVT. GAZ. (EXTRA), AUGUST 21,2014 107 (SRWN30, 1936 SAKA) PARTI GOVERNMENT OF PUNJAB DEPARTMENT OF LEGAL AND LEGISLATIVE AFFAIRS, PUNJAB NOTIFICATION “The 21st August, 2014 No. 20+Leg /2014.-The following Act of the Legislature of the State cof Punjab received the assent of the Govemor of Punjab on the 13th Day cof August, 2014, is hereby published for general information:- ‘THE PUNJAB MUNICIPAL CORPORATION (AMENDMENT) ACT. 2014 (Punjab: Act Now 19 of 2014) aN Act further to amend the Panjab Municipal Corporation Act, 1976. Be it enacted by the Legislature of the State of Punjab in the Sixty- fifth Year of the Republic + Tntia as foltows:- 1, (1). This Act may be called the Punjab Municipal Comporation storie and (Amendment) Act, 2014. som nenaemet. (2) Tt shall be deemed to have come into force on and with effect a from the first day of April, 2013. v 2. In the Punjab Municipal Corperation abet, 1976 (hereinafter Awendoetin sefrted 0 88 the principal AsD, i section 2, in clause (2A), forthe sign SFO +." appearing atthe end, the sign "" shall be substituted and thereafter the Jgrs, following provisos shall be inserted, namely - “Provided that ifthe minimum value of the land upon which an industrial building fs constructed or is likely to be constructed as not declared as industrial land by the Collector, in such a ase. the market Value of the land shall be seventy five per cent of the minimum value of the land fixed by the Collector for aoa- residential bui Provided fher that if the market value of the Iand upoa which an indus is ceonstrusted oF ts likely t0 be constructed is declared as industrial land by the Collector during the year 2014 on or aller the first day of January of the said ie PUNIAB GOVT. GAZ. (EXTRA), AUGUST 21.2014 108 (SRWN30, 1936SAKA) ‘Year, im guch a case the minimum value of the land so fixed shall bbe taken into consideration for calculation of tax for the financial year 2014-15. 3. In the principal Act, in section 90, in sub-section (3-A), in the third proviso, in the Table, after serial No. 4, the following serial No. and in any rank, whether as a combatant oF 4 non-combatant. in the Naval. Military or Air Forces of the Union of India Provided further that in case of buildings and lands of Units oF Projects covered, under the Notification, the “Fiscal Incentives for Industrial Promotion-2013'" as notified by the Government of Punjab, Department of Industries and Commerse, viele No. CC/FIIP2013) $5343 dated Sth December, 2013. the cxemption shall be available to such Units or Projects subject tothe terms sind conditions set and 10 the extent indicated therein, on production of a certificate from the nodal agency specified in the said Notification." cement 4. In the principal Act, in section 97, for the Table excepting the sestion97 of provisos thereto, the following Table and Explanation shall be substituted. Pongbact stot 9% namely = Serial Category of building Rate of tx No. TT Selfeccupied residential (i) Fifiy rupees incase land area isfifty building square yards or below. having covered area not more than 430 square Feet Amendments sexton 13Sof Punjab Act 42 of 1976, (ii)” One hundeed and fifty rupees in case land area is one hundred square yards or below, having (area not more than 900 square feet Half per cent of the rateable value in case the land area is fifty square yards or below OR one hundted square yards oF below, but the PUNIABGOVT.GAZ.(EXTRA), AUGUST 21,2014. 109 (SRVN 30, 1936 SAKA) ‘coveredarea exceeds the sipulat indicated in (and (Zi) above: (iv) Halt per cent of the rateable value, incase the land area is five hundred square yards or below: and (») One per cent of the rateable value, in case the fand area i€ more than five humid square yards. 2 Residential building under __‘Thce percent of tie rateable value. +7 the occupatioa of tenant (5) 3” Self occupied non-residential Thwee percent of the rateable value. 3% building 4 Self eccupied industrial ‘One ari! half per vent of the rateable “a — eet, 4 5 Non-residential building under Ten per eent of the rateable value.”. oO the occupation of tenants) Explanation. is hereby clarified that if portion of a building ander land is used for more purposes i (i) the self occupied residential building for non-residential purpose or on rent for residentisl purpose or on rent for non-residential purpose: or (ii) the self occupied non-residential building for residential porpose cr on ent for residential purpose ron feat for noa-residestisl purpose. o (iti) the self occupied industrial building on rent, oc used for residential purpose, or used for non-residential purpose: the rate of tax for that portion of the building andor land shall be the rate specified in the Table above according to its uses". S. Ta the principal Act. in section H2-A.~ anes (A). in sub-section (3), for the words "twenty five per cent" the pave ala ‘words ‘tem per cent” shail be substituted; ve (B) tor sub-section (S), the following sub-section shall be substituted, namely:~ “(5) If 90 return is files for ‘of that financial yea Financial year by the 31st March unuler sub-section (/), the owner oF PUNJAB GOVT. GAZ. (EXTRA). AUGUST 21, 2014 10 (SRVN 30. 1936 SAKA) The occupier, as the ease may be, shall, in addition to the of the tax, be liable t0 pay twenty per cent of the ihe rate of eighteen per cent per annum of the tax calculated the first a upto the date of payment,’and. the Whole of The amount shall become recoverable under the provisions of section 138 immediately after the expiry of the financial year for which no return has been filed.7= 6. Inthe principal Act. in section 138, for clause (¢), the following, clause shall be substituted, namely:« “(e) by the sealing oréand attachment and saleof defaulter’s immovable Property:". HPS. MAHAL, Secretary 10 Government of Punjab. Departmen of Leyal and Legislative AfFairs, 57008.2014/Pb. Govt Press. SAS. Nagar