urban immovable property tax
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Urban Immovable Property Tax Act 1958 Pdf Download ⚙⚙⚙ https://geags.com/1vfmae

• (a) + (b) multiplied by the locality factor • For educational Institutions: • The tax shall be calculated on the basis of covered area only.. • Buildings acquired for the use as offices by government, semi-government, non-governmental organizations, Development Financial Institutions, private commercial organizations, guest houses, hostels, banks shall be assessed for the purpose of tax on the basis of twenty percent of the actual annual rent.. [6] [(2) It extends to the whole of the [7] [ Punjab], except the Tribal Areas ] 2.

urban immovable property tax
urban immovable property tax kpk pdf
sindh urban immovable property tax

Rs: 40,000 per annum; • Divisional Headquarter and respective sub-urban areas.. • The tax shall be calculated as under: • Area in square yards • Covered area in square feet, provided that open sheds in the commercial units shall be counted as one half of its total measurements, while calculating the covered area.. There shall be a rebate of 30% on the total tax calculated on the basis of the above factor value in respect of former Divisional Headquarters and 50% rebate on the total tax so calculated in respect of all other rating areas.

urban immovable property tax

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2 50 per square foot of the building The provision of item 5(b) above shall be applicable to all the industrial areas as well.. 22,500/- and those without store at Rs 11,500/- per annum • Service Station of vehicles, irrespective of operating in addition to other service such as filling station or otherwise shall be charged at flat rate of Rs:20,000/- per annum; • Industrial buildings with in the limits of rating areas shall be assessed for the purpose of this tax at a flat rate of Rs.. Enhance the framework of property taxation in the Punjab—the Urban Immovable Property Tax.

urban immovable property tax kpk pdf

THE PUNJAB URBAN IMMOVABLE PROPERTY TAX ACT, 1958 (V OF 1958) CONTENTS 1 Short title and extent 2.. • The locality factors as worked out for computing the tax are- For A1 locality Thirteen (located within 100 yards of either sides of the Main roads of Peshawar as verified by the respective TMA).. The area of the plot as required per item 5(a) above shall not be taken for computing the tax.. – WHEREAS it is expedient to consolidate the law relating to the levy of a tax on urban immovable property in the Province of the [4] [ Punjab]; It is hereby enacted as follows:- 1.

sindh urban immovable property tax

Rs: 30,000 per annum; • District Headquarter and respective sub-urban areas. Short title and extent – (1) This Act may be called the [5] [ Punjab] Urban Immovable Property Tax Act, 1958.. For A locality Ten for B locality Seven for C locality Five for D locality • The above factors are for the Provincial Headquarter, that is for Peshawar.. ] • Building and Lands used for erection of Mobile Phone Towers shall be assessed and taxed at the rates: • Provincial Headquarter.. Definitions 3 Levy of tax 3-A Share of local bodies in the tax Property Taxes in the Large Cities of.. This is to encourage the institutions in providing sports and other recreational facilities to their students; and • The tax calculated on the basis of (a) above shall get a special thirty percent rebate, being provided to all the educational institutions.. Initial UIPT Act 1958 • The commercial areas shall be divided into five localities namely A1, A, B, C and D, depending on the area and the business being carried therein.. • The “A1 and A” localities shall, for the time being, be defined in Provincial Capital.. Updated: Saturday March 08, 2014 / AsSabt Jamada El Oula 07, 1435 / Sanivara Phalguna 17, 1935, at 03:48:40 AM [1] The [2] [ Punjab] Urban Immovable Property Tax Act, 1958 (West Pakistan Act V of 1958) [ 10 April 1958] An Act to consolidate the law relating to the levy of a tax on urban immovable property in the Province of [3] [ the Punjab]; Preamble.. • Petrol pumps and CNG Stations with convenience store shall be charged at flat rate of Rs.

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Urban Immovable Property Tax Act 1958 Pdf Download vinlat