Wealth Tax Manual - PakSearch.com

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The First Schedule
^{1Title "The Schedule" re-numbered as "First Schedule". The Schedule was earlier substituted by Finance Act, 1994 before renumbering.

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2Substituted for "(xvi) of sub-section (1) of section 5" by Finance Act, 1996.

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3Clause (c) inserted by Finance Act 1997.

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4Substituted for "the Schedule" by Finance Act, 1996.

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Following paragraph

(A) In the case of rented properties where the property tax assessed for any year under the West Pakistan Urban Immovable Property Tax Act, 1958 (W.P. Act V of 1958), as adopted by the Provinces in which the property is located or any other law for the time being in force exceeds Rs. 15,000

25% of such property tax.

shall be omitted by No. F. 22 (13)/98 -Legis dated 1^st July 1998.

5Existing paragraph A lettered as "A" by Finance Act, 1997.

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6Substituted for "located," Finance Act, 1995. Earlier the amendment was made by Wealth Tax (Amendment) Ordinance, 1994 dated 2nd February, 1994 and Wealth Tax (Amendment) Ordinance, 1995 dated March 12, 1995.

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7Paragraph "B" inserted by Finance Act, 1997.

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Part III shall be added by No. F. 22 (13)/98 - Legis. Dated 1^st July 1998.

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