GOVERNMENT OF THE PUNJAB EXCISE & TAXATION DEPARTMENT Lahore dated the 30” June, 2014 No. SO.TAX(E&T)3-38/2014. In partial modification of this department's Notification No, SO.TAX(E8T)3-38/2014, dated 26.06.2014, the Annex “A” of the above mentioned notification |s revised and substituted with immediate effect. Revised Annex “A” is attached herewith. (KHALID MASOOD CHAUDHARY) ‘SECRETARY TO GOVERNMENT OF THE PUNJAB EXCISE & TAXATION DEPARTMENT ‘No. & Date even: ‘A copy with a copy of the enclosures is forwarded for information and necessary action to:- 1, The Secretary to Governor, Punjab. 2. The Secretary to Chief Minister, Puned 3, All Administvative Secretaries to Government of the Punjab 4. The Inspector General Police, Punjab 5, The Secretary, Punjab Assembly, Punjab 6 Al Commissioners oF the divisions in Punjab 7. The Registrar, Lahore High Cour, Lahore 8, The Accountant Genera, Punjab, Lahore 9, The Director General, Excise & Taxation, Punjab 10, The Additional Director Genera), Exelse & Taxation, Punjab 11. The Additional Secretary (GenerallStaff Officer to Chief Secretary, Punjab 12, The Assistant Secretary (Legisiation), Punjab Assemo\y 13, The Director General, Public Relations Department Punjeb 14, All District Coordination Officers in Punjad 15, All Directors, Excise & Taxation in Punjab 16. All Executive District Officers (FP) in Punjed 17, All Bxase & Taxation Officers in Punjab 18, All District Accounts Officers in Punjab 18, All District Polce Officers in Puntab 20. The PS to Minister, Excise & Tevation, Pung 21, Al Sections Officers, Excise & Taxation Department, Govt ofthe Punjab 22, ‘The Superintendent Printing Press Punjab, Lahore with the request to publish it in the Gazette Notification (SYED ASHIQ HUSSAIN SHAH) ‘ Depuly Secretary (Tax Payers Factaton)Annex “a” as: F SPE (REVISED 30.06.2014) Ne, |__Type of Property Criteria for assessment 1] Ghamaa) Theatres] | Corporal rats so or ranted as the ase may Be Arorim/mutparsose_| specie in valuation table ofthe respective local. halls 7] Fecarics’ el | Reta aes notion forthe aly, (af reed {menafoetring) units eliing cottage uns as the case may be) with following tebate for land Upto 1 acre: Normal ates Exceeding 1 acre upto 4 acre: 20% reduction Exceeding § acres: 20% reduction ‘The office premises being part of such properties shall be assassed as per commercial rates prescribed forthe locality. Residental areas. wil be assessed 3s_per residential rte prescrioed forthe locality, Furtier SO% Aiscount shall be allowed io properties with seasonal use (Cotton Ginning Factores, Rice Mils, Oil Mil, Toe Factores etx) Wiarrage Wally Banquet Hall, Marriage Lawn/Event Hall Marquee! exhibition centres. Self properties shall be assessed @ 175% of ‘ommercal rate of valuation tables prescribed for locality. Rented properties shall be assessed 3s rates preserbed for commercial rented provertis. Properties bul as residential properties but used for Offices) Educational institutions. 150% of the rates specified in the valuation table of residential properties for te respective local. otes/Motels/Guest Houses & such other Furnished properties. Th exe of portion consisting of rooms) boarding/lodging units usad 2s residential ‘accomadation 409% of the gross annual (365 days) rent shall be taken as GARV. The gross rent shall be ‘worked out on average/normal charges received per room er day. 1) The commercial area shall be assessed self or rented as the case may be as per valuation table prescribed for the locally ii) While calculating covered area, _tobby/ Ketcherymosque and ancillary portion’ shall be excuved. Hostels TS0% of rates spectiod in valuaton tables for rented ‘residential properties ofthe respective locality Hospitals ‘Commercial rate Saf or rented as the case may Be prescribed forthe locality, Patror Pumps/CNe Stations/Car_—— ashy Service Stations Tonmercal rales sof or rented as the ease may Be. Underground area for storage/tanks/Cenopy shall also be accounted for as covered area,Page 2A ‘Plaza and_mult storeved | Narimal commercial rate se or rentad as the ease may builings (buildings with at | be. However, 10% reduction in case of 1% floor and least 4 storeys or more first basement and further 5% reduction for each incluging basement ) foor/oasement upto maximum of 40% shall be alowed for fors above and below ground floor. In case of single ownership lend shall be assessed only ‘once. However, In case of individuals and different ‘ownership lend equal to the respective portion shal ‘also be assessed in each case. Similar, In case of mutiple use of land respective rate of the relevant valuation tables shall be applied in pro-rata manner, It is further aced that paid parking shall be assessed on 50% rented commercial rate of locality & free parking _| to be excluded. 70 | Customized Parking Plazas?) 25% of the commercial rate self or rented as the case Parking Lots ‘may be meant for the loclty. TI [Old resdentiat Bullings |) 10% rebate for building oder than 20 years upto 30 eluding properties | years. mentioned at serial No, 5 | il) 15% rebate for bullding alder than 30 years. above) i | Aovicuture Tands, [As per actual rent in cose of rented end Rs, L0O0/- per Orchards, Nurseries kana, par annum in case of self occupation/ cuiivation. 73 | Pouity Fars, cattle sheds | 50% of the residential rate self or rented as the case and Bhattas (Brick Kilns) | may be preserved forthe locality 77 | Transmission ‘Actual rent in case of rented properties. Sei Communication Towers | commercial rate of valuation tables shall be applied in ‘case of company owned properties. In this case, Whole land area shall be considered as covered aren. TS | Gr Stations Land area & covered area including area installaton/equipment shall be assessed on selfrented commercial rates as the case may be. TE | Froperties Bult & used = | Commercial rates ofthe localities seif or rented es the ‘commercial —_ properties | case may be, (inclucing offices and. customized educational institutions builings) G7 Airpori) Runway Svip/ Dry 1) Land & covered area shall be assessed as per self or Ports/Open Yards. rented, commercial rate of the local. ii) Runway Strip & Tad area, Dry Ports Open Yards Including Logistic Tracks to be assessed at 25% of les the self or rented commercial rate of te local TB Open pkt being used for | 200% of the rate of the valuation tobie meant for the ‘commercial purposes lend area presorbed for the locality, self or rented, as the case mey be. 75" Stadium, spats complex ||. Commercial area self or rented to be assessed as suchlike sports stes| per commercial rate of local. inclucing swimming pools |i, Playing fieds/areas to be assessed at residential (ether than those being | rate of the locality elf or rented as the case may part of any residential or be. Commercial. progerties)| il. Open srea/land other than the above to be Race Courses/ venues or | assessed at residential rate rented or self as the any ather games of sports | case may be. sites,