Amendment status not verified — confirm the current text below against the official source.
PUNJAB GOVT. GAZ. (EXTRA), AUGUST 21, 2014 (SRVN 30, 1936 SAKA) 104 yards or below OR one hundred square yards or below, but the covered area exceeds the stipulation indicated in (i) and (ii) above; (iv) Half per cent of the annual value, in case the land area is five hundred square yards or below; and (v) One per cent of the annual value, in case the land area is more than five hundred square yards. 2 Residential building under Three per cent of the annual value. the occupation of tenant (s) 3 Self occupied non- Three per cent of the annual value. residential building 4 Self occupied industrial One and half per cent of the annual building value. 5 Non-residential building under Ten per cent of the annual value.". the occupation of tenant(s) Explanation.– It is hereby clarified that if a portion of a building and/or land is used for more purposes i.e.– (i) the self occupied residential building for non-residential purpose or on rent for residential purpose or on rent for non-residential purpose; or (ii) the self occupied non-residential building for residential purpose or on rent for residential purpose or on rent for non-residential purpose; or (iii) the self occupied industrial building on rent, or used for residential purpose, or used for non-residential purpose; the rate of tax for that portion of the building and/or land shall be the rate specified in the table above according to its use.".