Amendment status not verified — confirm the current text below against the official source.
PUNJAB GOVT. GAZ. (EXTRA), AUGUST 21, 2014 (SRVN 30, 1936 SAKA) 109 covered area exceeds the stipulation indicated in (i) and (ii) above; (iv) Half per cent of the rateable value, in case the land area is five hundred square yards or below; and (v) One per cent of the rateable value, in case the land area is more than five hundred square yards. 2 Residential building under Three per cent of the rateable value. the occupation of tenant (s) 3 Self occupied non-residential Three per cent of the rateable value. building 4 Self occupied industrial One and half per cent of the rateable building value. 5 Non-residential building under Ten per cent of the rateable 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:".