Amendment status not verified — confirm the current text below against the official source.
In the principal Act, in section 61, in sub-section (1), - (A) in clause (a),– (i) in the third proviso, in the Table, after Serial No. 4, the following Serial No. and the entries relating thereto shall be added, namely:- "5 Persons, who had served, or are serving, Full."; in any rank, whether as a combatant or a non-combatant, in the Naval, Military or Air Forces of the Union of India. (ii) in the fourth proviso, for the sign "." appearing at the end, the sign ":" shall be substituted and thereafter, the following proviso shall be inserted, namely:- "Provided further that in case of buildings and lands of Units or Projects covered under the Notification, the ‘Fiscal Incentives for Industrial Promotion-2013’ as notified by the Government of Punjab, Department of Industries and Commerce,– vide No. CC/FIIP/2013/5343 dated 5th December, 2013, the exemption shall be available to such Units or Projects subject to the terms and conditions set and to the extent indicated therein, on production of a certificate from the nodal agency specified in the said Notification."; and (B) In clause (aa), for the Table, excepting the provisos thereto, the following Table and Explanation shall be substituted, namely:- Category of building Rate of tax "1 Self occupied residential (i) Fifty rupees in case land area is building fifty square yards or below, having covered area not more than 450 square feet; (ii) One hundred and fifty rupees in case land area is one hundred square yards or below, having covered area not more than 900 square feet; (iii) Half per cent of the annual value in case the land area is fifty square Amendment in section 61 of Punjab Act 3 of