New criteria of institutional tax in Punjab notified

Punjab Government has reissued notification u/s 3(1) of The Punjab (Instituitions and other Buildings) Tax Act, 2011 leving institutional and Building tax as per the new criteria.

The earlier criteria of the tax at a fixed rate of Re. 1/- per square feet of the floor areas of institutions and Buildings situated outside the jurisdiction of municipalities in Punjab, was quashed by the Punjab & Haryana High Court in KRBL Limited vs State of Punjab.

The new notification can be downloaded as below:

Notification institution and Building Tax

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