Bill to give effect to the financial proposals of the federal government for the. Macroeconomic framework for the relevant financial year. The rates for deduction of incometax at source during the financial year 2014 from certain incomes other than salaries have been specified in part ii of the first schedule to the bill. Here you can browse the record of the public proceedings of the house of commons public. Finance bill 2014 explanatory notes parliament publications.
The effect of this clause is to override the indexed amount for the. This clause imposes a charge to income tax for the tax year 2014. This data set includes vetoed reappropriation items from the 2014 enacted budget bills by veto number, agency, bill, fund type and justification. Letter of indicative budget ceilings 3 years to the paos of ministries divisions for current. The provisions of the finance bill, 20 relating to direct taxes seek to amend. Chapter i preliminary short title and commencement. Budget 20 confirmed measures to be included in finance. The provisions of the finance bill, 20 relating to direct taxes seek to amend the incometax act,wealthtax act and finance no. Copy of the finance bill 20 presented in the federal budget 2014 pakistan raw format. Memorandum explaining the provisions in the finance bill, 20. Rates for deduction of incometax at source during the financial year 2014. Meetings on rationalisation of basis for recurrent budget 20 14 finance division, ministry division first and second week of january 20 3. A bill to grant certain duties, to alter other duties, and to amend the law relating to the national debt and the public revenue, and to make further provision in. Bill to give effect to the financial proposals of the central government for the financial year 202014.
The finance bill, 20 seeks to prescribe the rates of incometax on income liable to tax for the assessment year 20 14. Punjab assembly passes finance bill, tax target set at rs126. Issuance of budget call circular 20 14 finance division by 31st december, 2012 monday 2. Summary of the finance act 20 a bill to grant certain duties, to alter other duties, and to amend the law relating to the national debt and the public revenue, and to make further provision in connection with finance. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. Section 12 finance act 2012 provides the main rates of income tax. Finance bill correspondence and memoranda received in relation to this bill are published below. This page sets out information on and documents supporting the passage of finance bill 20 between march and june 20. Be it enacted by parliament in the sixtyfourth year of the republic of india as follows. The table below sets out the amount of the basic rate limit for 2014, the indexed. The federal budget is being finished for the financial year 2014. It improves the quality of decisions, provides justification of structure of. More new taxes will be imposed in this budget 2014.
1268 875 166 1209 99 237 1048 544 1486 1319 1491 802 964 297 1613 1325 499 1379 461 518 1274 148 301 855 1564 1234 137 664 1477 466 69 192 273 83 1348