Source: http://legalmatterspk.blogspot.com/2016/02/chapter-1-finance-of-part-vi-finance.html
Timestamp: 2018-04-26 11:16:01
Document Index: 400745052

Matched Legal Cases: ['Art 2', 'Art 2', 'Art 2', 'Art 2', 'Art 2', 'Art 2', 'Art 2']

Legal Matters: Chapter 1: "Finance." of Part VI: "Finance, Property, Contracts and Suits"
(1) Within six months of the commencing day and thereafter at intervals not exceeding five years, the President shall 356 constitute a National Finance Commission consisting of the Minister of Finance of the Federal Government, the Ministers of Finance of the Provincial Governments, and such other persons as may be appointed by the President after consultation with the Governors of the Provinces.
(3) The taxes refer red to in paragraph (a) of clause (2) are the following taxes raised under the authority of 357[Majlis-e-Shoora (Parliament)] 357, namely: -
358[
] 358
359[
] 359
(4) As soon as may be after receiving the recommendation, of the National Finance Commission, the President shall, by 360 Order, specify, in accordance with the recommendations of the Commission under paragraph (a) of clause (2), the share of the net proceeds of the taxes mentioned in clause (3) which is to be allocated to each Province, and that share shall be paid to the Government of the Province concerned, and, notwithstanding the provision of Article 78 shall not form part of the Federal Consolidated Fund.
361[
] 361
A Provincial Assembly may by Act impose taxes, not exceeding such limits as may from time to time be fixed by Act of 362[Majlis-e-Shoora (Parliament)] 362, on persons engaged in professions, trades, callings or employments, and no such Act of the Assembly shall be regarded as imposing a tax on income. Miscellaneous Financial Provisions
The Federation or a Province may make grants for any purpose, notwithstanding that the purpose is not one with respect to which 363[Majlis-e-Shoora (Parliament)] 363 or, as the case may be, a Provincial Assembly may make laws.
(1) The Federal Government shall not, in respect of its property or income, be liable to taxation under any Act of Provincial Assembly and, subject to clause (2), a Provincial Government shall not, in respect of its property or income, be liable to taxation under Act of 364[Majlis-e-Shoora (Parliament)] 364 or under Act of the Provincial Assembly of any other Province.
(2) If a trade or business of any kind is carried on by or on behalf of the Government of a Province outside that Province, that Government may, in respect of any property used in connection with that trade or business or any income arising from that trade or business, be taxed under Act of 365[Majlis-e-Shoora (Parliament)] 365 or under Act of the Provincial Assembly of the Province in which that trade or business is carried on.
366[
(1) 367[Majlis-e-Shoora (Parliament)] 367 has, and shall be deemed always to have had, the power to make a law to provide for the levy and recovery of a tax on the income of a corporation, company or other body or institution established by or under a Federal law or a Provincial law or an existing law or a corporation, company or other body or institution owned or controlled, either directly or indirectly, by the Federal Government or a Provincial Government, regardless of the ultimate destination of such income.
] 366
356 For the notification constituting the National Finance Commission, see Gazette of Pakistan, 1974, Extraordinary, Part II, pages 191-192.
357 Substituted by Revival of Constitution of 1973 Order, 1985 (President's Order No. 14 of 1985), Art 2, Sch. item 1 (with effect from March 2, 1985) for "Parliament".
358 Substituted by Constitution (Fifth Amendment) Act, 1976 (62 of 1976), Section 3 (with effect from September 16, 1976) for :
359 Inserted by Constitution (Eighteenth Amendment) Act, 2010, Section 59 (with effect from April 19, 2010).
360 For such Order, see the Distribution of Revenues and Grants-in-Aid Order, 1975 (President's Order No.2 of 1975).
361 Substituted by Constitution (Eighteenth Amendment) Act, 2010, Section 60 (with effect from April 19, 2010) for :
362 Substituted by Revival of Constitution of 1973 Order, 1985 (President's Order No. 14 of 1985), Art 2, Sch. item 1 (with effect from March 2, 1985) for "Parliament".
363 Substituted by Revival of Constitution of 1973 Order, 1985 (President's Order No. 14 of 1985), Art 2, Sch. item 1 (with effect from March 2, 1985) for "Parliament".
364 Substituted by Revival of Constitution of 1973 Order, 1985 (President's Order No. 14 of 1985), Art 2, Sch. item 1 (with effect from March 2, 1985) for "Parliament".
365 Substituted by Revival of Constitution of 1973 Order, 1985 (President's Order No. 14 of 1985), Art 2, Sch. item 1 (with effect from March 2, 1985) for "Parliament".
366 Inserted by Constitution (Amendment) Order, 1985 (President's Order No. 11 of 1985), Art 2 (with effect from February 24, 1985).
367 Substituted by Revival of Constitution of 1973 Order, 1985 (President's Order No. 14 of 1985), Art 2, Sch. item 1 (with effect from March 2, 1985) for "Parliament".
Posted by MOHSIN PERVAIZ at 21:54
Labels: constitution of pakistan, Contracts and Suits Rights, Finance, Fundamental Rights and Principles of Policy, Property