Part VI: Finance, Property, Contracts and Suits
Chapter 1: Finance.
| National Finance Commission.
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| Natural gas and hydro-electric power. 361[
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| Prior sanction of President to Bills affecting taxation in which Provinces are interested. No Bill or amendment which imposes or varies a tax or duty the whole or part of the net proceeds whereof is assigned to any Province, or which varies the meaning of the expression "agricultural income" as defined for the purpose of the enactments relating to income-tax, or which affects the principles on which under any of the foregoing provisions of this Chapter moneys are or may be distributable to Provinces, shall be introduced or moved in the National Assembly except with the previous sanction of the President. |
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| Provincial taxes in respect of professions, etc. 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 |
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| Grants out of Consolidated Fund. 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. |
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| Exemption of certain public property from taxation.
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| Power of Majlis-e-Shoora (Parliament) to impose tax on the income of certain corporations, etc.
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Notes
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 :
(ii) taxes on sales and purchase;
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 :
(1) Notwithstanding the provisions of Article 78 the net proceeds of the Federal duty of excise on natural gas levied at well-head and collected by the Federal Government, and of the royalty collected by the Federal Government, shall not form part of the Federal Consolidated Fund and shall be paid to the Province in which the well-head of natural gas is situated.
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".
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