Bill to give effect to the financial proposals of the federal government for the. Budget 20 confirmed measures to be included in finance. The finance bill, 20 seeks to prescribe the rates of incometax on income liable to tax for the assessment year 20 14. Rates for deduction of incometax at source during the financial year 2014.
Memorandum explaining the provisions in the finance bill, 20. 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. Direct tax laws amendments made by the finance act, 20 applicable for june 2014 and december 2014 examination page 2 marginal relief. More new taxes will be imposed in this budget 2014. 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. It improves the quality of decisions, provides justification of structure of. House of commons public bill committee on the finance no. Be it enacted by parliament in the sixtyfourth year of the republic of india as follows. Macroeconomic framework for the relevant financial year. Bill to give effect to the financial proposals of the central government for the financial year 202014.
Punjab assembly passes finance bill, tax target set at rs126. This data set includes vetoed reappropriation items from the 2014 enacted budget bills by veto number, agency, bill, fund type and justification. The federal budget is being finished for the financial year 2014. The provisions of the finance bill, 20 relating to direct taxes seek to amend.
This clause imposes a charge to income tax for the tax year 2014. Copy of the finance bill 20 presented in the federal budget 2014 pakistan raw format. Letter of indicative budget ceilings 3 years to the paos of ministries divisions for current. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. The provisions of the finance bill, 20 relating to direct taxes seek to amend the incometax act,wealthtax act and finance no. Letter to the chair, from david gauke mp, hm treasury, dated 2 april 2014 pdf 0. The table below sets out the amount of the basic rate limit for 2014, the indexed. Chapter i preliminary short title and commencement. 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. This page sets out information on and documents supporting the passage of finance bill 20 between march and june 20. Issuance of budget call circular 20 14 finance division by 31st december, 2012 monday 2. The effect of this clause is to override the indexed amount for the. Finance bill correspondence and memoranda received in relation to this bill are published below. Meetings on rationalisation of basis for recurrent budget 20 14 finance division, ministry division first and second week of january 20 3.821 117 33 716 586 100 1453 462 1269 1127 1389 902 612 676 599 1237 223 1153 656 1108 1472 641 819 1072 440 665 608 697 862 267 428 1165 951 1143 128 1084 916 1428 1003 272 552 1360 1344 340 1334