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  • Punjab Budget Commentary 2019

Punjab Budget Commentary 2019

12 July 2019


This memorandum has been prepared for our clients and staff for information and guidance only and is available for interested persons at our website The notes contained herein are based on the Provincial Act, presented in the Provincial Assembly of Punjab on June 28, 2019. All changes approved through the Provincial Act are effective July 1, 2019, by the Provincial Assembly of Punjab. Approved modifications in certain other Provincial laws are also summarized in this Memorandum.

This Memorandum is correct to the best of our knowledge and belief at the time of publication. It is intended to provide only a general outline of the subjects covered. It should neither be regarded as comprehensive nor sufficient for making decisions, nor should it be used in place of professional advice. The Firm does not accept any responsibility for any loss arising from any action taken or not taken by anyone using this publication.

Clients are advised to consult the actual text of the Act while interpreting the specific provisions and to consult our tax department for clear advice on specific issues.