THE ASSAM FINANCE ACT, 1939

X/ hot -----­ASSAM ACT X OF 1939 c:::---- THE ASSAM FINANCE ACT, 1939 [Passed by the Assam Legislature] [Received the assent of the Governor on the 18th August 1939.] [Published in the Assam Gazelle of 23rd August l939.] An Act to fi:< !Itt rates at which agricultural incor11e sliall be taxed under the Assam Agricultural Income­ fax Act, 1939, and to fix the rates at wltidt the sales of articles of luxury shall b~ taxed utzder the Assam Sales Tax A~l, 1939, WHEREAS it is expedient to fix the rates at which agricultural income shall be taxed under the Assam Agricultural Income-tax Act, 1939, and to fix the rates at which the sales of articles of luxury shall be ta.xed under the Assam Sales Tax Act, 1939 ; It is hereby enacted as follows:- Short title 1. (1) This Act may be ca1led the Assam and extent. Finance A~t. 1939. (2) It extends to the whole of Assam. RateF of 2. The rates of agricultural income-tax for the Agricultural year beginning on the 1st of April, 1939, shall lncome-tax. for the purpose of sections 3 and 6 of the Assam Agricultural Income-tax Act, 1939, be the rates given below :- A.-In the case of every Hindu undivided or Jo!nt Family- (a) at the rate applicable under the list of rates contained in paragraph B below to a sum equal to the share of a bro­ ther if such share exceeds- Rs.S,OOO ; (b) at four pies in the rupee, if the share of a brother is Rs.S,OOO or less. B.-In the case of every individual, firm and' o ther association of persons (other than· Com­ panies)- Rate 1. On the first Rs.l,SOO of total income. . Nil. 2. On the next Rs.3,500 of total income .. Nine pies in the rupee. 3. On the next R1.S,ooo of total income .. One anna and three pies m the rupee. 4. On tl1e next Rs.S,OOO of total income .. Two anna.9 in the 1upee. 5. On the balance of total income Two ann as and :Rriu : Indian annas 3, six pies in the rupee. Ptice : English 3</..,. tO 2 C'.-In the case of every Company- On the whole of total income Provided always that­ Two ann.'ls and six ptes in the rupee. (i) no agricultural income-tax shall be pay­ able on a total agricultural income which does not exceed Rs.3, 000, and (ii) the agricultural income-tax payable shall in no case exceed half the amount by which the total agricultural income exceeds Rs.3,000. Rates or 3. The tax levied under section 3 l ) of the Sale Tax· Assam Sales 1 ax Act, 1939, shall be a tax of !'i per centum on the retail sale of each of the following articles:- Motor Cars. Motor Cycles.. Radio or Wireless Sets.. • scan0001 scan0002