Assam · 1945 · Act 1
THE ASSAM FINANCE ACT, 1945
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ASSAM ACT I OF 1945
*THE ASSAM FINANCE ACT, 1945
(Published in the Assam Gazette, Extraordinary, of the 29th
March. 1945}
An Act to fix the rates at which Agricultural income shall be taxed
under the Assam Agricultural i ncome-tax Act, 1939
W uEREII.s it is expedient to fix the rates at which Agri
cultural income shall be taxed under the Assam Agricultural
I ncome-tax Act 1939, it is hereby enacted as follows :-
1. (1) Thi.s Act may be called the Assam Finance Ac t,
1945.
l2) It extends to the whole of Assam.
2. The rates of agricultural income· tax for the year
beginning on the 1st of April, 1945, shall, for the purpose of
sections 3 and 6 of the Assam Agricultural Income-tax Act, Assam Act
l 939, be the rates given below : I X of 1939,
A. Tn the case of every Hindu undivided or J oint
Family-
(a) at the rate applicable under the list of rates contain
ed in paragraph B below to a sum equal to the share of a
brother if such share excc:cds Rs.5,000,
(b) a t four pies in the rupee, if the share of the b rother
is Rs.S ,000 or less. .
B. In the case of every individual, firm and other
association of persons (other than Companies) -
1. On the first Rs. 1,500 of
total income.
2. On the next Rs.3,500 of
total income.
3. On the next Rs. 5, 000 of
total income.
Rate
Nil.
Nine pies in
t he rupee.
O ne artna and
three pies in
the rupee.
- -----·----- ----·--------- -
1. Substituted by the A. Q ., 1950 for "Provincial" .
*For Objects and Reasons see Asram Gazette page 1, part V, dated
the 24th January 1945,
86
4 . On the next Rs. 5,000 of
total income.
5 On the balance of total in
come.
C. In the case of every Company
On the \~hole total income
Two annas in
the rupee.
Two annas and
six pies m
the rupee.
Two annas and
six pies in the
rupee.
Provided always lhat-
(i) No agricultural income-tax shall be payable ou a
total agricultural income which docs 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 in
come exceeds R s.3,000.
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