The Assam Finance Act, 1977
Registered No. A-12

_l_

# The Assam Gazette

~}fl6~ct '

EXTRAORDINARY

91~-<ri\'!'W'f 1Wfi ~~

PUBLISHED BY AUTHORITY

il\ 48 f~9f.:q, ~~~~1A', 31 ~tlf, 1977, 10 15'\!i, 1899 "t<!i
No. 48 Dispur, Thursday, 31st March. 1977, lOtli Chaitra,

1899 (~. E.),

###### G6VERNMENT OF ASSAM

ASSAM LEGISLATIVE ASSEMBLY SECRETARIAT

NOTIFICATION

The 31st March 1977

No.LJL~39/77/3 . -The following Act of the Assam Legislative
Assembly which received the assent of the Governor is hereby publi-
shed for general information.


-----

250 THE ASSAM GAZETTE. EXTRAORDINARY, MARCH 31, 1977

ASSAM ACT II OF 1977

(Received the assent of the Governor on 30th March 1977~

THE ASSAM FINANCE ACT, 1977.

AN

ACT

to fix the rates of Assam Agricultural Income Tax and the Assam
Purchase Tax for the financial year 1977-78i

Preamble. Whereas it is expedient to fix the rates at which Assam Acts

the Assam Agricultural Income Tax and the Assam 1~0~\~9

Purchase Tax ~h all be levied and charged under ofn 1967.
the Assam Agricultural Income Tax Act, 1939 and
the Assam Purchase Tax Act, 1967 for the financial
year 1977-78.

###### It is hereby enacted in the Twenty-eighth Year
 of the Republic of India as follows : -

Short title, 1. ( 1) This Act may be called the Assam
extent and Finance Act, 1977.
comm ence-
ment.
(2) It extends to the whole of the State of
Assam.

, (3) It shall be deemed to have come into
force on the 1st day of April, 1977.

Rates of 2. The rates of Agricultural Income Tax for

tgricult¥-ra1 the year beginning on the 1st day of April, 1977

ncom~ ax. shall, for the purposes of sections 3 and 6 of the
Assam Agricultural Income Tax Act, 1939, be the
rates given below : -

A. In the case sf every individual, Hindu
undivided or joint family, firm and other associa-
tion of persons (other than companies)-

Rates;

(a) on the first Rs. 1,000 of total Nil.
income.

(b) on the next Rs. 2,500 of total . Five paise in the . rupee:

income.

(c) on the next Rs. 2,500 of total Nine pa1se m the rupee.
income.

' (d) on the next Rs. 2,500 of total Fourteen paise in the rupee.
income.


-----

###### THE ASSAM GAZETTE~ EXTRAORDINARY, MARCH 31, 1977 25J

Rates.

(e) on the next Rs. 2,500 of total Seventeen paise in the rupee.
income.

(f) on the next Rs. 2,500 of total Twenty-one paisein the rupee.
income.

(g) on the next Rs. 5,000 of total Twenty-nine paise in the
income. rupee.

(h) on the next Rs. 30,000 of total Thirty-nine paise IU the
income. rupee.

I ,. 11 ' on the next Rs 50,000 of total Fifty-two paise in .the rupee.
income.

(j) on the next RCJ. 1,00,0.00 of total . Sixty-five paisc in the rupee.
income.

(k) on the balance of total income. Seventy paise in the- rupee.

###### • B. In the case of every company-
### ""

(a) The total income of which does Fifty-two paise in the rupee.
###### not exceed Rs. 1,00,000, on the
whole of total income,

---- ·'

(b) The total income of which exceeds Sixty-five paise in the rupee.
Rs. 1,00,000 but does not

exceed Rs: 2,00,000, on the
whole of total income.

(c) The total income of which exceeds Seventy paise in the rupee.
###### Rs. 2,00,000, on the whole of
total income.

Provided always that :-

(i) no Agricultural Income-Tax shall be
payable on a total Agricultural Income
which does not exceed Rs. 8,000;

(\i) in respect of paragraph A, the Agricultu-

. ral Income Tax payable · shall not exceed
half the amount by which the total
Agricultural Income exceeds Rs.8000; and

(iii) in respect of paragraph B, the Agricultu-

ral Income Tax payable shall not exceed
the difference between the total Agricul-
tural Income and the following limits :-


-----

252 I.HE A5-SAM GAZETTE, EXTRAORO'INARY', MARC'H 3'(, 1'971

(a) rupees forty-eight thousand increased by one
percent of the excess of the total agricul-
tural income rover Rs. 1,00,000 in the case
###### of every company I the total agricultural
income of which exceeds Rs. 1,00,000 but
does not                   - xce~d Rs.,2,00,QOO;

(b) rupees seventy thousand increased by two
and half percent of the excess of the total
agricultural income over Rs. 2,00,000 in the
case of every company the total agricul-
tural income of which exceeds Rs.2,00,000,

Rates of 3. The rates at which the tax shall be levied Assam _At t_

Assam Pur- and collected on the purchase of the items of the XIX of
chase Tax. S h 1967.
chedule under t e Assam Purchase Tax Act, 1967,
shall be as follows : ..:....

in respect of item. 1. Four paise per rupee value of the

price at which the taxable goods
are purchased.

in respect of items 2 and 3. Three paise per rupee value of the

price at which the tax.able goods
are purchased.

in respect of item 4. Two paise per rupee value of the

price at which the taxable goods
are purchased.

U. TAHBILDAR,
Secretary to the Government of Assam,
Legislative Department.

GAUHATI-Printed and published by the Supdt. i/c, Assam Govt. Printing
Press, (Ex.Gazette) No, 95-J,625+100-31-3-77.


-----

