The Assam Finance Act, 1976
###### Registered No.-A-1z:·

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### The Assam Gazette

###### EXTRAORDINARY .

 PUBLIRHED BY AUTHOIUTY
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'f~ 43, fwt-t~~. 11t~t~, 31 ~ts ', 1976, 11 1'''5, I 898 llf<l'"

No. 43, Dispur, Wedne~day, 31st March, 1976, 11th Chaltra
1898 (St E.) .. '                          - '

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GOVERNMENT OF ASSAM

ORDERS BY THE GOVERN OR r·

LAW DEPARTMENT

NOTIFICATION

The 27th March 1976

No.LJL.39/76/~.-Tbe following Act of the Assam Leaislative
Assembly w~ich received the assent of the Governor is~ hcteby published,

for general mformation.


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....,_ '· __ --
ASSAM ACT V OF 1976

i b _(Received_ _the_ _assent_ _of_ _the_ _Governor_ _of_ _Assam_

_on 26th l\1arch 1976)_

THE ASSAM FINANCE ACT, 1976 .

.                  - .. ... ,.

\ _An_

.~\.

j.- -..-. _Act_

to _fix_ _the_ _rates_ _of Assam Agricultural Income-tax_
_and_ _the_ _Assam Purchase-tax_ _for_ _the_ _finan-_
_cial_ _year_ _1976-77._

Preamble. Whereas it is expedient to fix the rates at

which the Assam Agricultural Income-tax and
the Assam Purchase-tax shall be levied and
charged under the Assam Agricultural Income-
tax Act, 1939 and the Assam Purchase Tax Assam Acts

Act, 1967 for the financial year 1976-77; IX of 1939

and XIX of

1967.
###### It is hereby enacted in the Twenty-seventh
year of the Republic of India as follows:-

Short title, 1. (1) This Act may be called the Assam
extent and Finance Act, 1976.
commence-
ment.

(2) It extends to the whole of the State
of Assam.

f3) It shall be deemed to have come
into force on the first day of April,
1976.

           - Rates of 2· The rates of Agricultural Income-tax
Agricultural
Income-tax. for the year beginning on the 1st April, 1976

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 of every individual, Hindu

undivided or joint family, firm and other
association of persons (other than companies).-

Rates.
(a) on the first Rs. 1,000 of Nil. "'·

-.                               - · fotal income.

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

total income.


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Rates.
(c) on the next: Rs. 2,500 of Nine paise in the rupee.
total income.
(d) on the next Rs. 2,500 of Fourteen paise in the rupee.
total income.

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

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

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

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

(i) on the next Rs. 50,000 of Forty-seven paise in the rupee.
total income.
(j) on the next Rs. 1,00,000 of Fifty-nine paise in the rupee.
total income.
(k) on the balance of total in- Sixty-two paise in the rupee.

come·

B. In the case of every Company,

(a) the total income of which Forty-seven paise in the rupee.
does not exceed Rs. 1,00,000,
on the whole of total in-
come.

(b) the total incorp.e of which Fifty-nine paise in the rupee.
exceeds Rs. 1,00,000 but
does not exceed Rs. 2,00,000,
on the whole of total in-
come.

(c) the total income of which Sixty-two paise in the rupee.
exceeds 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. 5,000;

(ii) [in ] [re][o:pec][t of ] [paragraph ] A, the Agri-
cultural Income-tax payable shall not
exceed half the amount by which the
total agricultural income exceeds

Rs· 5,000 ; and


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2~ TH~ ~SSAM GAZErrE, EXTRAORDINARY, MAR. 31, 1976

(iii) in respect of paragraph B, the Agri-
cultural Income-tax payable shall not
exceed the difference between the total
agricultural income and the following
###### limits:-....

(a) rupees fifty-three thousand increased by
one percent of the excess of the total
agricultural income over Rs· 1,00,000 in
the case of every company the total
agricultural income of which exceeds

Rs· 1,00,000 but does not exceed
Rs. 2,00,000 ;

(b) rupees eighty-two thousand increased by
two and half per cent of the excess of

the total agricultural income over

Rs. 2,00,000 in the case of every company
the total agricultural income of which

exceeds Rs. 2,00,000.

Rates of 3. The rates at which the tax shall be
Assam Pur- levied and collected on the purchase of the

chase Tax. items of the schedule under the Assam Pur-

Assam Ac I
chase Tax Act, 1967 shall be as follows:- XIX of

1967.

in respecJ of items 1, 2 and 3. Three paise per rupee value
of the price at which · the
taxable goods are purchased.

Two paise per rupee value of
in respect of item 4.
the price· at which the taxable
goods are purchased.

U. TAHBILDAR,
Secretary to the Government of Assam,

Law Department.

Oauhati.-Printed and published by the Supdt., i/c., Printing Press,

Directorate of Ptg. & Sty., Govt. of A3sam (Ex·Gazette)

No. 85-1,580+ 1,500-31 ·3-1976.


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