The Assam Taxation Laws (Amendment) Act, 1998
Registered No.-768/97

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## THE ASSAM GAZETTE

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 EXTRAORDINARY

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##### PUBLISHED BY AUTHORITY

~ 111 ~9.[~. "lJRR, 5 ~ef. 1998, 15 ~. 1920 (¥f<fi)

No.111 Dispur, Friday, 5th June, 1998, 15th· Jyaistha, 1920 (S.E.)

GOVERNMENT OF ASSAM

ORDERS BY 1HE GOVERNOR

LEGISLATIVE DEPARTMENT:: LEGISLATIVE BRANCH

##### NOTIFiCATION

The 4th June, 1998

No.LGL.45/93/130.--The following Act of the Legislative Assembly
which received the assent of the Governor is hereby published for
general information.


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904 Tiffi ASSAM GAZETIE. EXTRAORDINARY. JUNE 5. 1998

ASSAM ACT No. VI of 1998

(Received the Assent of the Governor on 30th May, 1998)

TIIE ASSAM TAXATION LAWS (AMENDMENI) ACT, 1998.

AN

ACT

further to amend the Assam Taxation (On

Specified Lands) Act, 1990 and the Assam
Agricultural Income Tax Act, 1939.

Preamble. Whereas it is expedient further to amend the Assam

Assam Taxation (On Specified Lands) Act, 1990 and Act-XII
the Assam Agricultural Income Tax Act, 1939, in the of 1990
manner herein-after appearing ;             - and Assam

ActIXof
It is hereby enacted in the Forty-ninth Year of [1939]·

the Republic of India as follows :-

Short title, 1.(1) This Act may be called the Assam Taxation
and Laws (Amendment) Act, 1998.

commencement.

(2) It shall be deemed to have· come- into force on
the 1st day of April, 1998.

CHAPTER              - I

Amendment to the Assam Taxation (On

Specified Lands) Act, 1990.             - ,. '

Amendment 2. In the Assam Taxation (On Specified Lands) Act, ·
of Section-5. 1990, in section 5, -

(i) in clause (c), for the word "thiny" occuring at Assam
the beginning, the word "thirty two" shaJl be Act-XII
substituted ; of 1990.

(ii) in clause (d), for the words "twenty seven",

occuring before the word "paise" at the end, the
words "twenty nine" shall be substituted.

##### CHAPTER-II

Amendments to the Assam Agricultural Income
Tax Act, 1939.


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Amendment 3. In the Assam Agricultural Income Tax Act, 1939, Assam
of section 8. (herein-after referred to as the principal Act) in Act-IX
section 8, after sub-section (4), the following new of 1939.
sub-section as sub~section (5) shall be inserted,
namely:-

"(5) In determining the net agricultural income, a
deduction at the rate of 50 (fifty) paise for every
kilogram of tea exported through Inland Container
Depot (ICD), Amingaon shall be allowed to the
assessee from his agricultural income :

Provided that this deduction shall be
effective on and from 1st April, 1998 for a period
of two years only.

Provided further that the State Government
may, by notification in the Official Gazette, extend
the period of deduction for further periods, not
exceeding one year at a time, subject to such
conditions and restrictions as may be specified in
the said notification."

Amendment 4. In the principal Act, in section 16, in sub-section
of section 16. (2), for the punctuation mark " . ", occuring at the
end, punctuation mark " : ." shall be substituated
and thereafter the following proviso shall be
inserted, namely :

"Provided that if any assessee fails to file his
return of loss of profits or gains for any year in
time in accordance with the provisions of
sub-section (1) of section 19, his claim for
carry-forward and set off of such loss against any
future income as per provisions of sub-section (1)
or ·sub-section (2) of this section shall not be
entertained."

Amendment 5. In the principal Act, in section 52, for the figures
of section 52. "1993-94", occuring between the words "year"
and "shall", the figures "1994-95" shall be
substituted.

M.K.DEKA,
Secretary to the Govt. of Assam,
Legislative Department.

GUW AHATI-Printed and published by the Dy. Director (P. & S.) Directorate of Ptg. &
Sty., Assam, Guwahati-21 (Ex-Gazette) No. 175-450-600-9-6-98.


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