The ASSAM FINANCE ACT, 1941
. 61

### . ASSAM ACT IX OF 1941 *

#### THE ASSAM FINANCE ACT, 1941

(Published in the Assam _Ga;:.etfe_ of the 13th August 1941.)

_An Act_ _to fix_ _the rates_ _at which_ _agricultural_ _income_ _shalt_ _be_ _taxed_

_under the_ _Assam_ _Agricultural_ _Income-tax Act, 1939_

WHERBAS it is expedient to fix the rates at which agri-

eultural income shall be taxed under the Assam Agricul-

tural I ncome-tax Act, 1939 ; it is hereby enac'ted as
follows:-

#### !. (1) This Act may be calJed the Assam Finance Aet,
1941.

(2) It extends to the whole of Assam.

2. The rates of agricultural income-tax for the yea

t beginning on the 1st of April, 1941, shall for the purpose o

ax. sections 3 and 6 of the Assam Agricultural Income-tax Act, Assam Act

1939, be the rates given below:-                         - l.IC of 1939.

A .-In the case of every Hindu undivided or Joint

Family-

( a) at the rate applicable under the list of rates

contained in paragraph B below to a ~urn

equal to the share of a brother if such share

ex~eeds Rs.S,OOO;

_(b)_ at four pies in the rupee, if the share of a brother
is Rs 5,000 or less .

B.-In the case _of_ every individual, firm and other

association of persons (other than Companies)-

Rate.

1. On the first Rs.I,SOO of Nil.
total income.
2. On the next Rs.3,500 of Nine pies in the rupee.
total income.                             -

3. On the next Rs.5,000 of One anna and three pies in

total income. the rupee.
4. On the next Rs.5,000 of Two annas in the rupee.

total income.

5. On the balance of total Two a'nnas and six. pies in

income. the rupee.

C.-In the case of every Company-

On the whole total income Two annas and six pies in
the rupee.

Provided always that-

(i) No agricultural income-tax sball be payable on a

total agricultural income which does not exceed

Rs.S,OOO, 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.

*For Objects and Reasons _see_ _Assam_ _Ga{.etle_ page I dat,cd Uth

February., 1941, Part V.


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