The ASSAM FINANCE ACT, 1939
###### ASSAM ACT X OF 1939 c:::----

THE ASSAM FINANCE ACT, 1939 ------

[Passed by the Assam Legislature]

[Received the assent of the Governor on the 18th

August 1939.]

[Published in the _Assam_ _Gazelle_ of 23rd August
l939.]

_An Act_ _to fi:<_ _!Itt_ _rates_ _at_ _which_ _agricultural_ _incor11e_

_sliall be_ _taxed under_ _the_ _Assam Agricultural_ _Income-_
_fax_ _Act,_ _1939,_ _and to_ _fix_ _the_ _rates_ _at_ _wltidt_ _the_
_sales of articles of luxury shall_ b~ _taxed_ _utzder_ _the_

###### Assam Sales Tax A~l, 1939,

WHEREAS it is expedient to fix the rates at

which agricultural income shall be taxed under
the Assam Agricultural Income-tax Act, 1939,
and to fix the rates at which the sales of articles
of luxury shall be ta.xed under the Assam Sales

Tax Act, 1939 ; It is hereby enacted as
follows:-
Short title 1. (1) This Act may be ca1led the Assam

and extent. Finance A~t. 1939.

(2) It extends to the whole of Assam.

RateF of 2. The rates of agricultural income-tax for the
Agricultural year beginning on the 1st of April, 1939, shall
lncome-tax. for the purpose of sections 3 and 6 of the Assam
Agricultural Income-tax Act, 1939, be the rates

given below :-
###### A.-In the case of every Hindu undivided or

Jo!nt Family-

_(a)_ at the rate applicable under the list of
rates contained in paragraph B below
to a sum equal to the share of a bro-

ther if such share exceeds- Rs.S,OOO ;

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

###### B.-In the case of every individual, firm and'

other association of persons (other than· Com-

panies)-

Rate

1. On the first Rs.l,SOO of total income. . Nil.

2. On the next Rs.3,500 of total income .. Nine pies in

the rupee.

3. On the next R1.S,ooo of total income .. One anna and

three pies m
the rupee.

4. On tl1e next Rs.S,OOO of total income .. Two anna.9 in

the 1upee.

5. On the balance of total income Two ann as and

six pies in

the rupee.

###### :Rriu : Indian annas 3, Ptice : English 3</..,.


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2

###### C'.-In the case of every Company-

On the whole of total income Two ann.'ls and

six ptes in
the rupee.

Provided always that-

_(i)_ no agricultural income-tax shall be pay-

able on a total agricultural income
which does 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 income
exceeds Rs.3,000.

Rates or 3. The tax levied under section 3 l) of the

Sale Tax· Assam Sales 1 ax Act, 1939, shall be a tax of !'i

###### per centum on the retail sale of each of the
following articles:-                 -

Motor Cars.
Motor Cycles..
Radio or Wireless Sets..


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