The Assam Finance Act, 1978
.._, . -~ .

###### Regmercd No.-:,;;...\--12 ..

## The _Assam Gazette

~11161~'1              -

_7_

###### EXTR.AORDIN /lR t -

 m~-~ r.rrqr -~

 PUBLISHED 8Y AUTHORITY

' ;                                                                                                                                                                                                                                                                                                          - _'.:_ < ,

#### ---- --- - ----- -~- - -'-9-', __ .,

1~ 69 ~~. "Im~~. l ~f~ar 1978, 11 1>''5, 1900 ~ · -:

_No._ 69. Disµur Satarday, Jst April . 1'76, 11th Claaitr'a,

i 900 \!!J. E.)

###### - ----- --·-·- - --- ----- --------------- ---------·--------

 GOVERNMENT OF ASSAM
 ,.. - '\ - . .

.- .........

###### ORDERS BY THE GOVERNO~ - _ ..

,_                                       - LEGISLATIVE DEPARTMENT

_ -- _ _ NOTIFICATION

The 1st April 1978

' '
###### '
No. LGL. 46/78/18.-The following Act of the Assam Legislative

Assembly which .rrceh:ed -the assent of the Governor is hereby,published

###### for g-eneral information:-


-----

###### 408 rllE ASSAM GAZETTE_, EXTRAORDINARY, APRIL 1, 1978

 ASSAM ACT No. III OF 1978
 (Recei•ed tbe assent ef the Governor on the lst April, 1978)

 THE ASSAM FINANCE AC:T, 1978 An Act to fix the rates of Assam Agricultural Income Tax and the Assam Purchase Tax for the financial year 1978-79.

Preamble. WheTeas it is expedient to fix thet:X:.1 ~3t9

###### rates at which the Assam Agriculturaland xix or Income Tax and the Assam Purchase Tax [1967]• shall be levied and charged under the
 Assam Agricultural Income Tax Act, 1939 and the Assam Purchase Tax Act, 1967 for the financial year 1978-79. It is hereby enacted in the Twenty- ninth Year of the Republic of India as follows:- ·

Short title, 1. (1) This Act may be called the

extent and
commeace- Assam Finance Act, 1978.

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, 1978.

R~te1 of 2. The rates of Agricultural Income
Agricultural T f h b . . h 1
Income Tax. ax or t e year eg1nmng on t e st

###### • day of April, 1978 shall, for the purposes of sections 3 and 6 of the Assam Agricul-
 ,
 tural 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 total income.
(b) on the next Rs. 2,500 of Five paise in the rupee.
###### total income.


-----

###### _!_IJt_ ASSAM GAZETTE, EXTRA~RDINARY, APRIL 1, L 978 4e9

Rates

(c) on the next Rs. 2,500 of Nine paise m the r upee.
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 of Thirty·nine paise in the rupee.
total income.

(i) on the next Rs. 50,000 of Fifty-two paise in the rupee.
total income.

(j) on the next Rs. 1,00,000 of Sixty-five paise m the rupee.
total income.

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

B. In the case of every company-

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

###### on the whole of total
income.

(b) The total income of which Sixty-five paise in the rup ee.
exceeds Rs. l,00,000 but
does not exceed
Rs. 2,00,000, on the whole
###### of total income.

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

###### PTovided that for the purposes of this section-

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


-----

410 THE ASSAM GAZETTE, EXTRAORDINARY, APRIL 1, 1978

###### (ii) .in respect of paragraph A, the Agricultural Income Tax payable shall not exceed half the amount by which the total Agricultural Income exceeds Rs. 8,000 ; and (iii) in respect of paTagraph B, the Agricultural Income Tax payable shall not exceed the difference between the total Agricultural Income and the following limits:-
 (a) rupees foTtY-eight thousand in- creased 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 seventy thousand increas- •
 ed by two and half percent of the t 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 AMam Act
Assam Pur- . h XIX of 1967.
chase Tax. be levied and collected on the pure ase

###### of the items of· the Schedule undeT the 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 taxable goods
are purchased.

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

###### "

price at which the taxable goods

are purchase~.                               -

U, TAHBILOAR,

Sccre.tary to the Government of Assam,

I.egislative Department.
### - G auh;ii=hi~ted ·- and Published bv the Supdt. i/c., Assam Govt. Printing Pres,,

(Ex. Gazette) No.137-J,690+250-1-4-1978.


-----

