The Assam Finance Act, 1979
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### The Assam Gazette

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EXTRAORDINARY

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PUBLISHED BY AUTHORITY

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" ~ 99 flr<t i_~ . Jf~"T~H. 3 ~f~cr, 1979, 13 '5''5, 1901 -t'l

No. 99 Dispur, Tuesday, 3rd April, 1979, 13th Cbaitra,

1901 (S. E.)

GOVERNMENT OF ASSAM

ORDERS BY THE GOVERNOR

LEGISLATIVE DEPARTMENT

NOTIFICATION

The 2nd April 1979

No.LGL.43/79/13.-The following Act of the Assam
Legislative Assembly which received the assent of the
Governor is hereby published for general information.


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690 THE ASSAM GAZETTE, EXTRAORDINARY, APRIL 3, 1979

ASSAM ACT IV OF 1979

(Received the assent of the Governor on 31st March, 1979)

THE ASSAM FINANCE ACT, 1979

                                                                                                             - .,:~~;: ;;;.~-,

An Ii>.~ _,J...,._

Act

###### to fix the rates of Assam Agricultural Income Tax and the Assam Purchase Tax for the financial year 1979-80.

Preamble. Whereas it is expedient to fix the Assam Acts
A A . l l IX of 1939

rates at w h ich [. ] the ssam gncu tura and XIX

Income Tax and the Assam Purchase of 1967.

Tax shall be levied and charged under

###### the Assam Agricultural Income Tax Act,
1939 and the Assam Purchase Tax Act,
1967 for the financial year 1979-80.

/

###### It is hereby enacted in the
Thirtieth Year of the Republic of
India as follows :-

Short title, 1. (1) This Act may be called the
extent and
commence- Assam Finance Act, 1979.

ment,

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

(3) It shall come into force on
the 1st day of April, 1979.

Rat~s of 2. The rates of Agricultural Income
Agncultural T f th b . . h

Income Tax. ax Or e year egmmng On t _e 1st

day of April, 1979 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)-


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THE ASSAM GEZETTE, EXTRAORDINARY, APRIL 3, 1979 691

Rates
(a) Op the first Rs. I ,000

of the total income. Nil

(b) On the next Rs.5,000 Ten paise m
of the total income. the rupee.

( c) On the next Rs.5,000 Fifteen paise in

of the total income. the rupee·

(d) On the next Rs·I0,000 Thirty paise in
of the total income. the rupee·

(e) On the next Rs.25,000 Forty-five pai-
of the total income. se in the ru-

pee.

(f) On the next Rs.50,000 Sixty paise m

of the total income. the rupee. /

(g) On the next Rs.1,00,000 Seventy paise
of the total mcome. in the rupee·

(h) On the balance of the Seventy-five
total mcome. paise in the

rupee·

B· In the case of every company-

(a) Th e total income of Sixty paise in

which does not exceed thf" nipee.
Rs.1,00,000 on tne

whole of total income·

(b) The total rncome Seventy paise

of which exceeds in the rupee                   -

Rs.I,0!!,000 but does
not exceed Rs.2,00,000
on the whole of total
rncome·


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692 THE ASSAM GAZETTE. EXTRAORDINARY, APRIL _? ,_ 1979

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###### ( c) The total income of which Seventymfive
exceeds Rs.2,00,000, paise in the

on the whole of total rupee.
mcome.

Provided 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. 10,000;

(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. 10,000 in
cases where the total agricultural
income does not exceed Rs.

12,000; and

(iii) in respect of paragraph B, the
###### Agricultural Income Tax payable shall not exceed the difference between the total Agricultural
Income and the following
###### limits:- ·

(a) rupees forty thousand increased
###### bv one per cent of the excess of the total agricultural income
over Rs. 1,00,000 in the case of
###### every company the total agricul- tural income of which exceeds
Rs. 1,00,000 but does not exceed
Rs. 2,00,000;

(b) rupees sixty thousand increased
###### by two and half percent 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. . _;


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THE ASSAM GAZETTE, F..XTRAORDINARY, APRIL S, 1979 693

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Rates of
Assam 3. The rates at which the tax shall A~f~ jct
Purc:hase be levied and collected on the purchase 1967.
Tu.

of the items of the Scheduie under the
Assam Purchase Tax Act, 1967, shall be

as follows : -

###### in respect of i tern 1 ... Four paise per
 rupee value of the price at
which the tax-
able goods are

purchased.

###### in respect of i terns 2 ... Three paise per and 3 rupee value of
 the price at
which the tax-
able goods are
purchased.

in respect of item 4 ... Two paise per

###### rupee value of the price at
which the tax-
able goods are

I ' J . purchased.

U. TAHBILDAR,
###### Secretary to the Govt. of Assam,

Legislative Department.

GAUHATI-Printed and published by the Supdt. i/c., Assam Govt, Printing Press

(Bit-Gazette) No, 197-850-2.50+ 75-3-4-1979.


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