The ASSAM FINANCE ACT, 1947
# . .

(rassed by the Assam Legislature)

[Received the assent _of the Gov~nor on the 27th March 1947]

[ Published iii the Assam _Gazette,_ &tr~ordinary of the lst April 1947 .]

_An_ _Act to fix_ _the_ _rate f_ _at which agricultural_ _income_ _shall_ _be_ _taxed_

_under_ _the_ _Assam_ A~i"al Income-T~ Act, 1939.

'                                                                                                                     -                                                                                                                     - . .

Preamble. WHEREAS it is expedient to fix the rates at which agri-
cultural income shall be taxed under the Assam Agricul-
tural Income-Tax ~ct, 1939 ; , it                        - is hereby enacted as
follows:-

Short title. l. (1) This Act may be called the Assam· Finance Act,

1947.
(2) It extends to the whole of Assam.

Rates of 2. The rates,of agricultural income-tax for the year

agricultural
income•tax. beginning on the 1st of April 1947, shall for the purpose of

Sections 3 and·6 of the Assam Agricultural Income-Tax Act, Assam Act
1939, be the rates given below:~ IX of 1939.

A. In the case of every Hindu undivided or joint

##### family:- _

_Price_ _1_ _anna or ld._

. · ~· ..


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ed in paragraph B below to a sum equal to the share of a
brother .if such share exceeds Rs.5,000;

(b'{'at four pies in the rupee, if the share of the brother
is Rs.5,00.0 or less.
B. In the ca'e of every individual, firm and other
association of persons (other than Companies) :-

Rate

##### (a) On the first Rs.l ,500 of total Nil.
income 0 '
_(b)_ On the next Rs.3,500 of total Nine pies in the
income , rupee .
_(c)_ On the next Rs.5,000 of total One anna and
income three pies in the

rupee.

_(d_ _)_ On the next Rs. 5,000 of total Two annas in the
income rupee.
_(e_ _)_ On the balance of total income Two annas and six

pies in the rupee.

C. In the case of every Company:-

On the whole total incom~ Two annas and six

pies in the rupee.

Provided always that-. .

_(i)_ Nu agricultural income-tax shall be payable 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.3,0110.

A. G. P. (Leg.) No. 1-750+25-15-5-1947.


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