The ASSAM FINANCE ACT, 1943
ASSAM ACT V II OF 1943

#### THE ASSAM FINANCE ACT, 1943

(Passed by the Assam Legislature)

(Received the assent of the Governor on the 2nd July 1943)

[Published in the Assam _Gazelle of the_ 7th July 1943]

_An Act lo fix_ _I he_ _rates at_ _which_ _agricultural income_ _shall be_
_taxed under tlze_ _Assam_ _Agricultural Income-tax_ _Act, 1939._

Preamble. WHEREAS it is expedient to fix the rates at which
agricultural income shall be taxed under the Assam
Agricultural Income-tax Act, 1939 ; it is hereby
enarted as follows :-

Short title. I. (1) This Act may be called the Assam Finance
Act, 1943.
(2) It extends to lhe whole of Assam.

Rates of 2. The rates of agricultural im.:ome-tax for the
Agricultural year beginning ou the l ~t of April 191·3 shall, for the
Income-tax. purpose of sections 3 and 6 of the Assam Agricultural Assam Act

Income-tax Act, 1939, be the rates given below :- IX of 1939.

A.- In the case of every Hindu undivided or J oint

#### 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 brother if such share

exceed'! 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 indiYidual, firm and
other association of persons (other than Companies)-
Rate

1. On the first Rs.1,500 of total ~il.

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

income. rupee.
3. On the next Rs.S,OOO of total One anna and

income. three pies m the

rupee.

4. On the next Rs.S,OOO of total Two annas in the

income. rupee.
5. 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 income .. . T wo ann as and

six pies in the

rupee.
Provided always that-

#### (il No agricultural iaoome-tax- mall be pay-

able on a total agricultural income which
does not exceed Rs.3,000 and
_(ii)_ the agncultural income-tax payable shall in

no case exceed half the amount by which
the total agriclutural income exceeds
## Rs.a,ooo.

_[Price_ _annas 2 or_ _2d.]_

A~ . p, (Leg.) _No,_ 100/SC-100- 3.8-1951,


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