The ASSAM FINANCE ACT, 1946
THE ASSAM FINANCE ACT, 1946

[Passed by the Assam Legi!lature)

LPublished in the _Assam Gazette_ _Extraordinary_ of the lst April 1946)

_An M_ _to .ftx_ _the_ _rates_ _at_ _which_ _Agricultural_ _Income_ _shall_ _be_ _tued_

_unthr the_ _Assam Agricultural Income-tu Act, 1939._

Preamble . WHEREAS it is expedient to fix the rates at which Agricul-

tural Income shall be taxed under the Assam Agricultural

###### ...,, Income-tax A~.:t, 1939 ; it is hereby enacted as follows:- '
 ' ' Short title 1. (I) This Act may be called ,the Assam Finance Act, 1946.

##### tt and extent. (2) It extends to the whole of Assam.

Rates of 2. The rates of Agricultural Income-tax for the year
tural Agricul-In- beginning on the 1st of April 1946, shall for the purpose of A 51am Act

Sections 3 and 6 of the Assam Agricultural Income-tax Act, 1939, IX of 1939,

come-tax.

be the rates given below :

A. In the case of every Hindu undivided or joint family-

( a) at the rate applicable under the list of rates contain-
###### 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. 5,000 or less.

_Price_ _1 anna_ _or_ _1 d._


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tion of persons (otner than Companies)-

Rate

I. On the first Rs. 1,500 of total income _Nil._

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

3. On the next Rs. 5,000 of total income One anna and
three pies · in
the rupee.

-l. On the next Rs. 5,000 of total income Two annas in the

rupee. _L_

5. On the balance of total income Two annas and . .. f

six pies in the
rupee.

###### c. In the case of every Company-

On the whole total income Two annas and

six pies in the
rupee.

Provided always that-

' _(i)_ No agricultural income-tax shall be payable on a total

agricultural income which does not exceed Rs. 3,000; and
_(ii)_ the agricultural ineome-tax payable shall in · no case

exceed half the amount by which the total agtic\Jltural income ·
exceeds Rs. 3,000.


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