The Assam Finance Act, 1975
The 29th March 1975

No.LJL.124/75/1.-The following Act of the Assam Legislative
Assembly which received the assent of the Governor is hereby
published for general information.

ASSAM ACT IV OF 1975

(Received the assent of the Governor of Assam on thc29th dar of March,

1975)

THE ASSAM FINANCE ACT, 1975

An

Act

to fix the rates of Assam Agricultural In-
come-tax and the Assam Purchase-tax for the
financial year, 1975-76.

Preamble. Whereas it is expedient to fix the rates at Assam Acts

which the Assam Agricultural Income-tax and IX of 1939
the Assam Purchase-tax shall be levied and and X of

charged under the Assam Agricultural Income- 1[~]7·

tax Act, 1939 and the Assam Purchase Tax Act,

1967 for the financial year 1975-76;

##### it is hereby enacted in the Twenty-sixth

Year of the Republic of India as follows:-

Short title, 1. (1) This Act may be called the Assam
extent and Finance Act, 1975.
commence-
ment.

(2) It extends · to the whole of the State

of Assam.

(3) It shall be deemed to have come into
force on the first day of April, 1975.

Rates of _'.2._ The rates of Agricultural Income-tax (o:r
Agricultural the year beginning on the 1st April. 1975
Income-tax. shall, for the purposes of sections 3 and

6 of the Assam Agricultural Income Tax
Act, 1939, be the rates given below:-
A. In the case of every individual, Hind11

undivided or ]oint 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.


-----

(c) on the next Rs. 2,500 of Nine paise in the ruµe~
total income.

(d) on the next Rs. 2,500 of Fourteen paise in . the ru1-1ee.
total income.
(e) on the next Rs. 2,500 o_ f Seventeen paise in the ruµee.

total income.
(f) on the next Rs. 2,500 _of_ Twenty-one paise in th•

total income. rupee.
(g) on the next Rs. 5,000 of Twenty-nine paise in the

total income rupee.

(h) on the next Rs. 30,000 of Thirty-nine paise ii1 th~

total income. rupee.
(i) on the next Rs. 50,000 of Forty-seven paise 111 t.he
total income. rupee.

(j) on the next Rs. 1,00,000 of Fifty-nine paise in the run~.

total income.

(k) on the balance uf total in- SixtY-two paise in the runee.

come. ' "'.:

B. In the case of every com-
##### pany,-

(a) the total income of which Forty-se\ ~n paise in th~

does not exceed Rs. 1.00.000, rupee.

on the whole of total in- ,. '' ~·
come. 0
(b) the total income of which Fifty-nine paise in the rupe~
exceeds Rs. 1,00,000 but

does not exceed Rs.2,00,000,

on the whole of total
income.

Sixty-two paise in the rupee.

(c) the total income of which
exceeds Rs. 2,00,000, on the
whole of total income.

Provided always that,-

(i) no Agricultural Income-tax .shall be p~y­

able on a total agricultural income which

does not exceed Rs. 5.000 ;

respect of paragraph A, the Agri-
(ii) [in ]

cult ural Income-tax payable sh_all not

exceed half the amount by which the

total agricultural income excE:eds Rs.

5,000; and

(iii) in respect of paragraph B, the A~ricul­

tural Income-tax payable shall not

exc~ed the difference between the total


-----

agricul.tural income and the following
##### limits:-

(a) rupees fifty-three thousand increased

by ~me per cent 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 exce-
e<ls Rs. 1,00,000 but does not exceed

Rs. 2,00,000 ;

(b) rupees eighty-two thousapd increased

by two and half per cent of the excess
of the total agricultural income ovE>r

Rs. 2,00,000 in the case of every com-
pany the total agricultural income of

which exceeds Rs. 2,00,000.

ltatcs of 3. The rates at which the tax shall be le- Assam Act
ASiam Pur- vied and collected on the purchase of XIX of
llha e Tax. 1967.

the items of the schedule under the

Assam Purchase Tax Act, Hl67 "hall be
as follows :-

in respect of items 1, 2 and 3. Three paise per rupee value of

# • " the price at which the taxable

goods are purchased.

_iM_ respect of item 4. Two paise per rupee value of

the price at which the taxable

goods are purchased.

;.:~w~~

Md. SAADULLAH,

Joint Secy. to the Govt. of Assam,

Law Department.

Oaubati-Prfntcd **and** published by the Joint Supdt.; Assam Govt.

Press fBx-Onette) No.73-l,500+600-29-3-1~75.


-----

