The ASSAM FINANCE ACT, 1945
(Published in the Assam _Gazette,_ Extraordinary, of the 29th
March. 1945}

_An Act_ _to_ _fix_ _the_ _rates_ _at_ _which_ _Agricultural_ _income_ _shall_ _be_ _taxed_

_under_ _the Assam_ _Agricultural i ncome-tax_ _Act, 1939_

W uEREII.s it is expedient to fix the rates at which Agri-

cultural income shall be taxed under the Assam Agricultural
I ncome-tax Act 1939, it is hereby enacted as follows :-
1. (1) Thi.s Act may be called the Assam Finance Act,

1945.

l2) It extends to the whole of Assam .
2. The rates of agricultural income· tax for the year

beginning on the 1st of April, 1945, shall, for the purpose of
sections 3 and 6 of the Assam Agricultural Income-tax Act, Assam Act

l 939, be the rates given below : IX of 1939,

A. Tn the case of every Hindu undivided or J oint
###### 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 excc:cds Rs.5,000,

(b) at four pies in the ru pee, if the share of the b rother

is Rs.S ,000 or less. .

B. In the case of every individual, firm and other
association of persons (other than Companies) -

Rate

1. On the first Rs. 1,500 of Nil.

total income.
2. On the next Rs.3,500 of Nine pies in
total income. t he rupee.
3. On the next Rs. 5, 000 of O ne artna a nd

total income. three pies in

the ru pee.

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1. Substituted by the A. Q ., 1950 for "Provincial" .
*For Objects and Reasons see Asram _Gazette_ page 1, part V, dated
the 24th January 1945,


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86

4 . On the next Rs. 5,000 of Two annas in
total income. the rupee.
5 On the balance of total in- Two annas and

come. six pies m

the rupee.

C. In the case of every Company-

On the \~hole total income Two annas and

six pies in the
rupee.

Provided always lhat-

(i) No agricultural income-tax shall be payable ou a

total agricultural income which docs not exceed Rs.3,000,


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