The ASSAM FINANCE ACT, 1952
THE ASSAM FINANCE ACT, 1952

(Passed by the Assembly)

{ Received the assent of th e Governor on the lltlr

Aprill952)

[Published in the _Assam_ _Ga;:,eUe,_ dated the 23rd April 1952]

_An_
_Act to fix the_ _rates at which Agricultural_ _Income_ _shall_ _be_ _taxed_

_undet the_ _Assam Agricultural l nco'!!e-tax_ _Act, 1939_

Preamble. Whereas it is expedient to fix the rates at which
Agricultural Income shall be taxed under the Assam Agri-
cultural Income-tax Act, 1939, it is hereby euacted ·a"l
follow3 :-

Short title l. (I) This Act may be called the Assam Finance
and extent.• Act, 1952

(2) It extends to the whole of '\ssam.

Rates _r_ 2. The rates of Agricultural Income-tax for the year A Act

Agricultu~~l beginning on the 1st April 1952, shall, for the purpose of Is;{m of

l:ncorne-tax. sections 3 and 6 of the Assam Agricultural Income-tax Act, 1939.
1939, be the rates given below:-
A. In the case of every Hindu undivided or joint
fam ily :-
_(a)_ At the rate applicable under the list af rates
contained in paragraph B below to a sum equal to the share
of a brother if such share exceeds Rs.6,000 ;
_(b)_ At four pies in the rupee, if the share of

the brother is Rs.6,000 or less.
B. In th r case of every individual, firm and other
Association of persons (other than Companies) :-
Rate
_(a)_ On the first Rs.l,500 of total Nil.
1ncome.

_(b)_ On the next Rs.3,500 of total Nine pies in the

mcome. rupee.

_(c)_ On the next Rs.5,000 of total One anna three
income. pies m the

rupee.

_(d)_ On the next Rs.5,000 of total Two annas and
income. six pies in

the rupee.

_(e)_ On the balance of total income ... Four annas in

the rupee.

C. ln the case of every Company:-
On the whole of total income Four annas in

the rupee.

Provided alwavs 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 income-tax payable shall in no
case exceed half the amount by which the total agricultural
income exceeds Rs.3,000.

[ _Price 1 anna_ _or_ _1 d._ ]
A. G. P. (Leg.) No. 21}52--1500-1·6·1952,


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