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) 
[Pu blished 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 . 
Rate s 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 
Incom e-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 
income. 
3. On the next Rs.S,OOO of total 
income. 
4. On the next Rs.S,OOO of total 
Nine pies in the 
rupee . 
One anna and 
three pies m the 
rupee. 
Two annas in the 
income. rupee. 
5. On the balance of total income Two an nas 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 
Provided always that­
rupee . 
(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 payabl e shall in 
no case exceed half the amount by which 
the total agriclutura l income exceeds 
Rs.a,ooo. 
[Price annas 2 or 2d.] 
A~ . p, (Leg.) No, 100/SC-100 - 3. 8-1951, 

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