Amendment status not verified — confirm the current text below against the official source.
(1) Save as provided in sections 10, 13 and ~dd 0£.' l~d 14 if a person holds land from which agricultural benelit or of e income is derived partly for his own benefit and several per- partly for the benefit of beneficiaries or wholly sons. for the benefit of a beneficiary or beneficiaries, agricultural income-tax shall be assessed on the total agricultural income derived from such land at the rate which would be applicable if such person had held the land exclusively for his own benefit and agricultural income-tax so payal>le shall be assessed on the person holding such land, and he shall be liable to pay the same. (2) Any person holding such land shall be entitled before paying to any beneficiary the amount of agricultural income which such bene- ficiary is entitled to receive from the agricultural income derived from such land, to deduct the amount, of agricultural income-tax at the rate at which the agricultural income is or will be assessed under sub-section (1). Explanation.-In this section r•beneficiary" means a person entitled to a portion of the agricultural income derived from the land. Assessment