Amendment status not verified — confirm the current text below against the official source.
The rates of agricultural income-tax for !"gricultural the year beginning on the 1st of April, IC)40, shall Ulcome-tax. for the purpose of sections 3 and 6 of the Assam Agricultural [ ncome-tax Act, 1939, be the rates given below :- A.-In the case of every Hindu undivided or Joint 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 bro- ther if such share exceeds Rs.S,OOO ; (b) at four pies in the rupee, if the share of a brother is Rs.S,OOO or less. B.-In the case of every individual, firm and other association of persons other than Com· panics)- 1, On the first Rs.l,SOO of total income.