Bare ActsThe ASSAM FINANCE ACT, 1940

Section 5

On the balance of total Two annas and • income

Amendment status not verified — confirm the current text below against the official source.

On the balance of total Two annas and • income. six pies in the rupee . C.- In the case of every Company- On the whole total income Two anna• and six pies in the rupee. Provided always that- (a) No agricultural income-tax shall be payable on a total agricultural in- come which does not exceed Rs.3,000 and (ii) the agricultural incom~tax payable shall in no case exceed half the amount by which the total agricul- tural income exceeds Rs. 3, 000. At G. P. (Leg.) No.75JSG-10C-30-7-195J.

Section 5 – The ASSAM FINANCE ACT, 1940 | DailyLaw.ai