Amendment status not verified — confirm the current text below against the official source.
The rates,of agricultural income-tax for the year beginning on the 1st of April 1947, shall for the purpose of Sections 3 and·6 of the Assam Agricultural Income-Tax Act, Assam Act 1939, be the rates given below:~ IX of 1939. A. In the case of every Hindu undivided or joint family:- _ Price 1 anna or ld. . · ~· .. \ 2 (a) at the rate appli~able under the list of rates contain- ed in paragraph B below to a sum equal to the share of a brother .if such share exceeds Rs.5,000; (b'{'at four pies in the rupee, if the share of the brother is Rs.5,00.0 or less. B. In the ca'e of every individual, firm and other association of persons (other than Companies) :- (a) On the first Rs.l ,500 of total income (b) On the next Rs.3,500 of total income (c) On the next Rs.5,000 of total income (d) On the next Rs. 5,000 of total income (e) On the balance of total income C. In the case of every Company:- Rate Nil. Nine pies in the , rupee. One anna and three pies in the rupee. Two annas in the rupee. Two annas and six pies in the rupee. On the whole total incom~ Two annas and six pies in the rupee. Provided always that-. . (i) Nu 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.3,0110. A. G. P. (Leg.) No. 1-750+25-15-5-1947. 0 '