Amendment status not verified — confirm the current text below against the official source.
The rates of Agricultural Income-tax for the year Agricultural beginning on the 1st of April 1948, shall for the purpose of Income-tax. 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- ( 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 exceeds Rs.S,OOO ; (b) at four pies in the rupee, if the share of the brother is Rs.S,OOO or less. Price 1 anna or 1 d. 2 B. In the case of every individual, firm and other association of persons (other than Companies)- Rate (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.5,0()0 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- On the whole total income 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. 1 wo annas and six pies in the rupee. Provided always that- (ii No agricultural income·tax total agricultural income which does shall be payable on a not _ exceed Rs.3,000, and _ ________ _____ ___ _ ___.:l!ifi)L_!!the agricultural income·tax payable shall in no case exceed half the amount by wh1ch the total agricultural income exceeds Rs.3,000. A.G.P. (Leg.) No. l /48-775-18 S-i9t8.