Amendment status not verified — confirm the current text below against the official source.
The rates of agricultural incom&-tax for the year Agricultural beginning on the 1st of April 1949, 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.5,000 ; (b) At four pies in the rupee, if the share of the brother is Rs.5,000 or less. B. In the case 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, the total income of which does not exceed Rs.25,000- On the whole of total income [ Price 1 anna or 1 d. ] Rate Nil. Nine pies in the rupee. One anna and three pies in the rupee. Two annas and six pies in the rupee. Four annas in the rupee. Two annas and six pies in the rupee. 2 D . In the case of any other Company the total income of which exceeds Rs.25,000- - (a) On the first Rs.lO,OOO of total.income Rate Two annas and six pies in the rupee. (b) On the balance of total income Provided always that- Four annas In the rupee. (i) no agricultural income-tax shall be payable ori a total agricultural income which does not exceed Rs.3,000, (ii) the agricultural income-tax payable shall in no case exceed half the amount by which the total agricultural income exceeds Rs.3,000, and (iii) where the residual income, after deduction of the agricultural income-tax of a Company falling in category D, falls below Rs.2l,093-12-0, only that much shall be assessed as agricultural income-tax as .will leave the residual. income at not less than Rs.21,093-l2-0 • • '\,G,P, (Leg,) No,4{49-775•P->l7·5, l 949, \