Amendment status not verified — confirm the current text below against the official source.
The rates of Agricultural Income Tax for the year Assam Act beginning on the 1st April, 1953, shall, for the purpose of IX ofl93!> Sections 3 and 6 of the Assam Agricultural Income Tax Act, 1939, be the rates given below:- Rat~s of A. In the case of every Hindu Undivided or Joint Agricultural family:- ~~~me (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.6,000; (b) At four pies in the rupee, if the share of the brother is Rs.6,000 or less. H. In the case of every individual, firm and other A~sociation of persons (other than Companies):- (a) On the first Rs.1,500 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.S,OOO of total income. (e) On the balance of total income C. In the case of every Company : ·· On the whole of total income Provided always that-- 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 m the rupee. Four annai m the rupee, (i) No 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 J lt) case exceed half the amount by which the total agricul· tural income exceeds Rs.3,000. [Price anna 1 or ld.] A.G.P. (Leg.) No.4/54-1125-1Mel954.