Amendment status not verified — confirm the current text below against the official source.
In the Assam Agricultural Income Tax Act, 1939, Assam of section 8. (herein-after referred to as the principal Act) in Act-IX section 8, after sub-section (4), the following new of 1939. sub-section as sub~section (5) shall be inserted, namely:- "(5) In determining the net agricultural income, a deduction at the rate of 50 (fifty) paise for every kilogram of tea exported through Inland Container Depot (ICD), Amingaon shall be allowed to the assessee from his agricultural income : Provided that this deduction shall be effective on and from 1st April, 1998 for a period of two years only. Provided further that the State Government may, by notification in the Official Gazette, extend the period of deduction for further periods, not exceeding one year at a time, subject to such conditions and restrictions as may be specified in the said notification." Amendment