The Assam Finance Act, 1953
Preamble
V ASSAM ACT V OF 1953 THE ASSAM FINANCE ACT, 1953 (Passed by the Assembly) (Received the assent of the Governor on the 30th March 1953) (Published in the Assam Guzette, Exraordinary, dated the 30th March 1953) An Act to fix the rates at which Agricultural Income shall be taxed under the Assam Agricultural Income Tax Act, 1939. Preamble. WHEREAS it is expedient to fix the rates at which Agricul- tural Income shall be taxed, under the Assam Agricultural Assam Act Income Tax Act, 1939, it is hereby enacted as follows :- 1X of 1939. Short title 1. (1) This Act may be called the Assam Finance Act, and extent. 1953. (2) It extends to the whole of Assam. 2. The rates of Agricultural Income Tax for the year Assam Act beginning on the 1st April, 1953, shall, for the purpose of IX of 1939. Sections 3 and 6 of the Assam Agricultural Income Tax Act, 1939, be the rates given below :- Rates of A. In the case of every Hindu Undivided or Joint Agricultural family :--- Income Tax. (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, and other Association of persons (other than Companies) :- Rate Nil. (a) On the first Rs.1,500 of total income. (b) On the next Rs.3,500 of total Nine pies in income. the rupee. One anna and (c) On the next Rs.5,000 of total income. three pies in (d ) On the next Rs.5,000 of total income. the rupee. Two annas and six pies in the rupee. Four annas in the rupee. (e) On the balance of total income C. In the case of every Company : On the whole of total income ... Four annas in the rupee, Provided always that -- (¿) 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 10) case exceed half the amount by which the total agricul- tural income exceeds Rs.3, 000. A,G.P. (Leg.) No.4/54-1125-12-7-1954. [Price anna 1 or ld.] the case (other than dividual, of the
The Act
The numbering on the scan does not hold together, so the text is shown whole rather than split into sections. Splitting it wrongly would file one section's words under another's number.
V ASSAM ACT V OF 1953 THE ASSAM FINANCE ACT, 1953 (Passed by the Assembly) (Received the assent of the Governor on the 30th March 1953) (Published in the Assam Guzette, Exraordinary, dated the 30th March 1953) An Act to fix the rates at which Agricultural Income shall be taxed under the Assam Agricultural Income Tax Act, 1939. Preamble. WHEREAS it is expedient to fix the rates at which Agricultural Income shall be taxed, under the Assam Agricultural Assam Act Income Tax Act, 1939, it is hereby enacted as follows :- 1X of 1939. Short title 1. (1) This Act may be called the Assam Finance Act, and extent. 1953. (2) It extends to the whole of Assam. 2. The rates of Agricultural Income Tax for the year Assam Act beginning on the 1st April, 1953, shall, for the purpose of IX of 1939. Sections 3 and 6 of the Assam Agricultural Income Tax Act, 1939, be the rates given below :- Rates of A.
In the case of every Hindu Undivided or Joint Agricultural family :--- Income Tax. (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, and other Association of persons (other than Companies) :- Rate Nil. (a) On the first Rs.1,500 of total income. (b) On the next Rs.3,500 of total Nine pies in income. the rupee. One anna and (c) On the next Rs.5,000 of total income. three pies in (d ) On the next Rs.5,000 of total income. the rupee. Two annas and six pies in the rupee. Four annas in the rupee. (e) On the balance of total income C. In the case of every Company : On the whole of total income ... Four annas in the rupee, Provided always that -- (¿) 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 10) case exceed half the amount by which the total agricultural income exceeds Rs.3, 000.
A,G.P. (Leg.) No.4/54-1125-12-7-1954. [Price anna 1 or ld.] the case (other than dividual, of the
Provenance. Read from the Government's own scanned gazette with Azure Document Intelligence, and shown whole: the section numbering on the scan does not hold together (fewer than 3 sections), and a wrong split would file one section's words under another section's number. India Code publishes no text for this Act. The scan itself is mirrored into our own storage and served at /scan/355ad884-907e-4a59-b4d0-3a46ead07dc6.pdf, so the reading here can be checked against the page it came from without depending on India Code's own copy staying where it is (it was at https://indiacode.gov.in/server/api/core/bitstreams/04a8aee8-7a5d-42fd-8532-2e522d178b4f/content).
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Every one of the 0 sections of this Act has its own page. This page is not a substitute for legal advice.