THE ASSAM FINANCE ACT, 1964

ASSAM ACT No. VI OF 1964

16th April 1964

An Act to fix the rates at which Agricultural Income shall be taxed under the Assam Agricultural Income-tax Act, 1939. Whereas it is expedient to fix the rates at which Agricultural Income shall be taxed under the Assam Agricultural Income-tax Act, 1939; It is hereby enacted in the Fifteenth Year of the Republic of India as follows:

S.1 Short title and extent

(1) This Act may be called the Assam Finance Act, 1964.

(2) It extends to the whole of Assam.

S.2 Rates of Agricultural Income-tax

The rates of Agricultural Income-tax for the year beginning on the 1st April, 1964, shall, for the purposes of sections 3 and 6 of the Assam Agricultural Income-tax Act, 1939, be the rates given below—

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. 6,000;
• (b) At two naye paise in the rupee, if the share of a brother is Rs. 6,000 or less.

B. In the case of every individual, Firm and other Association of persons (other than companies)—