MEGHALAYA FINANCE ACT, 1973

Act No. 13 of 1973

9th May, 1973

An Act to fix the rates at which the Meghalaya Agricultural Income-tax and the Meghalaya Purchase Tax shall be levied and charged for the financial years 1972-73 and 1973-74. Be it enacted by the Legislature of Meghalaya in the Twenty-fourth Year of the Republic of India as follows:-

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S.1 Short title and commencement

(1) This Act may be called the Meghalaya Financial Act, 1973.
(2) It extends to the whole of the State of Meghalaya.
(3) It shall be deemed to the have come into force on the 1st day of April, 1972.

S.2 Rates of Agricultural Income-tax

The rates of Agricultural Income-tax for the year beginning on the 1st day of April, 1972 shall, for the purpose of sections 3 and 6 of the Assam Agricultural Income-tax Act, 1939 and the Meghalaya Agricultural Income-tax Act, be the rates given below:-

A. In the case of every individual, Hindu undivided or Joint Family, Firm and other Association of persons (other than companies).

Rates	Amount
(a) On the first Rs. 1, 000 of total income.	Nil
(b) On the next Rs. 2, 500 of total income.	Five paise in the rupee.
(c) On the next Rs. 2, 500 of total income.	Nine paise in the rupee
(d) On the next Rs. 2, 500 of total income.	Fourteen paise in the rupee.
(e) On the next Rs. 2, 500 of total income.	Seventeen paise in the rupee.
(f) On the next Rs. 2,500 of total income.	Twenty-one

S.3 Rates of Meghalaya Purchase tax

The rates at which the tax shall be levied and collected on the purchase of the items of the Schedule under the Meghalaya Purchase Tax Act, for the year beginning on the 1st day of April, 1972, shall be as follows:-

Item	Rate
in respect of items 1,2 and 3-	Three paise per rupee value of the price at which the taxable goods are purchased.
in respect of item 4-	Two paise per rupee value of the price at which the taxable goods are purchased.

MEGHALAYA FINANCE ACT, 1973

S.1 Short title and commencement

S.2 Rates of Agricultural Income-tax

S.3 Rates of Meghalaya Purchase tax

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