.._, . -~ . Regmercd No.-:,;;...\ --12 .. The _Assam Gazette ~11161~'1 - EXTR.AORDIN /lR t7 - m~-~ r.rrqr -~ PUBLISHED 8Y AUTHORITY - ------------ ' ; · '.: < , -~- --'-9-', __ ., 1~ 69 ~~. "Im~~. l ~f~ar 1978, 11 1>''5, 1900 ~ · -: No. 69. Disµur Satarday, Jst April . 1'76, 11th Claaitr'a, i 900 \!!J . E.) - ----·-·- - ----- -- ----------- --- ---------------·------- GOVERNMENT OF ASSAM ,.. - '\ - . . .- ......... ORDERS BY THE GOVERNO~- _ .. ,_ - LEGISLATIVE DEPARTMENT _ -- _ _ NOTIFICATION The 1st April 1978 ' ' ' No. LGL. 46/78/18.-The following Act of the Assam Legislative Assembly which .rrceh:ed -the assent of the Governor is hereby,published for g-eneral information:- , 408 rllE ASSAM GAZETTE_, EXTRAORDINARY, APRIL 1, 1978 ASSAM ACT No. III OF 1978 (Recei•ed tbe assent ef the Governor on the lst April, 1978) THE ASSAM FINANCE AC:T, 1978 An Act to fix the rates of Assam Agricultural Income Tax and the Assam Purchase Tax for the financial year 1978-79. Preamble. WheTeas it is expedient to fix thet:X:.1 ~3t9 rates at which the Assam Agriculturaland xix or Income Tax and the Assam Purchase Tax 1967 • shall be levied and charged under the Short title, extent and commeace ment. Assam Agricultural Income Tax Act, 1939 and the Assam Purchase Tax Act, 1967 for the financial year 1978-79. It is hereby enacted in the Twenty ninth Year of the Republic of India as follows:- ·
1. (1) This Act may be called the Assam Finance Act, 1978.
(2) It extends to the whole of the State of Assam.
(3) It shall be deemed to have come into force on the 1st day of April, 1978. R~te1 of 2. The rates of Agricultural Income Agricultural T f h b . . h 1 Income Tax. ax or t e year eg1nmng on t e st • day of April, 1978 shall, for the purposes of sections 3 and 6 of the Assam Agricul tural Income Tax Act, 1939, 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 {a) on the first Rs. 1,000 of Nil total income.
(b) on the next Rs. 2,500 of Five paise in the rupee. total income. _!_IJt_ ASSAM GAZETTE, EXTRA~RDINARY, APRIL 1, L 978 4e9
(c) on the next Rs. 2,500 of total income.
(d) on the next Rs. 2 ,500 of total income.
(e) on the next Rs. 2,500 of total income.
(f) on the next Rs. 2,500 of total income.
(g) on the next Rs. 5,000 of total income.
(h) on the next Rs. 30,000 of total income.
(i) on the next Rs. 50,000 of total income.
(j) on the next Rs. 1,00,000 of total income.
(k) on the balance of total income. Rates Nine paise m the r upee. Fourteen paise in the rupee. Seventeen paise in the rupee. Twenty-one ·paise in the rupee. Twenty-nine paise in the rupee. Thir ty·nine paise in the rupee. Fifty-two paise in the rupee. Sixty-five paise m the rupee. Seventy paise in the rupee. B. In the case of every company-
(a) The total income of which does not exceed Rs.1,00,000, on the whole of total income.
(b) The total income of which exceeds R s. l,00,000 but does not exceed Rs. 2,00,000, on the whole of total income.
(c) The total income of which exceeds Rs. 2,00,000, on the whole of total income. Fifty-two paise in the rupee. Sixty-five paise in the rup ee. Seventy paise in the rupee. PTovided that for the purposes of this section-
(i) no Agricultural Income-Tax shall be payable on a total Agricultural Income which does not exceed Rs. 8,000; " 410 THE ASSAM GAZETTE, EXTRAORDINARY, APRIL 1, 1978
(ii) .in respect of paragraph A, the Agricultural Income Tax payable shall not exceed half the amount by which the total Agricultural Income exceeds Rs. 8,000 ; and
(iii) in respect of paTagraph B, the Agricultural Income Tax payable shall not exceed the difference between the total Agricultural Income and the following limits:-
(a) rupees foTtY-eight thousand in creased by one percent of the excess of the total agricultural income over Rs. 1,00,000' in the case of every company the total agricultural income of which exceeds Rs. 1,00,000 but does not exceed Rs. 2,00 ,000 ;
(b) rupees seventy thousand increas ed by two and half percent of the excess of the total agricultural income' over Rs. 2,00,000 in the case of every company the total agricultural income of which exceeds Rs. 2,00.000. - Rates of 3. The rates at which the tax shall AMam Act Assam Pur- . h XIX of 1967. chase Tax. be levied and collected on the pure ase of the items of· the Schedule undeT the Assam Purchase Tax _,Act, 1967, shall be as follows:- in respect of item 1. Four paise per rupee value of the price at which the taxable goods are purchased. in respect of items 2 and 3. in respect of item 4; Three paise per rupee value of the price at which the taxable goods are purchased. Two paise per rupee value of the price at which the taxable goods are purchase~. · U, TAHBILOAR, Sccre.tary to the Government of Assam, I.egislative Department. - ·-Gauh;ii=hi~ted and Published bv the Supdt. i/c., Assam Govt. Printing Pres, , (Ex. Gazette) No.137-J,690+250-1-4-1978. • t