Assam Finance Act, 1973

No: 4 Dated: Apr, 03 1973

THE ASSAM FINANCE ACT, 1973

ASSAM ACT IV OF 1973

    An Act to fis the rates of Assam Agricultural Income Tax and the Assam Purchase Tax for the financial year, 1973-74

    Preamble:-  Whereas it is expedient to fix the rates at which the Assam Agricultural Income-tax and the Assam Purchase-tax shall be levied and charged under the Assam Agricultural Income Tax Act, 1939 and the Assam Purchase Tax Act, 1967 for the financial Year 1973-74;

    It is hereby enacted in the Twenty-fourth Year of the Republic of India as follows:-

1. Short title, extent and commencement:- (1) This Act may be called the Assam Finance Act, 1973.

(2) It extends to the whole of the State of Assam.

(3) It shall be deemed to have come mto force on .the first day of April, 1973.

2. Rates of Agricultural Income·tax:- The rates of Agricultural Income-tax for the year beginning on the 1st April, 1973 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 Individual, Hindu undivided or Joint Family, Firm and other Association of persons (other than companies)