The ASSAM FINANCE ACT, 1939

{
    "id": 172,
    "slug": "assam-finance-act-1939",
    "title": "The ASSAM FINANCE ACT, 1939",
    "short_title": "The ASSAM FINANCE ACT, 1939",
    "act_number": "10",
    "act_year": 1939,
    "act_type": "STATE",
    "location": "Assam",
    "law_status": "amended",
    "enactment_date": "1939-08-23",
    "description": "The ASSAM FINANCE ACT, 1939",
    "preamble": "",
    "section_label": "Section",
    "sections": [
        {
            "number": "1",
            "title": "Section 1: Short Title ,extent and commencement",
            "chapter": null,
            "content": "1) This Act may be ca1led the Assam Finance Act. 1939.\r\n(2) It extends to the whole of Assam.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 0
        },
        {
            "number": "2",
            "title": "Section 2: Rate of Agricultural Income Tax",
            "chapter": null,
            "content": "The rates of agricultural income-tax for theyear beginning on the 1st of April, 1939, shall\r\nlncome-tax. for the purpose of sections 3 and 6 of the Assam\r\nAgricultural Income-tax Act, 1939, be the rates\r\ngiven below :-\r\nA.-In the case of every Hindu undivided or\r\nJo!nt Family-\r\n(a) at the rate applicable under the list of\r\nrates contained in paragraph B below\r\nto a sum equal to the share of a brother if such share exceeds- Rs.S,OOO ;\r\n(b) at four pies in the rupee, if the share of a\r\nbrother is Rs.S,OOO or less.\r\nB.-In the case of every individual, firm and'\r\nother association of persons (other than· Companies)- Rate\r\n1. On the first Rs.l,SOO of total income. . Nil.\r\n2. On the next Rs.3,500 of total income .. Nine pies in\r\nthe rupee.\r\n3. On the next R1.S,ooo of total income .. One anna and\r\nthree pies m\r\nthe rupee.\r\n4. On tl1e next Rs.S,OOO of total income .. Two anna.9 in\r\nthe 1upee.\r\n5. On the balance of total income Two ann as and\r\n:Rriu : Indian annas 3,\r\nsix pies in\r\nthe rupee.\r\nPtice : English 3</..,.\r\ntO \r\n2\r\nC'.-In the case of every Company\r\n-\r\nOn the whole of total income\r\nProvided always thatTwo ann.'ls and\r\nsix ptes in\r\nthe rupee.\r\n(i) no agricultural income\r\n-tax shall be pay\r\n- able on a total agricultural income\r\nwhich does not exceed Rs.3, 000, and\r\n(ii) the agricultural income-tax payable shall\r\nin no case exceed half the amount by\r\nwhich the total agricultural income\r\nexceeds Rs.3,000. ",
            "footnote": "",
            "is_definition": false,
            "sort_order": 1
        },
        {
            "number": "3",
            "title": "Section 3: Rate Of Sales Tax",
            "chapter": null,
            "content": "The tax levied under section 3 l) of the\r\nSale Tax· Assam Sales 1 ax Act, 1939, shall be a tax of !'i\r\nper centum on the retail sale of each of the\r\nfollowing articles:-\r\nMotor Cars.\r\nMotor Cycles..\r\nRadio or Wireless Sets.. ",
            "footnote": "",
            "is_definition": false,
            "sort_order": 2
        }
    ],
    "metadata": {
        "Act ID": "193910",
        "Act Number": "10",
        "Enactment Date": "1939-08-23",
        "Act Year": "1939",
        "Short Title": "The ASSAM FINANCE ACT, 1939",
        "Department": "Finance (Institutional Finance) Department",
        "Type": "STATE",
        "Location": "Assam"
    },
    "updated_at": "2026-09-29 21:52:02"
}