The ASSAM FINANCE ACT, 1941

{
    "id": 174,
    "slug": "assam-finance-act-1941",
    "title": "The ASSAM FINANCE ACT, 1941",
    "short_title": "The ASSAM FINANCE ACT, 1941",
    "act_number": "9",
    "act_year": 1941,
    "act_type": "STATE",
    "location": "Assam",
    "law_status": "repealed",
    "enactment_date": "1941-08-13",
    "description": "The ASSAM FINANCE ACT, 1941",
    "preamble": "",
    "section_label": "Section",
    "sections": [
        {
            "number": "1",
            "title": "Section 1 :Short Title",
            "chapter": null,
            "content": "1.(1) This Act may be calJed the Assam Finance Aet,\r\n1941.\r\n(2) It extends to the whole of Assam. ",
            "footnote": "",
            "is_definition": false,
            "sort_order": 0
        },
        {
            "number": "2",
            "title": "Section 2. The rates of agricultural income tax for the year",
            "chapter": null,
            "content": "The rates of agricultural income-tax for the yea\r\nt beginning on the 1st of April, 1941, shall for the purpose o ax. sections 3 and 6 of the Assam Agricultural Income-tax Act,\r\n1939, be the rates given below:- ·\r\nA .-In the case of every Hindu undivided or Joint\r\nFamily-\r\n( a) at the rate applicable under the list of rates\r\ncontained in paragraph B below to a ~urn\r\nequal to the share of a brother if such share\r\nex eeds Rs.S,OOO;\r\n(b) at four pies in the rupee, if the share of a brother\r\nis Rs 5,000 or less.\r\nB.-In the case of every individual, firm and other\r\nassociation of persons (other than Companies)-\r\n1. On the first Rs.I,SOO of\r\ntotal income.\r\n2. On the next Rs.3,500 of\r\ntotal income. •\r\n3. On the next Rs.5,000 of\r\ntotal income.\r\n4. On the next Rs.5,000 of\r\ntotal income.\r\nRate.\r\nNil.\r\nNine pies in the rupee.\r\nOne anna and three pies in\r\nthe rupee.\r\nTwo annas in the rupee.\r\n5. On the balance of total Two a'nnas and six. pies in\r\nincome. the rupee.\r\nC.-In the case of every CompanyOn the whole total income Two annas and\r\nthe rupee.\r\nsix pies in\r\nProvided always that-\r\n(i) No agricultural income-tax sball be payable on a\r\ntotal agricultural income which does not exceed\r\nRs.S,OOO, and\r\n(ii) the agricultural income-tax payable shall in no\r\ncase exceed half the amount by which the total\r\nagricultural income exceeds Rs. 3,000. ",
            "footnote": "",
            "is_definition": false,
            "sort_order": 1
        }
    ],
    "metadata": {
        "Act ID": "19419",
        "Act Number": "9",
        "Enactment Date": "1941-08-13",
        "Act Year": "1941",
        "Short Title": "The ASSAM FINANCE ACT, 1941",
        "Department": "Finance (Institutional Finance) Department",
        "Type": "STATE",
        "Location": "Assam"
    },
    "updated_at": "2026-09-29 21:52:02"
}