THE ASSAM FINANCE ACT, 1946

{
    "id": 2489,
    "slug": "assam-finance-act-1946",
    "title": "THE ASSAM FINANCE ACT, 1946",
    "short_title": "The Assam Finance Act, 1946",
    "act_number": "I",
    "act_year": 1946,
    "act_type": "STATE",
    "location": "Assam",
    "law_status": "overruled",
    "enactment_date": "0194-04-01",
    "description": "The Assam Finance Act, 1946",
    "preamble": "",
    "section_label": "Section",
    "sections": [
        {
            "number": "1",
            "title": "An ACT",
            "chapter": null,
            "content": "An Act to fix the rates at which Agricultural Income shall be taxed under the Assam Agricultural Income-tax Act, 1939.\n\nWHEREAS it is expedient to fix the rates at which Agricultural Income shall be taxed under the Assam Agricultural Income-tax Act, 1939; it is hereby enacted as follows:",
            "footnote": "",
            "is_definition": false,
            "sort_order": 0
        },
        {
            "number": "1",
            "title": "Section 1(1)",
            "chapter": null,
            "content": "This Act may be called the Assam Finance Act, 1946.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 10
        },
        {
            "number": "1",
            "title": "Section 1(2)",
            "chapter": null,
            "content": "It extends to the whole of Assam.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 20
        },
        {
            "number": "2",
            "title": "Section 2",
            "chapter": null,
            "content": "The rates of Agricultural Income-tax for the year beginning on the 1st of April 1946, shall for the purpose of Sections 3 and 6 of the Assam Agricultural Income-tax Act, 1939, be the rates given below:",
            "footnote": "Assam Act IX of 1939.",
            "is_definition": false,
            "sort_order": 30
        },
        {
            "number": "2",
            "title": "Section 2(A)",
            "chapter": null,
            "content": "In the case of every Hindu undivided or joint family-\n(a) at the rate applicable under the list of rates contained in paragraph B below to a sum equal to the share of a brother if such share exceeds Rs. 5,000;\n(b) at four pies in the rupee, if the share of the brother is Rs. 5,000 or less.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 40
        },
        {
            "number": "2",
            "title": "Section 2(B)",
            "chapter": null,
            "content": "In the case of every individual, firm and other association of persons (other than Companies) -\n1. On the first Rs. 1,500 of total income\tNil.\n2. On the next Rs. 3,500 of total income\tNine pies in the rupee.\n3. On the next Rs. 5,000 of total income\tOne anna and three pies in the rupee.\n4. On the next Rs. 5,000 of total income\tTwo annas in the rupee.\n5. On the balance of total income\tTwo annas and six pies in the rupee.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 50
        },
        {
            "number": "2",
            "title": "Section 2(C)",
            "chapter": null,
            "content": "In the case of every Company-\nOn the whole total income\tTwo annas and six pies in the rupee.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 60
        },
        {
            "number": "2",
            "title": "Proviso to Section 2(C)",
            "chapter": null,
            "content": "Provided always that-\r\n(i) No agricultural income-tax shall be payable on a total agricultural income which does not exceed Rs. 3,000, and\r\n(ii) the agricultural income-tax payable shall in no case exceed half the amount by which the total agricultural income exceeds Rs. 3,000.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 70
        }
    ],
    "metadata": {
        "Act ID": "194601",
        "Act Number": "I",
        "Enactment Date": "1946-04-01",
        "Act Year": "1946",
        "Short Title": "The Assam Finance Act, 1946",
        "Department": "Assam Legislature",
        "Type": "STATE",
        "Location": "Assam"
    },
    "updated_at": "2026-09-29 21:52:02"
}