Provided that-
(i) No agricultural income tax shall be payable on total agricultural income which does not exceed Rs. 12,000 in case of assessees other than companies:
(ii) In respect of paragraph A, the residual income shall not fall short of the following limit, and in any case where the residual income falls short of the said limit, the agricultural income tax payable shall be so reduced as to have a residual not falling short of such limit.
(a) Rupees forty-eight thousand increased by one percent of the excess of the total agricultural income which exceeds Rs. 1,00,000.
Section 22 • THE ASSAM AGRICULTURAL INCOME TAX (FIRST AMENDMENT) ACT, 1994
Proviso to Schedule
the-assam-agricultural-income-tax-first-amendment-act-1994-sec-22.json
•
Section 22
{
"act_title": "THE ASSAM AGRICULTURAL INCOME TAX (FIRST AMENDMENT) ACT, 1994",
"act_slug": "the-assam-agricultural-income-tax-first-amendment-act-1994",
"section_label": "Section",
"section": {
"number": "22",
"title": "Proviso to Schedule",
"chapter": null,
"content": "Provided that-\n(i) No agricultural income tax shall be payable on total agricultural income which does not exceed Rs. 12,000 in case of assessees other than companies:\n(ii) In respect of paragraph A, the residual income shall not fall short of the following limit, and in any case where the residual income falls short of the said limit, the agricultural income tax payable shall be so reduced as to have a residual not falling short of such limit.\n(a) Rupees forty-eight thousand increased by one percent of the excess of the total agricultural income which exceeds Rs. 1,00,000.",
"footnote": "",
"is_definition": false,
"sort_order": 210
},
"prev_section": "2",
"next_section": "23"
}