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In force

The Companies (Profits) Surtax Act, 1964

29 sections · As amended up to 2026-08

Sections

  1. 0Section 0
  2. 1Short title and extent
  3. 2Where a company owns any assets the income from which in accordance with clause (iii) or clause
  4. 3The net amount of income calculated in accordance with rule 2 shall be increased[1] [by the amount o
  5. 4Charge of tax
  6. 5Explanation 2 omitted by s. 39 and the Fifth Sch. (w.e.f. 10-7-1978)
  7. 6Assessment
  8. 7Provisional assessment
  9. 7BInterest payable by Government
  10. 7CInterest payable by assessee
  11. 7DInterest payable by assessee in case of underestimate, etc
  12. 9Penalties
  13. 9AFalse estimate of, or failure to pay, advance surtax
  14. 11Appeals to the[3] [Commissioner (Appeals)]
  15. 12Appeals to Appellate Tribunal.―
  16. 13Rectification of mistakes.―
  17. 14Other amendments.―
  18. 15Surtax deductible in computing distributable income under Income-tax Act.―
  19. 16Revision of orders prejudicial to revenue.―
  20. 17Revision of orders by
  21. 18Application of provisions of Income-tax Act.―
  22. 19Income-tax papers to be available for the purposes of this Act.―
  23. 20Failure to deliver returns, etc.―
  24. 21False statement
  25. 22Abetment of false returns, etc
  26. 23Institution of proceedings and composition of offences―
  27. 24Power to make exemption, etc., in relation to certain Union territories.―
  28. 25Power to make rules.―
  29. 26Saving