The Companies (Profits) Surtax Act, 1964
Central Act ยท Act 7 of 196434 provisions
The enactment
| Long title | An Act to impose a special tax on the profits of certain companies. |
|---|---|
| Type | Act |
| Citation | Act 7 of 1964 |
| Year | 1964 |
| Jurisdiction | Central |
| Ministry | Ministry of Finance |
| Status | In force as published by the source |
| Provisions published | 34 |
| Subjects | corporate |
Full text, provision by provision
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- Section 1 Short title and extent.
- Section 2 Definitions.
- Section 3 Tax authorities.
- Section 4 Charge of tax.
- Section 5 Return of chargeable profits.
- Section 6 Assessment.
- Section 7 Provisional assessment.
- Section 7A Advance payment of surtax.
- Section 7B Interest payable by Government.
- Section 7C Interest payable by assessee.
- Section 7D Interest payable by assessee in case of under estimate, etc.
- Section 8 Profits escaping assessment.
- Section 9 Penalties.
- Section 9A False estimate of, or failure to pay, advance surtax.
- Section 10 Opportunity of being heard.
- Section 11 Appeals to the Commissioner (Appeals).
- Section 11A Transfer of certain pending appeals.
- Section 12 Appeals to Appellate Tribunal.
- Section 13 Rectification of mistakes.
- Section 14 Other amendments.
- Section 15 Surtax deductible in computing distributable income under Income-tax Act.
- Section 16 Revision of orders prejudicial to revenue.
- Section 17 Revision of orders by Chief Commissioner or Commissioner.
- Section 18 Application of provisions of Income-tax Act.
- Section 19 Income-tax papers to be available for the purposes of this Act.
- Section 20 Failure to deliver returns, etc.
- Section 21 False statements.
- Section 22 Abetment of false returns, etc.
- Section 23 Institution of proceedings and composition of offences.
- Section 24 Power to make exemption, etc., in relation to certain Union territories.
- Section 24A Agreement with foreign countries.
- Section 24AA Power to make exemption, etc., in relation to participation in the business of prospecting for, extraction, etc., of mineral oils.
- Section 25 Power to make rules.
- Section 26 Saving.
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