Notwithstanding anything contained in clause (i) of section 109 of the Income-tax Act, in computing the distributable income of a company for the purpose of Chapter XID of that Act, the surtax payable by the company for any assessment year shall be deductible from the total income of the company assessable for that assessment year.
Section 15: Surtax deductible in computing distributable income under Income-tax Act.
The Companies (Profits) Surtax Act, 1964Central Act · Act 7 of 1964
Where this provision sits
| Act | The Companies (Profits) Surtax Act, 1964 |
|---|---|
| Section | 15 |
| Marginal note | Surtax deductible in computing distributable income under Income-tax Act. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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