The COMPANIES (PROFITS) SURTAX ACT, 1964

Sections

Section 1 — Short title and extent.

(1) This Act may be called the Companies (Profits) Surtax Act, 1964.

(2) It extends to the whole of India.

Browse all 37 sections
  1. 1.Short title and extent.
  2. 2.Definitions.
  3. 3.Tax authorities.
  4. 4.Charge of tax.
  5. 5.Return of chargeable profits.
  6. 6.Assessment.
  7. 7.Provisional assessment.
  8. 7A.Advance payment of surtax.
  9. 7B.Interest payable by Government.
  10. 7C.Interest payable by assessee.
  11. 7D.Interest payable by assessee in case of under estimate, etc.
  12. 8.Profits escaping assessment.
  13. 9.Penalties.
  14. 9A.False estimate of, or failure to pay, advance surtax.
  15. 10.Opportunity of being heard.
  16. 11.Appeals to the Commissioner (Appeals).
  17. 11A.Transfer of certain pending appeals.
  18. 12.Appeals to Appellate Tribunal.
  19. 13.Rectification of mistakes.
  20. 14.Other amendments.
  21. 15.Surtax deductible in computing distributable income under Income-tax Act.
  22. 16.Revision of orders prejudicial to revenue.
  23. 17.Revision of orders by Chief Commissioner or Commissioner.
  24. 18.Application of provisions of Income-tax Act.
  25. 19.Income-tax papers to be available for the purposes of this Act.
  26. 20.Failure to deliver returns, etc.
  27. 21.False statements.
  28. 22.Abetment of false returns, etc.
  29. 23.Institution of proceedings and composition of offences.
  30. 24.Power to make exemption, etc., in relation to certain Union territories.
  31. 24A.Agreement with foreign countries.
  32. 24AA.Power to make exemption, etc., in relation to participation in the business of prospecting for, extraction, etc., of mineral oils.
  33. 25.Power to make rules.
  34. 26.Saving.
  35. SCH-THE FIRST SCHEDULE.THE FIRST SCHEDULE
  36. SCH-THE SECOND SCHEDULE.THE SECOND SCHEDULE
  37. SCH-THE THIRD SCHEDULE.THE THIRD SCHEDULE