Section List

Act Number: 7

Act Name: The Companies (Profits) Surtax Act, 1964

Year: 1964

Enactment Date: 1964-05-02

Long Title: An Act to impose a special tax on the profits of certain companies.

Ministry: Ministry of Finance

Department: Department of Revenue

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