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<h1>Amendment to Companies (Profits) Surtax Act: Rule 1 Clarifies Income Exclusions and Deductions Under Income-tax Act Excluding Chapter VIA.</h1> In the First Schedule of the Companies (Profits) Surtax Act, an amendment is made to rule 1 by adding an explanation. This explanation clarifies that any income, profits, or gains that must be excluded from total income should be calculated according to the Income-tax Act, excluding Chapter VIA. If deductions are applicable under Chapter VIA, the income, profits, or gains should be computed and then reduced by the amount of such deductions.