Surcharge payments: deductibility limited to payments after enactment; specified deadlines imposed for advance tax surcharges. The Finance (Amendment) Act, 1987 provides that the surcharge under sub section (4A) of section 2 and Part II of the First Schedule is deductible only for payments made after the Act receives presidential assent, and prescribes specific payment deadlines for surcharges tied to advance tax instalments: certain instalments falling on mid year and later dates must be paid by set dates in order to comply with the amended provisions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Surcharge payments: deductibility limited to payments after enactment; specified deadlines imposed for advance tax surcharges.
The Finance (Amendment) Act, 1987 provides that the surcharge under sub section (4A) of section 2 and Part II of the First Schedule is deductible only for payments made after the Act receives presidential assent, and prescribes specific payment deadlines for surcharges tied to advance tax instalments: certain instalments falling on mid year and later dates must be paid by set dates in order to comply with the amended provisions.
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