Surcharge on tax: applicable central surcharge increases the tax charge where a search or requisition is initiated. The amendment inserts a proviso requiring that the tax chargeable under the income-tax charging provision be increased by any surcharge levied under ... Summary
Surcharge on tax: applicable central surcharge increases the tax charge where a search or requisition is initiated.
The amendment inserts a proviso requiring that the tax chargeable under the income-tax charging provision be increased by any surcharge levied under central law that is applicable in the assessment year relevant to the previous year in which a search is initiated or a requisition is made.
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