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<h1>Surtax on Excess Profits Under Section 4 of Companies Surtax Act, 1964 Notified by Central Government</h1> The Central Government has notified that the surtax chargeable under section 4 of the Companies (Profits) Surtax Act, 1964, is considered a tax on excess or abnormal profits. This decision is in accordance with clause (d) of sub-section (4) of section 349 of the Companies Act, 1956, and the Ministry of Finance's Notification No. 178 from February 1, 1964. The notification applies to financial years ending on or after its publication date in the Gazette of India.