https://www.taxtmi.com/circulars?id=10275 Instruction defines company capital for surtax as the aggregate on the first day of the relevant previous year of specified reserves including development rebate reserve and other reserves reduced by amounts already allowed as deductions; the Explanation excludes certain balance-sheet entries under "Reserves and Surplus" and "Current Liabilities and Provision" in Schedule VI from being treated as reserves for capital computation. en-us Mon, 11 Nov 1974 00:00:00 +0530 Mon, 13 Jun 2011 13:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10275 Instruction defines company capital for surtax as the aggregate on the first day of the relevant previous year of specified reserves including development rebate reserve and other reserves reduced by amounts already allowed as deductions; the Explanation excludes certain balance-sheet entries under "Reserves and Surplus" and "Current Liabilities and Provision" in Schedule VI from being treated as reserves for capital computation. Circulars Income Tax Mon, 11 Nov 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10275