https://www.taxtmi.com/acts?id=45904 The Finance Act, 1965 amends the Companies (Profits) Surtax Act, 1964 by deleting references to super-tax and substituting income-tax where specified; expanding qualifying activities to include construction as well as manufacture or production; replacing the list of specified articles; and adding a proviso that where a qualifying company's aggregate of income-tax (after adjustments) and surtax exceeds a statutory proportion of total income, the excess is deducted from surtax to determine surtax payable. en-us Thu, 05 Dec 2024 12:39:16 +0530 Thu, 05 Dec 2024 12:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45904 The Finance Act, 1965 amends the Companies (Profits) Surtax Act, 1964 by deleting references to super-tax and substituting income-tax where specified; expanding qualifying activities to include construction as well as manufacture or production; replacing the list of specified articles; and adding a proviso that where a qualifying company's aggregate of income-tax (after adjustments) and surtax exceeds a statutory proportion of total income, the excess is deducted from surtax to determine surtax payable. Act-Rules F. Acts / Amendment Acts Thu, 05 Dec 2024 12:39:16 +0530 https://www.taxtmi.com/acts?id=45904