https://www.taxtmi.com/acts?id=46127 Amendments modify the Companies (Profits) Surtax Act by treating as deductible the amount of income tax payable with reference to the relevant amount of distributions of dividends and the amount payable under section 104 of the Income tax Act (with a proviso that for the assessment year commencing 1 April 1964 "income tax" is to be construed as super tax), and by altering the Third Schedule to reduce the statutory surtax percentage to 35 per cent., remove specified provisos and omit Paragraph 2. en-us Thu, 12 Dec 2024 15:09:49 +0530 Thu, 12 Dec 2024 16:39:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46127 Amendments modify the Companies (Profits) Surtax Act by treating as deductible the amount of income tax payable with reference to the relevant amount of distributions of dividends and the amount payable under section 104 of the Income tax Act (with a proviso that for the assessment year commencing 1 April 1964 "income tax" is to be construed as super tax), and by altering the Third Schedule to reduce the statutory surtax percentage to 35 per cent., remove specified provisos and omit Paragraph 2. Act-Rules F. Acts / Amendment Acts Thu, 12 Dec 2024 15:09:49 +0530 https://www.taxtmi.com/acts?id=46127