https://www.taxtmi.com/acts?id=50413 Amendment increases the Companies (Profits) Surtax rate effective 1 April 1975 and adds a proviso limiting surtax for qualifying companies: where a qualifying Indian company or company with prescribed dividend arrangements meets the paid-up share capital threshold, if the sum of income-tax after allowable reliefs and the computed surtax exceeds seventy per cent of total income, the excess is deducted from surtax and the balance is payable. en-us Mon, 24 Mar 2025 17:58:11 +0530 Mon, 24 Mar 2025 17:58:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50413 Amendment increases the Companies (Profits) Surtax rate effective 1 April 1975 and adds a proviso limiting surtax for qualifying companies: where a qualifying Indian company or company with prescribed dividend arrangements meets the paid-up share capital threshold, if the sum of income-tax after allowable reliefs and the computed surtax exceeds seventy per cent of total income, the excess is deducted from surtax and the balance is payable. Act-Rules F. Acts / Amendment Acts Mon, 24 Mar 2025 17:58:11 +0530 https://www.taxtmi.com/acts?id=50413