Under-charge of sur-tax due to deduction of tax on excess dividends.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eferred: Rule 2(i)(b) of ST Act Statute: Under the Companies (Profits) Sur-tax Act, 1964 while computing the chargeable profits deduction is allowed in respect of the Income-tax payable by the Comp....