The Finance (Amendment) Act, 1987

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....87 An Act to amend the Finance Act, 1987 Be  it  enacted by Parliament in the Thirty-eighth Year of the Republic of India as follows :- 1 SHORT TITLE AND COMMENCEMENT. (1)  This  Act  may be called the Finance (Amendment) Act, 1987. (2)  Sub-clause (ii) of clause (b) of section 3 and clause (c)  of  section 4 shall be deemed to have come into ....

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....sp; five  per  cent.  of  such deduction."; (b)  in  sub-section (5), after the proviso, the following  proviso shall be inserted, namely :- 'Provided further that in respect of any income chargeable to  tax   under  section 115B  of the Income-tax  Act, the "advance  tax" computed  under the  first proviso s....

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....ection", the words, figures and letter 'or surcharge  on  such "advance tax" in respect of any income chargeable to tax under section 115B' shall be inserted;  (ii) the following shall be added at the end, namely :-  "Surcharge on income-tax  The  amount  of income-tax computed in accordance with the provisions  of  Paragraphs  A,&....

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....; in respect of payment made after the date on which this Act receives the assent of the President; (b)  the   surcharge payable under  the second proviso  to sub-section  (5)   of  section 2 of  the principal Act, in respect  of  the  instalments of the "advance tax" paid or    payable  on  the 15th day o....