Companies (Profits) Surtax Act, 1964
An Act to impose a special tax on the profits of certain companies.
- 1 Short title and extent
- 2 Definitions 1 judgment
- 3 Tax authorities
- 4 Charge of tax 1 judgment
- 5 Return of chargeable profits
- 6 Assessment
- 7 Provisional assessment
- 7A Advance payment of surtax
- 7B Interest payable by Government
- 7C Interest payable by assessee
- 7D Interest payable by assessee in case of under estimate, etc
- 8 Profits escaping assessment
- 9 Penalties
- 9A False estimate of, or failure to pay, advance surtax
- 10 Opportunity of being heard
- 11 Appeals to the Commissioner (Appeals)
- 11A Transfer of certain pending appeals
- 12 Appeals to Appellate Tribunal
- 13 Rectification of mistakes 1 judgment
- 14 Other amendments
- 15 Surtax deductible in computing distributable income under Income-tax Act
- 16 Revision of orders prejudicial to revenue
- 17 Revision of orders by Chief Commissioner or Commissioner
- 18 Application of provisions of Income-tax Act 4 judgments
- 19 Income-tax papers to be available for the purposes of this Act
- 20 Failure to deliver returns, etc
- 21 False statements
- 22 Abetment of false returns, etc
- 23 Institution of proceedings and composition of offences
- 24 Power to make exemption, etc., in relation to certain Union territories
- 24A Agreement with foreign countries 2 judgments
- 24AA Power to make exemption, etc., in relation to participation in the business of prospecting for, extraction, etc., of mineral oils 1 judgment
- 25 Power to make rules
- 26 Saving
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.