Amendment of Chapter Xi
In Chapter XI of the Income tax Act,
(i) for the heading "SUPER TAX", the heading "ADDITIONAL INCOME TAX ON UNDISTRIBUTED PROFITS" shall be substituted;
(ii) sub headings "A. General", "B. Incomes forming part of total income on which no super tax is payable", "C. Rebate of super tax" and "D. Additional super tax on undistributed profits" and sections 95 to 103 (both inclusive) shall be omitted.