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Start Free TrialFinance Act, 1963 Complete Act
State: Central
Year: 1963
.....no part of which had been exempt from tax and on no portion of which deduction of tax had been admissible under any provisions of the Income-tax Act or this Act. SECTION 03: ADDITIONAL SURCHARGE NOT TO BE TAKEN INTO ACCOUNT FOR PURPOSES OF DEDUCTION, ETC - Notwithstanding anything contained in the provisions of Chapter 7-orChapter 8-orsection 110 of the Income-tax Act-or sub-section (5) of section 2-of this Act, in calculating any relief, rebate or deduction in respect of income-tax payable on the total income of an assessee which includes any income on which no income-tax is payable or in respect of which a deduction of income-tax is admissible under any of the aforesaid provisions, no amount shall be taken of the additional surcharge. SECTION 04: 4-20 AMENDMENT OF ACT 43 OF 1961. - [These amendments were incorporated in that Act then.] SECTION 21: AMENDMENT OF ACT 27 OF 1957 - [Amendment in S. 5 of Wealth-tax Act, 1957 was incorporated in that Act then.] SECTION 22: AMENDMENT OF ACT 32OF L934 -This Act has now been repealed and replaced by the Customs Tariff Act, 1975. SECTION 23: SURCHARGE ON DUTIES OF CUSTOMS (1) In the case of goods chargeable with a duty of customs.....
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