{"act":{"id":"finance-act-1964","short_title":"The Finance Act, 1964","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 1964-1965.","act_number":"5","act_year":1964,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":57,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-1964/"},"unit":"section","section":{"number":"54","heading":"Amendment of Act 13 of 1963","text":"Amendment of Act 13 of 1963 54. In Paragraph A of Part I of the First Schedule to the Finance Act, 1963, for clause (ii) of the proviso to clause (c) under the heading \"Surcharges on income-tax\", the following clause shall be, and shall be deemed always to have been, substituted, namely:— \"(ii) the additional surcharge shall in no case exceed one-half of the amount by which the residual income exceeds the limit specified below.\". [Finance Act, 1964] © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of Act 13 of 1963</b></p><p><b>54.</b> In Paragraph A of Part I of the First Schedule to the Finance Act, 1963, for clause (<i>ii</i>) of the proviso to clause (<i>c</i>) under the heading <i>\"Surcharges on income-tax\",</i> the following clause shall be, and shall be deemed always to have been, substituted, namely:—</p><p><i>\"(ii</i>) the additional surcharge shall in no case exceed one-half of the amount by which the residual income exceeds the limit specified below.\".</p><p>[Finance Act, 1964]</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":84,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1964/section/54/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}