# The Finance Act, 1964, Section 65: Amendment of Act 20 of 1963

- Act: The Finance Act, 1964 (Act 5 of 1964)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1964/section/65/

## Text

Amendment of Act 20 of 1963 65. In the Compulsory Deposit Scheme Act, 1963, in section 4, after sub-section (9), the following sub-sections shall be inserted, namely:— "(9A) If any person has deposited any amount under the provisions of sub-section (3) or sub-section (4) which is in excess of the amount of additional surcharge payable by him, such excess shall, on an application made by that person, be refunded to him with interest due thereon, in such manner as the Central Government thinks fit. (9B) If any person who is liable to pay advance tax under the Income-tax Act has made a deposit under the provisions of sup-section (5) in the financial year commencing on the first day of April, 1963, the amount of such deposit shall, on an application made by that person be refunded to him with interest due thereon in such manner as the Central Government thinks fit.". [Finance Act, 1964] © Copyright. Taxmann Publications Pvt. Ltd.

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