Section 54 - Amendment of Act 13 of 1963 - Finance Act, 1964

54. Amendment of Act 13 of 1963 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. .