Surcharge on advance tax payable by companies during the financial year 1971-72

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..... harge at the rate of 2.5 per cent on advance tax payable under the Income-tax Act by all companies during the financial year 1971-72. The amount of the surcharge is required to be paid by companies on their own motion, without the requirement of the service of any notice of demand by the Income-tax Officer, on or before 15-3-1972. The surcharge paid will be treated as payment of income-tax in resp .....

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..... a part of the advance tax payable by the company in accordance with the provisions of sections 208 to 219 of the Income-tax Act. Hence, the amount required to be paid by way of surcharge will not be taken into account for the purposes of applying the provisions of section 214 [interest payable by Government], sections 215 to 217 [interest payable by assessees in certain circumstances] and section .....

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