Indian Income-Tax Act, 1922

Section - 55 - Charge of super-tax

CHAPTER IX

SUPER-TAX

55. Charge of super-tax.—In addition to the income-tax charged for any year, there shall be charged, levied and paid for that year in respect of the total income of the previous year of any [individual, Hindu undivided family, [company, local authority, unregistered firm or other association of persons], not being a registered firm], [or the partners of the firm or members of the association individually,] an additional duty of income-tax (in this Act referred to as super-tax) at the rate or rates laid down for that year by [a Central Act]:

[Provided that where under the provisions of clause (b) of sub-section (5) of section 23 an unregistered firm has been assessed in the manner applicable to a I registered firm, super-tax shall be payable by each partner of the firm individually on his share in the income, profits and gains of the firm and not by the firm itself:]

Provided [further] that, where the profits and gains of an unregistered firm [or other association of persons not being a company] have been assessed to super-tax, super-tax shall not be payable by [a partner of the firm or a member of the association, as the case may be], in respect of the amount of such profits and gains which is proportionate to his share.

 

Substituted for "individual, unregistered firm, Hindu undivided family or company" by s. 7 read with s. 11, Indian I.T. (Amendment) Act, 1924, w.e.f. 1-4-1923.

Substituted for "company, unregistered firm or other association of individuals" by s. 67, Indian I.T. (Amendment) Act, 1939.

Inserted, s. 67, Indian I.T. (Amendment) Act, 1939.

Substituted for "Act of the Central Legislature" by Adaptation of Laws Order, 1950.

Inserted by s. 67, Indian I.T. (Amendment) Act, 1939.

Substituted for "an individual having a share .... To read the full section download the app from Google Play store
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details