Definition of Domestic Company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 March 2010
Definition of Domestic Company & Foreign Company as per Income Tax Act, 1961.
Send me the definition
Send me the definition
03 March 2010
Domestic company has different connotations for different provisions under IT so pls specifiy as to in which context or rather for which provisions u require to know the definition of a domestic company.....
03 March 2010
Domestic Company 2(22A)
domestic company means an Indian company, or any other company which, in respect of its income liable to tax under this Act, has made the prescribed arrangements for the declaration and payment, within India, of the dividends (including dividends on preference shares) payable out of such income.
Foreign Company 2 (23A)
foreign company means a company which is not a domestic company.
domestic company means an Indian company, or any other company which, in respect of its income liable to tax under this Act, has made the prescribed arrangements for the declaration and payment, within India, of the dividends (including dividends on preference shares) payable out of such income.
Foreign Company 2 (23A)
foreign company means a company which is not a domestic company.
03 March 2010
An Indian company is automotically falls under domestic company under Income tax
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