Domestic company

This query is : Resolved 

11 December 2011 Sec 2(22A) specifies that -----“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 ;]

Indian co--registered in india.

my ques is if a co is registered o/s india & earning income in india by providing consultancy services in india & that company declares dividend & if there are few shareholders who are indian then whether it would be called a domestic company b/c the above section covers that (highlighted).

they are remitting the money earned in india by filing form 15CB & 15CA

11 December 2011 In case, of the company other than the Indian Company, if it meets all the requirement including making the arrangements for the declaration and payments of dividend payable out of Its Indian Income, then it comes under this definition.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link

Similar Resolved Queries


Unanswered Queries