Tax on distributed profits: corporate-level dividend tax applies and must be remitted by the company within prescribed timeframes. An additional corporate tax is imposed on dividends declared, distributed or paid by domestic companies, payable irrespective of income-tax liability; the company and its principal officer must remit the tax within fourteen days of declaration, distribution or payment. The taxable amount is reduced by specified dividends received and other limited reductions, grossed up to determine liability (subject to certain exceptions), and the tax so paid is treated as the final tax with no further deductions or credits allowed. Specific exemptions apply for SEZ developers, business-trust-acquired companies, and IFSC units under prescribed conditions.