domestic company

[lakshmi gfg]

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

AI Summary

Does a Foreign Company Qualify as a 'Domestic Company' Under Section 2(22A) of the Income Tax Act? A user inquired whether a company registered outside India, earning income in India through consultancy services, and declaring dividends to some Indian shareholders qualifies as a 'domestic company' under Section 2(22A) of the Income Tax Act. The section defines a domestic company as an Indian company or any other company making arrangements for declaring and paying dividends within India. The company is remitting money earned in India using forms 15CB and 15CA. The only reply asked if the user had received clarification on the issue, inviting further discussion if needed.