Domestic Company definition ties corporate status to arranging dividend declaration and payment within India for taxable income. A Domestic Company is an Indian company or any other company which, in respect of income liable to tax under the Income-tax 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.
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Provisions expressly mentioned in the judgment/order text.
Domestic Company definition ties corporate status to arranging dividend declaration and payment within India for taxable income.
A Domestic Company is an Indian company or any other company which, in respect of income liable to tax under the Income-tax 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.
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