https://www.taxtmi.com/article/detailed?id=9600 Meaning of domestic company requires that, for income taxable under the Act, the company has made prescribed arrangements for both the declaration and payment of dividends within India. Such arrangements are practical and cumulative: board recommendation to declare dividend, identification of entitled shareholders and an India based payment mechanism; mere maintenance of registers or administrative steps does not suffice. Rule 27 describes limited arrangements for TDS purposes, but the Act's definition governs generally and arrangements arise only when a dividend is declared. en-us Mon, 28 Dec 2020 09:51:39 +0530 Mon, 28 Dec 2020 09:51:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9600 Meaning of domestic company requires that, for income taxable under the Act, the company has made prescribed arrangements for both the declaration and payment of dividends within India. Such arrangements are practical and cumulative: board recommendation to declare dividend, identification of entitled shareholders and an India based payment mechanism; mere maintenance of registers or administrative steps does not suffice. Rule 27 describes limited arrangements for TDS purposes, but the Act's definition governs generally and arrangements arise only when a dividend is declared. Articles Income Tax Mon, 28 Dec 2020 09:51:39 +0530 https://www.taxtmi.com/article/detailed?id=9600