Tag: Companies

In the case of domestic companies, there is no change in the tax rates in respect of AY 2022-23, as per the Indian Finance Act, 2022. Therefore, the tax …

As per Section 2(17) of the Income Tax Act, 1961, unless the context otherwise requires, the term “company” means: (i) any Indian company, or (ii) any body corporate incorporated …

In view of the differential treatment available under the Income Tax act, 1961, in respect of the companies in which the public are substantially interested as against the other/ …

We live in a corporate era where restructuring through mergers and demergers is quite common. However, it is critical to understand the Income Tax implications of such strategic restructuring …

The Income Tax Act of 1961 and the Rules framed thereunder provide for different treatment of different types of companies based on their residential status. A company can be …

Find out what constitutes a 'person' under Section 2(31) of the Income Tax Act in India and what it means for tax purposes.

As per Section 2(32) of the Income Tax Act, 1961, unless the context otherwise requires, the term “person who has a substantial interest in the company”, in relation to …

As per Section 2(26) of the Income Tax Act, 1961, unless the context otherwise requires, the term “Indian company” means a company formed and registered under the Companies Act, …

The Finance Act of 2022 has not made any change in the tax rates applicable for foreign companies (i.e. companies other than domestic companies) in India for AY 2022-23. …

As per S. 2(22) of the Income Tax Act, 1961, unless the context otherwise requires, the term “dividend” includes- (a) any distribution by a company of accumulated profits, whether capitalised …