Tag: Companies

Explore the comprehensive definition of "company" under Section 2(17) of the Income Tax Act, 1961, encompassing Indian and foreign entities, deemed institutions, and their tax implications for accurate compliance.

Explore Section 2(18) of the Income Tax Act, 1961, defining companies with substantial public interest. Learn criteria for tax benefits, including government ownership and shareholding patterns.

Learn the difference between domestic and foreign companies under the Income Tax Act, 1961. Understand definitions, tax rates, and compliance rules for Indian and foreign entities. Updated with Finance …

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

Learn the meaning of substantial interest under Section 2(32) of the Income Tax Act and its impact on related party transactions and expense disallowances.

Section 2(26) of Income Tax Act defines 'Indian company' to include entities registered under Companies Act, 1956 (now 2013), statutory corporations, specified regional bodies with principal office in India, …

Explore about the Health and Education Cess Rates applicable under the Income Tax in respect of AY 2024-25 for all types of assessees and taxation schemes.

The rates of income tax, surcharge, HEC and MAT, applicable in the case of domestic companies in India in respect of AY 2023-24.

Surcharge on income tax is payable if taxable income of a taxpayer exceeds a specified threshold limit during the AY 2023-24, like Rs 50 lacs in the case of …

The rates of income tax, surcharge, HEC and MAT, applicable in the case of foreign companies in India in respect of AY 2023-24.