Interest payable for non-payment of tax by domestic companies Where the principal officer of a domestic company and the company fails to pay the whole or any part of the tax on distributed profits referred to in sub-section (1) of section 115-O, within the time allowed under sub-section (3) of that section, he or it shall […]

Tax on distributed profits of domestic companies  (1) Notwithstanding anything contained in any other provision of this Act and subject to the provisions of this section, in addition to the income-tax chargeable in respect of the total income of a domestic company for any assessment year, any amount declared, distributed or paid by such company

Bar of proceedings in certain cases [Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.] Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance

Special provision for disallowance of deductions and rebate of income-tax [Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.] Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit

Return of income not to be filed in certain cases [Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.] Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit

Special provision for computation of income in certain cases [Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.] Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit |

Foreign company said to be resident in India (1) Where a foreign company is said to be resident in India in any previous year and such foreign company has not been resident in India in any of the previous years preceding the said previous year, then, notwithstanding anything contained in this Act and subject to

Conversion of an Indian branch of foreign company into subsidiary Indian company (1) Where a foreign company is engaged in the business of banking in India through its branch situate in India and such branch is converted into a subsidiary company thereof, being an Indian company (hereafter referred to as an Indian subsidiary company) in

Interpretation in this Chapter In this Chapter—  (a) “accountant” shall have the same meaning as in the Explanation below sub-section (2) of section 288;  (b) “alternate minimum tax” means the amount of tax computed on adjusted total income,— 95[(i) in case of an assessee being a unit referred to in clause (i) of sub-section (4) of section 115JC, at the

Application of this Chapter to certain persons 1) The provisions of this Chapter shall apply to a person who has claimed any deduction under—  (a) any section (other than section 80P) included in Chapter VI-A under the heading “C.—Deductions in respect of certain incomes”; or  (b) section 10AA; or  (c) section 35AD. (2) The provisions of this Chapter shall not