Section 2(17) | Section 2(22A) | Section 2(26) | Section 2(23A) Of Income Tax Act

Namaskaar Doston, Aaj ke is video me main aap log ke saath companies ki defition ke baare me baat karne jaa raha hu jo ki income tax act ke Section 2(17) me Company, Section 2(22A) me Domestic Company, Section 2(26) me Indian Company aur Section 2(23A) me Foreign Company ke baare me diya hua hai.
Umeed hai aap logo ko video pasand aayega.

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~Definition of Company As Per Section 2 Clause 17 Of Income Tax Act, 1961: "company" means—
(i)any Indian company, or
(ii)any body corporate incorporated by or under the laws of a country outside India, or
(iii)any institution, association or body which is or was assessable or was assessed as a company for any assessment year under the Indian Income-tax Act, 1922, or which is or was assessable or was assessed under this Act as a company for any assessment year commencing on or before the 1st day of April, 1970, or
(iv)any institution, association or body, whether incorporated or not and whether Indian or non-Indian, which is declared by general or special order of the Board to be a company :
Provided that such institution, association or body shall be deemed to be a company only for such assessment year or assessment years (whether commencing before the 1st day of April, 1971, or on or after that date) as may be specified in the declaration.
~Definition of Domestic Company As Per Section 2 Clause 22A Of Income Tax Act, 1961: "domestic company" means an Indian company, or any other company which, in respect of its income liable to tax under this 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.
~Definition of Foreign Company As Per Section 2 Clause 23A Of Income Tax Act, 1961: "foreign company" means a company which is not a domestic company.
~Definition of Indian Company As Per Section 2 Clause 26 Of Income Tax Act, 1961: "Indian company" means a company formed and registered under the Companies Act, 1956(Now Companies Act, 2013), and includes—
(i)a company formed and registered under any law relating to companies formerly in force in any part of India (other than the State of Jammu and Kashmir and the Union territories specified in sub-clause (iii) of this clause);
(ia)a corporation established by or under a Central, State or Provincial Act;
(ib)any institution, association or body which is declared by the Board to be a company under clause (17);
(ii)in the case of the State of Jammu and Kashmir, a company formed and registered under any law for the time being in force in that State;
(iii)in the case of any of the Union territories of Dadra and Nagar Haveli, Goa, Daman and Diu, and Pondicherry, a company formed and registered under any law for the time being in force in that Union territory;
Provided that the registered or, as the case may be, principal office of the company, corporation, institution, association or body in all cases is in India.

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