This is a video for education

1. ARUNKUMAR A
ASSISTANT PROFESSOR OF COMMERCE
KSMDB COLLEGE
SASTHAMCOTTAH

2. ASSESSMENT OF COMPANIES
COMPANY Section 2 (17)
Indian company
Foreign company
Institution, association or body assessed
under income tax act 1961
Institution association or body declared by
CBDT to be a company

3. INDIAN COMPANY Section 2(26)
Company formed and registered under
companies act 2013
Includes:
 Company formed and registered
under law of India (excluding Jammu
& Kashmir and specified places)
 Corporation established under
central state or provincial act

4. INDIAN COMPANY Section 2(26)
 Institution, association or body declared by
CBDT to be a company.
 In Jammu &Kashmir and other specified
places- formed and registered under law at that
time in that state
Note: Specified places: Dadra &Nagar Haveli,
Goa, Daman Diu, Pondicherry.

5. DOMESTIC COMPANY
 Section 2(22 A)
 Includes:
(i) all Indian companies
(ii) a foreign company which
had made prescribed arrangements
for declaration and payment of
dividends(out of taxable income in
India) within India

6. FOREIGN COMPANY
NON-DOMESTIC COMPANY
Section 2(23A)
 Company which is neither an Indian
company
Not made prescribed arrangements for
the declaration and payment of dividend
within India

7. RESIDENTIAL STATUS
2 STATUS:
1. RESIDENT
2. NON RESIDENT

8. RESIDENTIAL STATUS
RESIDENT
 It is an Indian company
 Its POEM (Place Of Effective Management)
in that year is in India.
NON RESIDENT
A Company not satisfying the above
conditions.
Foreign company with turnover not more
than 50 crores.

9. COMPANY IN WHICH PUBLIC ARE
SUBSTANTIALLY INTERESTED
 GOVERNMENT COMPANY: Govt owned/RBI owned
 GOVERNMENT PARTICIPATING COMPANY: not less
than 40% of shares held by Govt/RBI
 COMPANIES FOR CHARITABLE PURPOSE: Registerd
under section 25 of companies act 1956 or section 8
of companies act 2013.Formed for charity, promoting
art, religion etc and not for profit. No dividend to
members.

10. COMPANY IN WHICH PUBLIC ARE
SUBSTANTIALLY INTERESTED
 COMPANY WITHOUT SHARE CAPITAL: declared by the
board
 MUTUAL BENEFIT FINANCE COMPANY: business of
acceptance of deposits from members. Declared by Central
Govt to be a mutual benefit society.
 CO-OPERATIVE SOCIETY PARTICIPATING COMPANY:
Not less than 50%voting powers held by one or more co
operative societies.

11. COMPANY IN WHICH PUBLIC ARE
SUBSTANTIALLY INTERESTED
 COMPANY LISTED IN STOCK EXCHANGE: Listed in
recognized stock exchange
 ANY OTHER PUBLIC COMPANY: not less than 50%(40%-
industrial company) of voting rights held in previous year
by
Govt
Statutory corporation
Company having substantial interest
Wholly owned subsidiary company(100%
shares held by parent company)