“Firm” shall have the meaning assigned to it in the Indian Partnership Act, 1932 (9 of 1932), and shall include a limited liability partnership as defined in the Limited Liability Partnership Act, 2008 (6 of 2009);

(ii) “Partner” shall have the meaning assigned to it in the Indian Partnership Act, 1932 (9 of 1932), and shall include,—

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“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.

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Any distribution by a company of accumulated profits, whether capitalised or not, if such distribution entails the release by the company to its shareholders of all or any part of the assets of the company,any distribution to its shareholders by a company of debentures, debenture-stock, or deposit certificates….

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Demerger means all the properties and liabilities of the undertaking, being transferred by the demerged company, immediately before the demerger, becomes the property of the resulting company by virtue of the demerger…

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COMPANY 2(17) Definition “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 (11 of […]

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CHILD 2(15B) Defintion “child”, in relation to an individual, includes a step-child and an adopted child of that individual ;]   explanation: step child- a child of one’s husband or wife by a previous marriage.

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CHARITABLE PURPOSE 2(15) Meaning Charitable purpose means working towards any act of general public utility. Charitable institutions and donations towards charitable purposes is elegible for tax exemptions or for claiming deductions. Definition “charitable purpose”includes relief of the poor, education, medical relief, [preservation of environment (including watersheds, forests and wildlife) and preservation of monuments or places […]

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