An Indian company holds 100% equity in a foreign subsidiary that earned profits of ₹50,00,000 but did not declare a dividend. Is the Indian company liable to tax on the subsidiary's income in FY 2024-25?

• ANo; only dividends received are taxable
• BYes; Section 9(1)(d) requires taxes on all profits of foreign subsidiaries
• CYes, if the subsidiary is a 'controlled foreign corporation' as per Section 94(7)
• DNo; dividend withholding is automatic without declaration