Clarification related to guidelines for establishing ‘Piace of Effective Management’ (PoEM) in India-reg. - Income Tax - 25 of 2017

..... which has become effective from 1st April. 2017, i.e., Assessment Year 2017-18 onwards. 2. Guiding Principles for determination of PoEM of a company were issued on 24th January, 2017 vide Circular No 06 of 2017. Further, vide Circular No 08 of 2017 dated 23rd February, 2017. it has been clarified that the PoEM provisions shall not apply to a company having turnover or gross receipts of ₹ 50 crore or less in a financial year. 3. Representations have been received from the stakeholders wher .....

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Clarification related to guidelines for establishing ‘Piace of Effective Management’ (PoEM) in India-reg. - Income Tax

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..... by either the holding company or any other person (s) resident in India. then the PoEM shall be considered to be in India. 4.2 It has also been provided that for this purpose. merely because the BoD follows general and objective principles of global policy of the group laid down by the parent entity which may be in the field of Pay roll functions. Accounting. Human resource (HR) functions. IT infrastructure and network platforms. Supply chain functions. Routine banking operational procedures. an .....

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Clarification related to guidelines for establishing ‘Piace of Effective Management’ (PoEM) in India-reg. - Income Tax

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