RESIDENTIAL STATUS OF A ‘COMPANY’ - Income Tax - Ready Reckoner - Income Tax

..... RESIDENTIAL STATUS OF A ‘COMPANY’ An Indian Company is always Resident in India. A foreign Company is resident in India, only if, during the previous year, Place of effective management (POEM) is in India. Conversely, a Foreign Company is treated as Non-Resident if, during the previous year, place of effective Management (POEM) is outside India. A company can never be “Ordinarily” or “not Ordinarily Resident” in India. The Table given below highlights the same .....

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RESIDENTIAL STATUS OF A COMPANY - Income Tax - Ready Reckoner - Income Tax

x x x x x   Extracts   x x x x x