Contact us   Feedback   Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

POEM of Budget 2015

Income Tax - Direct Tax Code - DTC - By: - Deepak Aggarwal - Dated:- 2-3-2015 Last Replied Date:- 3-3-2015 - (w.e.f. 1st April, 2016) Place of effective management [POEM] is an internationally recognised concept for determination of residence of a company incorporated outside India. POEM means the place where key management and commercial decisions that are necessary for the conduct of the entity s business as a whole, are in substance made. Before coming on changes made by this budget 2015, we .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

side India As per Section 6 (3) of Income Tax Act, 1961, a company is said to be resident in India in any previous year, if - it is an Indian company; or Its place of effective management (POEM), at any time in that year, is in India. Analysis of change in condition In old conditions, whole of the control and management should be in India and it is also necessary that such control and management should be throughout the year. Due to this if any company hold even a single board meeting outside .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version