RESIDENTIAL STATUS OF A ‘COMPANY’

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..... nt 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 proposition : Place of Control Residential Status An Indian company A Company other than an Indi .....

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..... nt of unabsorbed depreciation, set oof or carry forward and set off losses, collection and recovery and special provision relating to avoidance of tax shall apply to foreign company for the said previous year with exception, modification and adaptations specified. [Notification 29/2018, dated 22.06.2018] See: Circular no. 25/2017 dated 23-10-2017 , 8/2017 dated 23-2-2017 and 6/2017 d .....

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