TMI BlogHow to determine the residential status of a company?X X X X Extracts X X X X X X X X Extracts X X X X ..... n India. For this purpose, the place of effective management means a place where key management and commercial decisions that are necessary for the conduct of the business of an entity as a whole are, in substance made. The concept of POEM is effective from Assessment Year 2017-18. The CBDT has issued the final guidelines for determination of POEM of a foreign company. The final guideli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cess, namely: 1. First stage would be identification or ascertaining the person or persons who actually make the key management and commercial decision for conduct of the company's business as a whole. 2. Second stage would be determination of place where these decisions are in fact being made. However, it has been provided that the POEM guidelines shall not apply to a company having ..... X X X X Extracts X X X X X X X X Extracts X X X X
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