OrbitaxIndia New Place of Effective Management Rules do Not apply for Companies with Turnover of INR 500 million or less
|Approved Changes|India
On 23 February 2017, India's Central Board of Direct Taxes issued Circular No. 08 of 2017, which clarifies the application of the final guidelines for the determination of the place of effective management (POEM) of a company provided by Circular No. 06 of 2017 ({News-2017-01-25/A/3- previous coverage}). Circular No. 08 clarifies that the new provisions regarding POEM, which are effective 1 Ap…
Continue Reading
