The Taxation Laws (Amendment) Ordinance, 2019 (or ’the Ordinance’) was passed by Lok Sabha on December 2, 2019. The Ordinance provides significant tax cuts to Domestic companies. This article specifically enlightens the treatment of the same in Books of Account of the assessee taking benefit of the ordinance.
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.
