Income Tax : Dive deep into India's criteria for determining company residency through Place of Effective Management (POEM) and its significanc...
Income Tax : Get answers to 41 frequently asked questions about the POEM (Place of Effective Management) concept for companies located outside ...
Income Tax : Place of Effective Management (PoEM) is an internationally recognized test for determining the residential status of a company inc...
Income Tax : Section 6 of Income Tax Act of India principally deals with conditions in which a business or an individual's residence is determi...
Income Tax : This article will be beneficial for you in case you want information on taxation on foreign companies. The Finance Act 2015 amende...
Income Tax : POEM Guidelines have been recently finalised only on 24th January, 2017, whereas the POEM provisions are already applicable w.e.f....
Income Tax : in a case where a foreign company is said to be resident in India on account of its Place of Effective Management (hereinafter ref...
Income Tax : Para 7 of POEM guidelines provides that the place of effective management in case of a company engaged in active business outside ...
Income Tax : CBDT invites comments and suggestions on the Draft Notification in respect of foreign company said to be resident in India under S...
Income Tax : Press Release on POEM guidelines dated 24th January, 2017 has, inter alia, stated that the POEM guidelines shall not apply to a c...
Income Tax : Section 6(3) of the Income-tax Act, 1961 (the Act), prior to its amendment by the Finance Act, 2015, provided that a company is sa...
Dive deep into India’s criteria for determining company residency through Place of Effective Management (POEM) and its significance in business activities outside India.
Get answers to 41 frequently asked questions about the POEM (Place of Effective Management) concept for companies located outside India but controlled from India. Understand the implications, criteria, and international perspectives on POEM.
Place of Effective Management (PoEM) is an internationally recognized test for determining the residential status of a company incorporated in foreign jurisdiction. This concept is crucial for all the tax treaties entered into by India as it helps to avoid double taxation.
Section 6 of Income Tax Act of India principally deals with conditions in which a business or an individual’s residence is determined if concerned has a domicile in India.
This article will be beneficial for you in case you want information on taxation on foreign companies. The Finance Act 2015 amended the test of residence of companies by inserting a concept called Place of Effective Management (POEM). Let us first find out what the section tells us and then let’s interpret it.
Determination of place of effective management (POEM) – ABOI and other principles 1. Introduction to POEM:- Section 6(3) of the Income-tax Act, 1961 (the Act), prior to its amendment by the Finance Act, 2015, provided that a company is said to be resident in India in any previous year, if it is an Indian company […]
AAR – Ruling on Benefit of India–Mauritius Treaty on Capital Gains taken by Tiger Global International Group in respect of Shares of Flipkart (Singapore Co) sold by Mauritius based Co to a Company in Luxembourg (which is controlled by Walmart) and the value of shares is derived from assets located in India Summary of Case […]
International Tax Perspective – Part II : Place of Effective Management (POEM) Establishments – Corporate Tax Residency Introduction Businesses are currently dealing with a multitude of issues as a result of the measures taken to stop the global spread of the COVID-19. One aspect that might not currently feature at the top of the list […]
With effect from AY 2017-18 company would be resident in India if in any previous year: 1. It is an Indian Company (i.e. Incorporated as per Companies Act 2013 or 1956) 2. Its Place of Effective Management (POEM) is in India for a particular PY. POEM means a place where key managerial and Commercial decisions […]
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.
