Draft Guiding Principles for Determination of Place of Effective Management (Poem) of a Company Formulated

Last updated: 24 December 2015

The Finance Act, 2015 has amended, with effect from 01.04.2016, the provisions of Income-tax Act relating to determination of residence of a company. In accordance with the amended provisions a company would be said to be resident in India in any previous year, if it is an Indian company or its Place of Effective Management (POEM)in that year is in India. The Explanatory Memorandum to the Finance Bill, 2015 stated that a set of guiding principles for determination of POEM would be issued
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Attached File : 40_15255_poem23122015.pdf


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