The Central Board of Direct Taxes (CBDT) has issued a draft notification detailing the computation process for various parameters involved in arriving at the tax liability of a foreign company, in case the company qualifies to becomes a resident in India for the first time under the rules of Place of Effective Management (PoEM).
Rakesh Nangia, Manging Partner shares his views on aforementioned story for following publications:
- The Hindu – Standalone story
- Hindu Business Line – Standalone story
- Financial Express- Standalone story