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:

  1. The Hindu – Standalone story
  2. Hindu Business Line – Standalone story
  3. Financial Express- Standalone story

Rakesh Nangia - Nangia & Co LLP CBDT Seeks

CBDT Issues Draft -Rakesh Nangia & Co LLP

CBDT Draft Notice - Rakesh Nangia