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of <h1>Guidelines for Determining 'Place of Effective Management' in India for Companies with Turnover Over Rs. 50 Crore.</h1> The circular clarifies guidelines for determining the 'Place of Effective Management' (PoEM) in India, effective from April 1, 2017. PoEM applies to companies with turnover exceeding Rs. 50 crore. Concerns were raised about multinational companies with regional headquarters in India potentially being taxed due to employees managing operations from India. The circular states that PoEM is presumed outside India if board meetings occur outside India unless management powers are exercised by entities in India. Adherence to global policies in areas like payroll and IT does not imply the board is inactive. Abuse of these clarifications may trigger General Anti-Avoidance Rules.
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