The draft guiding principles for determination of Place of Effective Management (PoEM),as stated in the Explanatory Memorandum to the Finance Bill, 2015; were formulated and uploaded on the Finance Ministry website (www.finmin.nic.in) and website of the Income-tax Department (www.incometaxindia.gov.in) for comments from stakeholders and general public.

The comments and suggestion on the draft guidance were to be sent by 2nd January, 2016.

Representations requesting for extension of the last day for submitting comments and suggestions, have been received and considered.

It has been decided to extend the period for receiving the comments and suggestion of stakeholders and general public by a week. Accordingly, the comments and suggestion on the above draft guidance may now be sent by 9th January, 2016 at the email address ([email protected]) or by post at the following address with “Comments on draft Guidance on POEM”  written on the envelop.

The Director (Tax Policy & Legislation)-I

Central Board of Direct Taxes,

Room No. 147-D,

North Block,

New Delhi – 110001

Place of Effective Management consultation period extended; stakeholders may submit comments by the new deadline via email or post. The consultation period for draft Guiding Principles for determination of Place of Effective Management (PoEM) was extended by one week to allow stakeholders and the public additional time to submit comments; the draft is available on the Finance Ministry and Income tax Department websites and comments are to be sent by email or post with the prescribed labeling.