https://www.taxtmi.com/forum/issue?id=108125 Amendment provides that a company shall be resident in India if it is an Indian company or if its Place of Effective Management (POEM) is in India at any time in the previous year. POEM is defined as the place where key management and commercial decisions necessary for the conduct of the entity's business as a whole are, in substance, made. The change replaces the prior requirement that control and management be wholly situated in India for the entire year and aims to align domestic rules with DTAA and OECD principles; guiding principles for POEM determination will be issued. en-us Sat, 28 Feb 2015 20:26:47 +0530 Thu, 23 Jan 2025 15:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108125 Amendment provides that a company shall be resident in India if it is an Indian company or if its Place of Effective Management (POEM) is in India at any time in the previous year. POEM is defined as the place where key management and commercial decisions necessary for the conduct of the entity's business as a whole are, in substance, made. The change replaces the prior requirement that control and management be wholly situated in India for the entire year and aims to align domestic rules with DTAA and OECD principles; guiding principles for POEM determination will be issued. Discussion-Forum Income Tax Sat, 28 Feb 2015 20:26:47 +0530 https://www.taxtmi.com/forum/issue?id=108125