https://www.taxtmi.com/article/detailed?id=6141 Introduction of Place Of Effective Management (POEM) as the test for company residency means a company (including foreign incorporated entities) will be resident in India if its POEM is in India at any time during the year; POEM is where key management and commercial decisions for the entity as a whole are, in substance, made. Concurrently, the Budget lowers withholding on royalties and fees for technical services for non-residents (subject to PAN), expands TDS reporting on remittances to non-residents with penalties, treats interest paid by banking PEs to overseas head offices/branches as accruing in India requiring TDS by the PE, and introduces fund-manager and FII-specific tax clarifications and reliefs. en-us Wed, 04 Mar 2015 06:00:32 +0530 Wed, 04 Mar 2015 11:28:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6141 Introduction of Place Of Effective Management (POEM) as the test for company residency means a company (including foreign incorporated entities) will be resident in India if its POEM is in India at any time during the year; POEM is where key management and commercial decisions for the entity as a whole are, in substance, made. Concurrently, the Budget lowers withholding on royalties and fees for technical services for non-residents (subject to PAN), expands TDS reporting on remittances to non-residents with penalties, treats interest paid by banking PEs to overseas head offices/branches as accruing in India requiring TDS by the PE, and introduces fund-manager and FII-specific tax clarifications and reliefs. Articles Income Tax Wed, 04 Mar 2015 06:00:32 +0530 https://www.taxtmi.com/article/detailed?id=6141