https://www.taxtmi.com/news?id=17315 The Central Board of Direct Taxes issued final Place of Effective Management (POEM) guidelines effective from 1 April 2016 to determine company residential status, introducing an Active Business outside India (ABOI) test to exclude genuine foreign operating companies while targeting shell entities. Administrative safeguards require an Assessing Officer to obtain prior approval from the Principal Commissioner/Commissioner, and a Collegium of Principal Commissioners must approve findings that a non-resident company's POEM is in India; companies below a specified turnover threshold are excluded. en-us Tue, 24 Jan 2017 14:12:12 +0530 Tue, 24 Jan 2017 14:12:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17315 The Central Board of Direct Taxes issued final Place of Effective Management (POEM) guidelines effective from 1 April 2016 to determine company residential status, introducing an Active Business outside India (ABOI) test to exclude genuine foreign operating companies while targeting shell entities. Administrative safeguards require an Assessing Officer to obtain prior approval from the Principal Commissioner/Commissioner, and a Collegium of Principal Commissioners must approve findings that a non-resident company's POEM is in India; companies below a specified turnover threshold are excluded. News - Tue, 24 Jan 2017 14:12:12 +0530 https://www.taxtmi.com/news?id=17315