https://www.taxtmi.com/circulars?id=55714 The provision in clause (ii) of sub section (3) of section 6 of the Income tax Act, operative from assessment year 2017 18, shall not apply to a company (other than an Indian company) that has turnover or gross receipts of fifty crores or less in a financial year, thereby exempting lower turnover foreign companies from the POEM based residential status test. en-us Thu, 23 Feb 2017 00:00:00 +0530 Fri, 24 Feb 2017 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55714 The provision in clause (ii) of sub section (3) of section 6 of the Income tax Act, operative from assessment year 2017 18, shall not apply to a company (other than an Indian company) that has turnover or gross receipts of fifty crores or less in a financial year, thereby exempting lower turnover foreign companies from the POEM based residential status test. Circulars Income Tax Thu, 23 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55714