Draft Guiding Principles for determination of Place of Effective Management (POEM) of a Company

F. No. 142/11/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated: 23rd December, 2015 Subject: – Draft Guiding Principles for determination of Place of Effective   Management (POEM) of a Company. Section 6(3) of the Income-tax Act, 1961, prior to  its amendment by the Finance Act, 2015, provided that…

Applicability of Minimum Alternate Tax (MAT) on foreign companies

Instruction Ito. 1E1 /Z015 F. No.153 /12/2015-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) (TPL Division) *** New Delhi, the 23rd December, 2015 Subject: Applicability of Minimum Alternate Tax (MAT) on foreign companies for the period prior to 1.04.2015-reg On the issue of applicability of Minimum Alternate Tax…