Last week, CBDT clarified that foreign companies that have their place of effective management (POEM) in India will be taxed at 40%, plus applicable surcharge & cess and on other side, CBDT releases guidance on appropriate use of CbC Reports.
Our experts contributed articles on following topics for Taxsutra:
- Is the PoEM rhyming well for foreign companies becoming resident?- Rakesh Nangia, Managing Partner and Chirag Nangia, Director, Nangia & Co LLP
- CBDT releases guidance on appropriate use of CbC Reports- Rakesh Nangia, Managing Partner and Nitin Narang, Partner- Transfer pricing with inputs from Tarini Nijhara, Director and Priyanka Mittal, Nangia & Co LLP