The Central Board of Direct Taxes (CBDT) has issued a draft notification detailing the computation process for various parameters involved in arriving at the tax liability of a foreign company, in case the company qualifies to becomes a resident in India for the first time under the rules of Place of Effective Management (PoEM). Rakesh Nangia, Manging Partner shares his views on aforementioned story for following publications:
  1. The Hindu – Standalone story
  2. Hindu Business Line – Standalone story
  3. Financial Express- Standalone story
Rakesh Nangia - Nangia & Co LLP CBDT Seeks CBDT Issues Draft -Rakesh Nangia & Co LLP CBDT Draft Notice - Rakesh Nangia