Central Board of Direct Taxes (CBDT) vide Circular No. 8 of 2017 dated 23rd February, 2017 has clarified that the Place of Effective Management (POEM) provision shall not apply to a company having turnover or gross receipts in a financial year of …………
A. ₹ 30 crore or less
B. ₹ 10 crore or less
C. ₹ 50 crore or less
D. ₹ 5 crore or less
Answer:C
Central Board of Direct Taxes (CBDT) vide Circular No. 8 of 2017 dated 23rd February, 2017 has clarified that the Place of Effective Management (POEM) provision shall not apply to a company having turnover or gross receipts in a financial year of …………
A. ₹ 30 crore or less B. ₹ 10 crore or less C. ₹ 50 crore or less D. ₹ 5 crore or less