What is the monetary limit of turnover or gross receipt for the purpose of applying Principles for Determination of Place of Effective Management (POEM) provisions?

CS Executive · Tax Laws · PYQS · June 2023
What is the monetary limit of turnover or gross receipt for the purpose of applying Principles for Determination of Place of Effective Management (POEM) provisions?
(A) ₹10 crore
(B) ₹25 crore
(C) ₹50 crore
(D) ₹100 crore

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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