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) provisions shall not apply to a company having turnover or gross rece
CS Executive · Tax Laws · PYQS · December 2019
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) provisions shall not apply to a company having turnover or gross receipts in a financial year of __________ .
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C). Official source note: 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) provisions 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 66
Topics: Income Tax Act, 1961
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