As per section 6(3) of the Act, a company is said to be resident in India (resident company) in any previous year if :

CS Executive · Tax Laws and Practice · PYQS · June 2021
As per section 6(3) of the Act, a company is said to be resident in India (resident company) in any previous year if :
(A) It is an Indian Company
(B) Its place of effective management (POEM), in that year, is in India
(C) Either it is an Indian company or the POEM is in India
(D) It is both an Indian company and the POEM is in India

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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