How to determine the residential status of a company?

Raju Choudhary

Administrator
Staff member
#1
How to determine the residential status of a company?
With effect from Assessment Year 2016-17, a company is said to be resident in India in any previous year, if:
  • (i) it is an Indian company; or
  • (ii) its place of effective management, in that year, is in India.
For this purpose, the “place of effective management” means a place where key management and commercial decisions that are necessary for the conduct of the business of an entity as a whole are, in substance made.

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