How to determine the residential status of a company?

Discussion in 'Income Tax' started by Raju Choudhary, Nov 28, 2015.

  1. Raju Choudhary

    Raju Choudhary Active Member Staff Member

    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.

    If you have any other Suggestion or you have any query regarding residential status of a company, Then Reply from below box
     
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