CBDT: Final notification maintains 40% tax-rate for POEM hit foreign co., clarifies WDV, b/f losses treatment

Jun 27,2018

CBDT issues final notification u/s. 115JH specifying tax consequences in respect of foreign company treated as resident in India on account of its place of effective management (POEM) being in India; The final notification maintains 40% tax-rate in case of foreign company post POEM application; Likewise, while final notification also allows foreign tax credit (‘FTC’) relief u/s. 90/91, it additionally clarifies on FTC allowability where income o...


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