Abstract
This paper examines the awareness and effectiveness of the new amendment in the IT Act, Place of Effective Management (PoEM). The main objective of this amendment is to bring all those companies that were incorporated outside India but operated from India to evade tax. This article examines the data collected with correlation and ANOVA tests. With the results, we could infer that the respondents were aware of the new amendment and the respondents expect the amendment to be effective. The article concludes by showing that this amendment will bring the necessary changes in determining the residential status of a company.
Keywords: New amendment, Awareness, PoEM, Income-tax Act, residential status of companies.
References
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