Author name: Pioneer One

Section 115A provides the tax rates applicable on interest, dividends, royalty and fees for technical services in the case of Non-resident/foreign companies.

Companies opting to pay income tax as per section 115BAA can take advantage of the concessional tax rates.

Domestic company who is opting for section 115BAA is required to file form 10-IC on or before the due date to file ITR as per section 139 (1)

Companies opting to pay income tax as per section 115BAB can take advantage of the concessional tax rates.

A Firm/AOP/BOI/Local authorities or AJP is said to be a resident in India if the Control and Management of its affairs are wholly or partly situated within India during the relevant previous year.

A newly incorporated domestic company in the manufacturing sector who is opting for section 115BAB is required to file form 10-ID on or before the due date to file ITR as per section 139 (1)

POEM is a place where the key management and commercial decisions which are necessary to conduct the business are made.

POEM is a place where the key management and commercial decisions which are necessary to conduct the business are undertaken.