Mauritius-based PEs on taxman's radar, at least 7 get notices

If the income tax (I-T) department has good reasons to believe that a fund's 'place of effective management' (or POEM in tax parlance) is somewhere else-where the key decision makers are located -and not Mauritius, many funds could find themselves exposed to large tax demands.

from Banking/Finance-Industry-Economic Times https://ift.tt/3G2HMpN