PLACE OF EFFECTIVE MANAGEMENT CLARIFICATORY CIRCULAR BY GOVERNMENT OF INDIA

27 January 2017

PLACE OF EFFECTIVE MANAGEMENT CLARIFICATORY CIRCULAR BY GOVERNMENT OF INDIA Circular No. 06 of 2017 / F. No. 142/11/2015-TPL / Government of India / Ministry of Finance / Department of Revenue / Central Board of Direct Taxes / Dated: 24th January, 2017 Section 6(3) of the Income-tax Act, 1961 (the Act), prior to its amendment by the Finance Act, 2015, provided that a company is said to be resident in India in any previous year, if it is an Indian company or if during that year, the control and m...

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FUTURE CURRENCY : DIGITALISED BITCOIN

16 January 2017

FUTURE CURRENCY : DIGITALISED BITCOIN Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros they’re produced by running computers using software. It is a crypto-currency. Bitcoin is designed around the idea of using cryptography to control the creation and transfer of money, rather than relying on central authorities. The first Bitcoin concept was published in 2009 by Satoshi Nakamoto. However, Satoshi left the...

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