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      Question

      What does P stand for in the term POEM

      ?
      A Person Correct Answer Incorrect Answer
      B Place Correct Answer Incorrect Answer
      C Point Correct Answer Incorrect Answer
      D Product Correct Answer Incorrect Answer
      E Plan Correct Answer Incorrect Answer

      Solution

      POEM is Place of effective management.

      The Finance Bill, 2015 introduced the concept “Place of Effective Management'' (POEM), which is a place where the key management and commercial decisions necessary for conducting a company’s business activities are made. It replaced the word “control and management”.

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