Business connection defined to include agents and stock maintenance, triggering income attribution to India for operations performed there. Amendment adds Explanation 2 and Explanation 3 to section 9(1)(i): Explanation 2 defines business connection to include persons who habitually conclude ... Summary
Business connection defined to include agents and stock maintenance, triggering income attribution to India for operations performed there.
Amendment adds Explanation 2 and Explanation 3 to section 9(1)(i): Explanation 2 defines business connection to include persons who habitually conclude contracts, maintain stock for delivery, or secure orders in India for a non-resident, with provisos excluding independent agents but treating agents working mainly for a principal non-resident as dependent; Explanation 3 states that only income attributable to operations carried out in India shall be deemed to accrue or arise in India.
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