TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Act 2018 amends Section 9 of Income-tax Act: Redefines 'business connection' for non-residents with digital presence.</h1> Section 9 of the Income-tax Act was amended by the Finance Act, 2018, effective April 1, 2019. The amendment modifies clause (i) of sub-section (1) to redefine what constitutes a 'business connection' in India for non-residents. It clarifies that a non-resident's significant economic presence, such as habitual contract conclusion or digital transactions exceeding prescribed thresholds, establishes a business connection. This includes contracts in the non-resident's name, property transfers, or service provisions. The amendment specifies that such connections are valid regardless of the non-resident's physical presence or contract location in India, attributing income based on these activities.
TaxTMI 
TaxTMI 
