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>Income Tax Act's Section 9 updated: Non-residents' digital transactions with Indian users now taxable. Effective from April 2022.</h1> The amendment to Section 9 of the Income-tax Act introduces changes regarding income deemed to accrue or arise in India. It redefines 'significant economic presence' to include non-residents' transactions or interactions with Indian users, affecting tax liabilities from April 2022. This includes digital transactions and systematic business activities, regardless of physical presence in India. New provisions also specify that income from targeted advertisements, data sales, and goods/services transactions involving Indian data are taxable from April 2021. Amendments clarify tax exemptions for foreign portfolio investments and redefine 'royalty' to include cinematographic film transactions, effective April 2021.
TaxTMI 
TaxTMI 
