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of <h1>Income Tax Amendment: Purchasing Goods for Export Won't Create 'Significant Economic Presence' Under Section 9(1)</h1> The Finance Act, 2025 amends section 9(1) of the Income-tax Act, effective from April 1, 2026. The amendment inserts a new proviso to Explanation 2A in clause (i), clarifying that transactions limited to purchasing goods in India solely for export purposes will not constitute 'significant economic presence' in India. Additionally, the amendment changes the wording in the second proviso from 'Provided further' to 'Provided also' to maintain proper sequential order of provisos.
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