Income-tax (13th Amendment) Rules, 2021 - New Rule 11UD. Thresholds for the purposes of significant economic presence. - 41/2021 - Income Tax

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Significant economic presence: monetary and user thresholds now determine taxable nexus for non-residents under income-tax rules. Rule 11UD fixes thresholds for significant economic presence: the aggregate of payments arising from transactions in respect of goods, services or property, including provision or download of data or software in India, shall be two crore rupees; and the number of users with whom systematic and continuous business activities are solicited or who are engaged in interaction shall be three lakhs.

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Significant economic presence: monetary and user thresholds now determine taxable nexus for non-residents under income-tax rules.

Rule 11UD fixes thresholds for significant economic presence: the aggregate of payments arising from transactions in respect of goods, services or property, including provision or download of data or software in India, shall be two crore rupees; and the number of users with whom systematic and continuous business activities are solicited or who are engaged in interaction shall be three lakhs.

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Income-tax (13th Amendment) Rules, 2021 - New Rule 11UD. Thresholds for the purposes of significant economic presence. - 41/2021 - Income Tax

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Significant economic presence: monetary and user thresholds now determine taxable nexus for non-residents under income-tax rules.

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