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of <h1>New Rule 11UD Sets Economic Presence Thresholds for Non-Residents in India Effective April 2022.</h1> The Income-tax (13th Amendment) Rules, 2021 introduces Rule 11UD, specifying thresholds for significant economic presence in India. Effective from April 1, 2022, the rule stipulates that for a non-resident entity, the aggregate payments from transactions involving goods, services, or property, including data or software downloads in India, must reach at least two crore rupees. Additionally, the number of users engaged in systematic and continuous business activities or interactions should be at least three lakhs. This amendment is enacted under the authority of the Central Board of Direct Taxes, as per the Income-tax Act, 1961.
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