https://www.taxtmi.com/acts?id=32006 The amendment replaces the explanatory clause on agent-linked business connection to specify that an agent who habitually exercises authority to conclude contracts, habitually concludes contracts, or plays the principal role leading to contract conclusion for a non-resident creates a business connection when contracts are in the non-resident's name, transfer or grant rights in the non-resident's property, or provide services. It also adds that significant economic presence constitutes business connection, defined by prescribed-threshold transactions (including data or software downloads) or systematic digital soliciting or user interactions, and that only income attributable to those activities is deemed to accrue in India. en-us Mon, 19 Mar 2018 14:31:33 +0530 Mon, 19 Mar 2018 14:31:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32006 The amendment replaces the explanatory clause on agent-linked business connection to specify that an agent who habitually exercises authority to conclude contracts, habitually concludes contracts, or plays the principal role leading to contract conclusion for a non-resident creates a business connection when contracts are in the non-resident's name, transfer or grant rights in the non-resident's property, or provide services. It also adds that significant economic presence constitutes business connection, defined by prescribed-threshold transactions (including data or software downloads) or systematic digital soliciting or user interactions, and that only income attributable to those activities is deemed to accrue in India. Act-Rules F. Acts / Amendment Acts Mon, 19 Mar 2018 14:31:33 +0530 https://www.taxtmi.com/acts?id=32006