https://www.taxtmi.com/acts?id=38650 Section 9 is amended to treat significant economic presence of a non-resident as a business connection in India, defined to include specified cross-border transactions and systematic user interactions; income attributable only to those transactions or activities is deemed to accrue in India. The amendments expressly include income from targeted advertising, sale of data from Indian users, and sale of goods or services using such data as attributable to operations in India, extend those rules to SEP transactions, adjust treatment of assets held via foreign portfolio investment structures to exempt Category I investors under the revised regulatory regime, and remove a prior exclusion for cinematographic film consideration. en-us Sat, 28 Mar 2020 10:02:47 +0530 Thu, 02 Apr 2020 16:44:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38650 Section 9 is amended to treat significant economic presence of a non-resident as a business connection in India, defined to include specified cross-border transactions and systematic user interactions; income attributable only to those transactions or activities is deemed to accrue in India. The amendments expressly include income from targeted advertising, sale of data from Indian users, and sale of goods or services using such data as attributable to operations in India, extend those rules to SEP transactions, adjust treatment of assets held via foreign portfolio investment structures to exempt Category I investors under the revised regulatory regime, and remove a prior exclusion for cinematographic film consideration. Act-Rules F. Acts / Amendment Acts Sat, 28 Mar 2020 10:02:47 +0530 https://www.taxtmi.com/acts?id=38650