https://www.taxtmi.com/article/detailed?id=11368 Income of a non-resident is deemed to accrue or arise in India where it has a nexus with India: specified receipts (interest, royalty, fees for technical services) are taxable irrespective of residence; a business connection arises from authority to conclude contracts, habitual stock maintenance or order-taking, with exclusions for independent agents; significant economic presence (monetary transactions threshold or user interaction threshold) also creates a business connection and only income attributable to those transactions is taxable. Shares of offshore entities may be deemed situated in India if Indian assets exceed the monetary and percentage thresholds. en-us Sat, 29 Apr 2023 10:28:09 +0530 Wed, 11 Feb 2026 15:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11368 Income of a non-resident is deemed to accrue or arise in India where it has a nexus with India: specified receipts (interest, royalty, fees for technical services) are taxable irrespective of residence; a business connection arises from authority to conclude contracts, habitual stock maintenance or order-taking, with exclusions for independent agents; significant economic presence (monetary transactions threshold or user interaction threshold) also creates a business connection and only income attributable to those transactions is taxable. Shares of offshore entities may be deemed situated in India if Indian assets exceed the monetary and percentage thresholds. Articles Income Tax Sat, 29 Apr 2023 10:28:09 +0530 https://www.taxtmi.com/article/detailed?id=11368