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of <h1>New Section 44BBD: Presumptive Taxation for Non-Residents Boosts India's Electronics Manufacturing Hub Initiative.</h1> The Union Budget 2025-26 introduces a presumptive taxation regime for non-residents providing services or technology to electronics manufacturing facilities in India. This initiative aims to position India as a global hub for Electronics System Design and Manufacturing by supporting the development of semiconductors and display manufacturing. The new section 44BBD will deem 25% of the amounts received by non-residents as profits, resulting in an effective tax rate of less than 10% on gross receipts. This amendment is set to take effect from April 1, 2026, applicable to the assessment year 2026-27 and onwards.
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