Rule 11UD - Thresholds for the purposes of significant economic presence - Income-tax Rules, 1962

1 [ 11UD. Thresholds for the purposes of significant economic presence . - (1) For the purposes of clause (a) of Explanation 2A to clause (i) of sub-section (1) of section 9, the amount of aggregate of payments arising from transaction or transactions in respect of any goods, services or property carried out by a non-resident with any person in India, including provision of download of data or software in India during the previous year, shall be two crore rupees; (2) For the purposes of clause (b) of Explanation 2A to clause (i) of sub-section (1) of section 9, the number of users with whom systematic and continuous business activities are solicited or who are engaged in interaction shall be three lakhs. ] ************ NOTES:- 1. Inserted vide NOTIFICATION NO. 41/2021 dated 03-05-2021 w.e.f. 01-04-2022