9911796707
TMI BlogAmendment of section 9.X X X X Extracts X X X X X X X X Extracts X X X X ..... nclude contracts on behalf of the non-resident or habitually concludes contracts or habitually plays the principal role leading to conclusion of contracts by that non-resident and the contracts are (i) in the name of the non-resident; or (ii) for the transfer of the ownership of, or for the granting of the right to use, property owned by that non-resident or that non-resident has the right to use; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r of users as may be prescribed, in India through digital means: Provided that the transactions or activities shall constitute significant economic presence in India, whether or not the non-resident has a residence or place of business in India or renders services in India: Provided further that only so much of income as is attributable to the transactions or activities referred to in clause (a) o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ders in India, mainly or wholly for the non-resident or for that non-resident and other non-residents controlling, controlled by, or subject to the same common control, as that non-resident. The proviso to the said Explanation provides that such business connection shall not include any business activity specified therein. It is proposed to substitute clause ( a ) of the said Explanation 2 so as t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... significant economic presence of a non-resident in India shall constitute business connection of the non-resident in India and the significant economic presence for this purpose, shall mean- ( a ) any transaction in respect of any goods, services or property carried out by a non-resident in India including provision of download of data or software in India, if the aggregate of payments arising fr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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