Final notification of the Income-tax (13th Amendment) Rules, 2021 – CBDTView Pdf
Final notification of the Income-tax (13th Amendment) Rules, 2021 – CBDT
- They shall come into force with effect from the 1st day of April, 2022.
- In the Income-tax Rules, 1962, after rule 11UC, the following rule shall be inserted, namely:-
- “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. ”.