The Central Board of Direct Taxes makes Income–tax (13thAmendment) Rules, 2021 to amend the Income-tax Rules, 1962. They shall come into force with effect from the 1stday of April, 2022.
In the Income–tax Rules, 1962, the Rule 11UD shall be inserted relating to “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. ”
