CBDT prescribed threshold for Significant Economic Presence (SEP)

Notification No. 41/2021-Income-Tax dated May 3, 2021

New Rule 11UD inserted w.e.f. April 1, 2022 to prescribe the threshold for purpose of ‘Significant Economic Presence’ in India –

a) 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 – the amount of aggregate of payments shall be INR 2 crores.

b) The number of users in India with whom systematic and continuous business activities are solicited or who are engaged in interaction – the number of users shall be 3 lacs.

Disclaimer – The information/content on this page is for general information and educational purpose only. Nothing shall be construed as any legal advice or practice of law. We are not responsible for any action taken by the user based upon any information given in this document.

0 - 0

Thank You For Your Vote!

Sorry You have Already Voted!



Leave a Reply