19/05/2021
Significant Economic Presence : A Paradigm Shift to Non Resident taxation in India
SEP of a NR in India will constitute a business connection in India & such income will be taxable in India on certain conditions.
Significant Economic Presence of a Non-Resident in India will constitute a business connection in India & will determine its taxability in India on basis of certain conditions - Threshold of Rs. 2 Crore & 3 Lacs , Equalisation Levy, DTAA, Tax treaty benefits.
