Significant Economic presence Test – India Update

By Mit Gaglani – Sr. Manager – TransPrice The CBDT vide notification number 41 /2021/ F. No. 370142/11/2018-TPL issued on 3rd May, 2021 has announced the thresholds for the purposes of Significant Economic Presence (“SEP”) by inserting Rule 11UD in the Income-tax Rules, 1962. The revenue threshold is INR 2 crore and the user threshold …