Section 92C of
the Income-tax Act, 1961 - Transfer Pricing - Computation of Arm’s Length Price
- Notified Tolerable Limit for Determination of ALP
Notification No. 30/2013, [F.NO.500/185/2011-FTD-I],
Dated 15-04-2013
In exercise of
the powers conferred by the second proviso to sub-section (2) of section 92C of
the Income Tax Act, 1961 (43 of 1961), the Central Government hereby notifies
that where the variation between the arm's length price determined under
section 92C and the price at which the international transaction or specified
domestic transaction has actually been undertaken does not exceed one per cent
of the latter for wholesale traders and three per cent of the latter in all
other cases, the price at which the international transaction or specified
domestic transaction has actually been undertaken shall be deemed to be the
arm's length price for assessment year 2013-14.
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