Draft Scheme of the Proposed Rules for Computation of Arm Length Price (ALP) of an International Transaction or Specified Domestic Transaction Uploaded on Finance Ministry’s Website for Comments and Suggestions by 31st May, 2015

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..... Draft Scheme of the Proposed Rules for Computation of Arm Length Price (ALP) of an International Transaction or Specified Domestic Transaction Uploaded on Finance Ministry’s Website for Comments and S .....

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..... uggestions by 31st May, 2015
News and Press Release
Dated:- 22-5-2015

The Finance (No. 2) Act, 2014 had amended the provision of Income-tax Act relating to transfer pricing regime. The p .....

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..... urpose of amendment of section 92C (2) of the Act was to facilitate introduction of "range" concept for determination of Arm's Length Price of an international transaction or a specified domestic tran .....

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..... saction. Further, use of multiple year data for comparability analysis for the purpose of transfer pricing was also to be incorporated. The use of multiple year data and "range" concept in transfer p .....

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..... ricing regime is proposed to be incorporated through amendments to be made to Income-tax Rules, 1962. In this regard draft outlines of the new regime to be incorporated in the rules has been formulat .....

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..... ed and has been uploaded on the Finance Ministry website (www.finmin.nic.in ) and website of the Income-tax Department (www.incometaxindia.gov.in) for comments from stakeholders and general public. T .....

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..... he comments and suggestions on the draft regime may be submitted by 31st May, 2015 at the email address ([email protected]) or by post at the following address with "Comments on draft transfer pricing ru .....

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..... les" written on the envelope:
News - Press release - PIB .....

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