24 May 2015

Draft Circular on Range Concept

Draft norms for range concept in transfer pricing

The tax department on Friday came out with draft norms for introduction of a range concept for calculating an Arms Length Price for valuing transactions between related entities for the purpose of taxation. The Central Board of Direct Taxes has proposed to use multiple year data for determining the price. At present, only one year's data is used for calculating the price.

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ICAI hosted the draft MEF Panel for 2019-2020

ICAI hosted the draft MEF Panel for 2019-2020 . Pls login https://app.meficai.org/draftPanel and check ur firm status.  Dhiraj Khandelwal