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of <h1>Amendment to Section 92C clarifies arm's length price calculation for international transactions; introduces 5% tolerance threshold.</h1> Clause 40 of the Finance (No. 2) Bill, 2009 proposes amendments to section 92C of the Income-tax Act concerning the computation of arm's length price for international transactions. The amendment specifies that when multiple prices are determined by the most appropriate method, the arm's length price will be the arithmetical mean of these prices. Additionally, if the difference between this mean and the actual transaction price does not exceed five percent, the transaction price will be considered the arm's length price. These changes are effective from October 1, 2009.
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