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of <h1>Direct Taxes Code Bill, 2009: Arm's Length Price Rules for International Transactions to Prevent Tax Evasion.</h1> The Direct Taxes Code Bill, 2009, outlines the computation of the arm's length price for international transactions to prevent tax evasion. It mandates using the most appropriate method to determine this price, considering factors like transaction nature and enterprise functions. If only one price is determined, it is used; if multiple, the mean is taken. A transaction's price is deemed arm's length if it varies by no more than five percent from the determined price. Income recomputation for associated enterprises is not required, and deductions for enhanced income are disallowed. The process is subject to safe harbour rules.
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