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of <h1>Amendment to Section 92C: Central Government to Set New Threshold for Arm's Length Price Variation in Transactions.</h1> Clause 12 of the Finance Bill, 2011 proposes an amendment to section 92C of the Income-tax Act, which addresses the computation of the arm's length price for international transactions. Currently, if the variation between the arm's length price and the actual transaction price does not exceed five percent, the transaction price is deemed the arm's length price. The amendment seeks to replace the fixed five percent threshold with a percentage to be determined by the Central Government. This change will be effective from April 1, 2012, applicable to the assessment year 2012-2013 and onwards.
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