TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2014 Amends Section 92CC: Advance Pricing Agreements Now Cover Four Previous Years for Arm's Length Prices</h1> Clause 32 of the Finance (No. 2) Bill, 2014, amends section 92CC of the Income-tax Act concerning advance pricing agreements. The amendment introduces sub-section (9A), effective October 1, 2014, allowing agreements to determine the arm's length price for international transactions up to four previous years before the agreement's applicable year. The Board, with Central Government approval, can enter into these agreements, valid for up to five years, specifying the method for determining arm's length prices. The amendment ensures that arm's length prices for past transactions are determined according to the agreement's terms.
TaxTMI 
TaxTMI 
