Document furnishing deadline under transfer pricing rules reduced, requiring faster compliance with limited extension available. Amendment to section 92D shortens the mandatory compliance period for furnishing prescribed transfer pricing information and documents in response to a notice from thirty days to a period of ten days, while preserving an application-based extension allowing a further period not exceeding thirty days; this applies to persons with international or specified domestic transactions and is effective 1 April, 2023.
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Provisions expressly mentioned in the judgment/order text.
Document furnishing deadline under transfer pricing rules reduced, requiring faster compliance with limited extension available.
Amendment to section 92D shortens the mandatory compliance period for furnishing prescribed transfer pricing information and documents in response to a notice from thirty days to a period of ten days, while preserving an application-based extension allowing a further period not exceeding thirty days; this applies to persons with international or specified domestic transactions and is effective 1 April, 2023.
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