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>Tax Amendment: Section 155(21) Requires Income Recomputation Based on Arm's Length Pricing for Two Consecutive Years After Assessment</h1> The amendment to section 155 of the Income-tax Act introduces sub-section (21), effective April 1, 2026, concerning arm's length pricing for international or specified domestic transactions. When a Transfer Pricing Officer determines such pricing and validates the assessee's option for two consecutive years following the assessment year, the Assessing Officer must recompute the assessee's total income for those two years. This recomputation must conform to the determined arm's length price and any directions under section 144C, completed within three months after the assessment or within three months after any delayed assessment order is made.
TaxTMI 
TaxTMI 
