Transfer pricing rules require arm's length pricing, documentation, and administrative measures to curb profit shifting and tax avoidance. Transfer pricing rules require transactions between related enterprises to be priced at an arm's length price, prescribe computation methods and definitions for associated enterprises, international transactions and specified domestic transactions, and impose documentation and reporting obligations. The framework includes procedural mechanisms such as transfer pricing officers, safe harbour rules, advance pricing agreements and secondary adjustments, and contains anti-avoidance provisions addressing transfers to non-residents, notified jurisdictions, and limits on interest deductions.