<h1>Finance Ministry Drafts New Rules on Arm's Length Price Calculation Using Range Concept and Multi-Year Data Analysis.</h1> The Finance Ministry has released a draft scheme for calculating the Arm's Length Price (ALP) of international and specified domestic transactions, following amendments to the Income-tax Act under the Finance (No. 2) Act, 2014. The proposed changes include the introduction of a range concept and the use of multiple-year data for transfer pricing analysis. The draft rules are available for public comment on the Finance Ministry and Income-tax Department websites, with submissions due by May 31, 2015. Stakeholders can provide feedback via email or post, as outlined in the announcement.