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<h1>Income-tax Rules 12th Amendment 2017: New Definitions, Intra-group Services, Safe Harbor Options for 2017-2020.</h1> The Income-tax (12th Amendment) Rules, 2017, effective from April 1, 2017, introduce changes to the Income-tax Rules, 1962. Key amendments include redefining 'accountant' to include those recognized for cost certification by foreign governments, and detailing 'employee cost' to encompass various salary components and expenses. It also introduces 'low value-adding intra-group services' and specifies conditions for international transactions, including profit margins and interest rates for intra-group loans. The rules provide criteria for safe harbor options for assessment years 2017-18 and the following two years, with provisions for choosing the most beneficial option.