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of <h1>Government deems actual transaction price as arm's length if 1%/3% variance under provisos to section 92C and rule 10CA</h1> The government notifies that for assessment year 2025-26, where the difference between the arm's length price determined under section 92C and the actual transaction price does not exceed 1% for wholesale trading and 3% for other cases, the actual transaction price will be deemed the arm's length price. 'Wholesale trading' is defined as trading in goods where purchase cost of finished goods is 80% or more of total trading cost and average monthly closing inventory is 10% or less of sales. The measure is issued under the provisos to section 92C and rule 10CA.
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