SECTION 92C OF THE INCOME-TAX ACT, 1961 - TRANSFER PRICING - COMPUTATION OF ARM’S LENGTH PRICE - NOTIFIED TOLERABLE LIMIT FOR DETERMINATION OF ALP - 30/2013 - Income Tax Act, 1961

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Arm's length price tolerances allow actual transaction price within notified limits to be treated as ALP for assessment purposes. Under the second proviso to sub-section (2) of section 92C, Notification No. 30/2013 prescribes tolerable variation thresholds so that where the variation between the arm's length price determined under section 92C and the actual price of an international transaction or specified domestic transaction falls within those margins for specified taxpayer categories, the actual transaction price shall be deemed to be the arm's length price for assessment year 2013-2014.

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Arm's length price tolerances allow actual transaction price within notified limits to be treated as ALP for assessment purposes.

Under the second proviso to sub-section (2) of section 92C, Notification No. 30/2013 prescribes tolerable variation thresholds so that where the variation between the arm's length price determined under section 92C and the actual price of an international transaction or specified domestic transaction falls within those margins for specified taxpayer categories, the actual transaction price shall be deemed to be the arm's length price for assessment year 2013-2014.

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SECTION 92C OF THE INCOME-TAX ACT, 1961 - TRANSFER PRICING - COMPUTATION OF ARM’S LENGTH PRICE - NOTIFIED TOLERABLE LIMIT FOR DETERMINATION OF ALP - 30/2013 - Income Tax Act, 1961

Arm's length price tolerances allow actual transaction price within notified limits to be treated as ALP for assessment purposes.

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SECTION 92C OF THE INCOME-TAX ACT, 1961 - TRANSFER PRICING - COMPUTATION OF ARM’S LENGTH PRICE - NOTIFIED TOLERABLE LIMIT FOR DETERMINATION OF ALP - 30/2013 - Income Tax Act, 1961

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Arm's length price tolerances allow actual transaction price within notified limits to be treated as ALP for assessment purposes.

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