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<h1>India Sets Transfer Pricing Tolerance Limits for 2013-2014: 1% for Wholesale, 3% for Others u/s 92C.</h1> The Government of India, through the Ministry of Finance's Department of Revenue, issued Notification No. 30/2013 under Section 92C of the Income Tax Act, 1961, regarding transfer pricing. For the assessment year 2013-2014, if the difference between the arm's length price (ALP) and the actual price of an international or specified domestic transaction does not exceed one percent for wholesale traders and three percent for others, the actual transaction price will be considered the ALP. This notification establishes the tolerable limits for determining the ALP in such transactions.