Arm's Length Price Considered Valid if Variation is Within 1% for Wholesale, 3% for Others u/s 92C.

Arm's Length Price Considered Valid if Variation is Within 1% for Wholesale, 3% for Others u/s 92C. https://www.taxtmi.com/highlights?id=30364 TPA - where the variation between the arm’s length price determined u/s 92C and the price at which the international transaction or specified domestic transaction has actually been undertaken does not exceed 1% of the latter in respect of wholesale trading and 3% of the latter in all other cases, the price at which the international transaction or specified domestic transaction has actually been undertaken shall be deemed to be the arm’s length price for Assessment Year 2016-2017. en-us Tue, 19 Jul 2016 11:03:20 +0530 Tue, 19 Jul 2016 11:03:20 +0530 TaxTMI RSS Generator Arm's Length Price Considered Valid if Variation is Within 1% for Wholesale, 3% for Others u/s 92C. https://www.taxtmi.com/highlights?id=30364 TPA - where the variation between the arm’s length price determined u/s 92C and the price at which the international transaction or specified domestic transaction has actually been undertaken does not exceed 1% of the latter in respect of wholesale trading and 3% of the latter in all other cases, the price at which the international transaction or specified domestic transaction has actually been undertaken shall be deemed to be the arm’s length price for Assessment Year 2016-2017. Highlights Income Tax Tue, 19 Jul 2016 11:03:20 +0530 https://www.taxtmi.com/highlights?id=30364