CBDT notifies amendments in Income-tax Rules, 1962 to expand the scope of safe harbour rules

CBDT notifies amendments in Income-tax Rules, 1962 to expand the scope of safe harbour rules https://www.taxtmi.com/news?id=38644 CBDT has amended the Income-tax Rules to expand the safe harbour rules for transfer pricing by increasing the eligibility threshold and including lithium ion batteries for use in electric or hybrid electric vehicles within the definition of core auto components; these amendments are applied for two specified assessment years to provide tax certainty for assessees opting for the safe harbour mechanism. en-us Wed, 26 Mar 2025 13:28:02 +0530 Wed, 26 Mar 2025 17:11:00 +0530 TaxTMI RSS Generator CBDT notifies amendments in Income-tax Rules, 1962 to expand the scope of safe harbour rules https://www.taxtmi.com/news?id=38644 CBDT has amended the Income-tax Rules to expand the safe harbour rules for transfer pricing by increasing the eligibility threshold and including lithium ion batteries for use in electric or hybrid electric vehicles within the definition of core auto components; these amendments are applied for two specified assessment years to provide tax certainty for assessees opting for the safe harbour mechanism. News - Wed, 26 Mar 2025 13:28:02 +0530 https://www.taxtmi.com/news?id=38644