TaxTMI 
TaxTMI 
Amendments in Rules 10A, rule 10AB, rule 10B, rule 10C, rule 10D, rule 10E and Substitution Of Form NO.3CEB - Income-tax Rules, 1962
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....ab) and before the clause as so renumbered, the following clauses shall be inserted, namely: - '(a) "associated enterprise" shall,- (i) have the same meaning as assigned to it in section 92A; and (ii) in relation to a specified domestic transaction entered into by an assessee, include --- (A) the persons referred to in clause (b) of sub-section (2) of section 40A in respect of a transaction referred to in clause (a) of sub-section (2) of the said section; (B) other units or undertakings or businesses of such assessee in respect of a transaction referred to in section 80A or, as the case may be, subsection (8) of section 80-IA; (C) any other person referred to in sub-section (10) of section 80-IA in respect of a transaction referred to therein; (D) other units, undertakings, enterprises or business of such assessee, or other person referred to in sub-section (10) of section 80-IA, as the case may be, in respect of a transaction referred to in section 10AA or the transactions referred to in Chapter VI-A to which the provisions of sub-section (8) or, as the case may be, the provisions of sub-section (10) of section 80-IA are applicable; (aa) "enterprise" shall have the sa....
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....d domestic transactions" shall be inserted; (c) in clause (f), after the words " the international transactions", the words "or the specified domestic transactions" shall be inserted; (d) in clause (g),− (I) after the words "comparability with the international transactions", the words "or the specified domestic transactions" shall be inserted; (II) after the words "pricing of the international transactions" occurring at the end, the words "or specified domestic transactions, as the case may be" shall be inserted; (e) in clauses (h) and (i),for the words "international transaction", the words "international transaction or specified domestic transaction" shall respectively be substituted; (iv) in sub-rule (2), for the words, brackets and figure "Nothing contained in subrule (1) shall", the words, brackets and figure "Nothing contained in sub-rule (1), in so far as it relates to an international transaction, shall" shall be substituted; (v) in sub-rule (3), in clause (e), after the words "international transactions", the words "or the specified domestic transactions, as the case may be" shall be inserted; (vi) in sub-rule(4), in the proviso, after the words "terms of th....
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.... of specified domestic transactions as per books of accounts * Code for nature of business to be filled in as per instructions for filling Form ITR 6 PART B (International Transactions) 10. List of associated enterprises with whom the ssessee has entered into international transactions, with the following details : (a) Name of the associated enterprise. (b) Nature of the relationship with the associated enterprise as referred to in section 92A(2). (c) Brief description of the business carried on by the associated Enterprise 11. Particulars in respect of transactions in tangible property. A. Has the assessee entered into any international transaction(s) in respect of purchase/sale of raw material, consumables or any other supplies for assembling or processing/manufacturing of goods or articles from/to associated enterprises? If 'yes', provide the following details in respect of each associated enterprise and each transaction or class of transaction : (a) Name and address of the associated enterprise with whom the international transaction has been entered into. (b) Description of transaction and quantity purchased/sold. (c) Total amount paid/received or payable/receiv....
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....ional transaction has been entered into. (b) Description of intangible property and nature of transaction. (c) Amount paid/received or payable/receivable for purchase/sale/transfer/lease/use of each category of intangible property-- (i) as per books of account; (ii) as computed by the assessee having regard to the arm's length price. (d) Method used for determining the arm's length price [See section 92C(1)] Yes/No 13. Particulars in respect of providing of services : Has the assessee entered into any international transaction(s) in respect of Services including transactions as specified in Explanation (i)(d) below section 92B(2)? If 'yes' provide the following details in respect of each associated enterprise and each category of service : (a) Name and address of the associated enterprise with whom the international transaction has been entered into. (b) Description of services provided/availed to/from the associated enterprise. (c) Amount paid/received or payable/receivable for the services provided/taken-- (i) as per books of account; (ii) as computed by the assessee having regard to the arm's length price. (d) Method used for determining the arm's length pri....
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....rticulars in respect of mutual agreement or arrangement : Has the assessee entered into any international transaction with an associated enterprise or enterprises by way of a mutual agreement or arrangement for the allocation or apportionment of, or any contribution to, any cost or expense incurred or to be incurred in connection with a benefit, service or facility provided or to be provided to any one or more of such enterprises? If 'yes' provide the following details in respect of each agreement/arrangement: (a) Name and address of the associated enterprise with whom the international transaction has been entered into. (b) Description of such mutual agreement or arrangement. (c) Amount paid/received or payable/receivable in each such transaction-- (i) as per books of account; (ii) as computed by the assessee having regard to the arm's length price. (d) Method used for determining the arm's length price [See section 92C(1)]. Yes/No 18. Particulars in respect of international transactions arising out/ being part of business restructuring or reorganizations: Has the assessee entered into any international transaction(s) arising out/being part of any business restructur....
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.... domestic transactions, with the following details: (a) Name, address and PAN of the associated enterprise. (b) Nature of the relationship with the associated enterprise (c) Brief description of the business carried on by the said associated enterprise. 22. Particulars in respect of transactions in the nature of any expenditure: Has the assessee entered into any specified domestic transaction (s) being any expenditure in respect of which payment has been made or is to be made to any person referred to in section 40A(2)(b)? If "yes", provide the following details in respect of each of such person and each transaction or class of transaction: (a) Name of person with whom the specified domestic transaction has been entered into. (b) Description of transaction along with quantitative details, if any (c) Total amount paid or payable in the transaction-- (i) as per books of account; (ii) as computed by the assessee having regard to the arm's length price. (d) Method used for determining the arm's length price [See section 92C(1)] Yes/No 23. Particulars in respect of transactions in the nature of transfer or acquisition of any goods or services: A. Has any undertaking or ....