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Excel for
Government of India PRESS RELEASE 21st May, 2015
Subject: - Draft scheme of the proposed rules for computation of Arm’s Length Price (ALP) of an International Transaction or Specified Domestic Transaction undertaken on or after 01.04.2014. 2. The use of multiple year data and “range” concept in transfer pricing regime is proposed to be incorporated through amendments to be made to Income-tax Rules, 1962. 3. In this regard draft outlines of the new regime to be incorporated in the rules has been formulated and has been uploaded on the Finance Ministry website ( www.finmin.nic.in ) and website of the Income-tax Department ( www.incometaxindia.gov.in ) for comments from stakeholders and general public. 4. The comments and suggestions on the draft regime may be submitted by 31st May, 2015 at the email address ( dirtpl1@nic.in ) or by post at the following address with “Comments on draft transfer pricing rules“ written on the envelope:
Director (Tax Policy & Legislation)-I
(Shefali Shah)
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