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Rule 10AB of Income Tax Rules 1962: other method of determination of arm's length price.

Rule 10AB - Other method of determination of arm's length price.

For the purposes of clause (f) of sub-section (1) of section 92C, the other method for determination of the arm's length price in relation to an international transaction or a specified domestic transaction shall be any method which takes into account the price which has been charged or paid, or would have been charged or paid, for the same or similar uncontrolled transaction, with or between non-associated enterprises, under similar circumstances, considering all the relevant facts.



Extra Notes for Readers:

- Rule 10AB was introduced by the Income Tax (Sixth Amendment) Rules, 2012, which shall come into force on the 1st day of April, 2012 and shall apply to Assessment year 2012-13 and subsequent years



Reference/Source: Check at Income Tax site for latest version of the Rules - link

This page was last updated on 17th October 2016.
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