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Computation of Arm’s Length Price

Written By Admin on Sunday, 21 October 2012 | Sunday, October 21, 2012



In exercise of the powers conferred by the second proviso to Section 92C(2) of the Income tax Act, 1961, the Central Government has, through this notification, notified that the price at which the international transaction has actually been undertaken shall be deemed to be the arm's length price for Assessment Year 2012-13, where the variation between the arm's length price determined under Section 92C and the price at which the international transaction has actually been undertaken does not exceed 5% of the latter.


[Notification No. 31/2012, dated- 17-08-2012]

 
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