India Extends Transfer Pricing Safe Harbor Rules to Assessment Year 2023-24

India's Central Board of Direct Taxes recently issued Notification No. 58/2023, which contains the Income Tax (Fifteenth Amendment) Rules 2023. The amendment rules extend the transfer pricing safe harbor rules contained in Rule 10TD of the Income Tax Rules 1962. Previously extended for the assessment year 2022-23 (financial year 2021-22), the amendment rules provide that the safe harbor rules…
Continue Reading