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India Issues Rules on Repatriation of Excess Money for Secondary Transfer Pricing Adjustments

|Approved Changes|India
India

The Indian Central Board of Direct Taxes has issued Notification No. 52/2017, which sets out the repatriation time limit and interest rate rules in relation to secondary adjustments following a primary transfer pricing adjustment of a taxpayer's income that resulted in excess money in the hands of the associated enterprise. The rules apply to primary adjustments exceeding INR 10 million made in…

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