Webb15 mars 2024 · 10CA. (1) Where in respect of an international transaction or a specified domestic transaction, the application of the most appropriate method referred to in sub-section (1) of section 92C results in determination of more than one price, then the arm’s length price in respect of such international transaction or specified domestic … WebbSECTION 92C OF THE INCOME-TAX ACT, 1961 - TRANSFER PRICING - COMPUTATION OF ARM’S LENGTH PRICE - NOTIFIED TOLERANCE LIMIT UNDER THIRD PROVISO TO SUB-SECTION (2) OF SAID SECTION FOR ASSESSMENT YEAR 2024-20 NOTIFICATION S.O. 2928 (E) [NO. 70/2024/F. NO. 500/1/2014-APA-II], DATED 28-6-2024
SECTION 92C OF THE INCOME-TAX ACT, 1961 - TRANSFER …
Webb73416studentjournal-apr2024 - Read online for free. ... The Chartered Accountant Student April 2024 01. CONTENTS Board of Studies (Academic) (2024-24) INSIDE Chairman 03 President’s Communication CA. Vishal Doshi 04 Vice-President’s Communication Vice Chairman CA. Dayaniwas Sharma 05 Chairman’s Communication Members CA. Aniket … WebbThe net profit margin declared by the assessee is 5.02 per cent and, therefore, as per the proviso to Sec. 92C(2), the assessee is fully justified to claim that since the difference between the net profit margin declared by him and the arm’s length price determined by the TPO is less than five per cent., no addition is justified. - A. CIT Vs. int to string in sql
Transfer Pricing Laws on Capitaline Transfer Pricing Online …
Webb27 okt. 2024 · Section 271 (1) (c) inter alia provides that the AO or CIT (A) may levy a penalty where the taxpayer has concealed the particulars of his income or has furnished inaccurate particulars of his income. Explanation 7 to s 271 provides that where transfer pricing addition is made under s 92C (4), the amount so added or disallowed shall be … Webb4 jan. 2024 · 04 January 2024 can any one please explain Section - 92C(2) proviso 3 of income tax act . Amol S Joglekar. Amol S Joglekar (Expert) Follow. 04 January 2024 On or after 01/04/2014, instead of calculating ARITHMETICAL mean as is given in first proviso to section 92C(2), the method as prescribed by Central Govt shall be used. ..... WebbSection 92C (1) The arm’s length price in relation to an international transaction or specified domestic transaction shall be determined by any of the following methods, being the most appropriate method, having regard to the nature of transaction or class of … int to string java method