CBDT notifies tolerance limit under transfer pricing for Assessment Year 2021-22

The Central Board of Direct Taxes (CBDT) has notified that the tolerance limit of 1 per cent for wholesale trading and 3 per cent in all other cases for ALP determination during the Assessment Year 2021-22. “Wholesale trading” means an international transaction or specified domestic transaction of trading in goods, which fulfils certain conditions.The Central Board of Direct Taxes (CBDT) has notified that the tolerance limit of 1 per cent for wholesale trading and 3 per cent in all other cases for ALP determination during the Assessment Year 2021-22. “Wholesale trading” means an international transaction or specified domestic transaction of trading in goods, which fulfils certain conditions.taxmann.com Latest Statutory HappeningsRead More

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