Fwd: ICAI - Guidance Note on Report under Section 92E of the Income Tax Act, 1961.

[Jeet Shah]

Pranam,

 

ICAI has issued the Guidance Note on Report under Section 92E of the Income Tax Act, 1961. Revised 5^th edition November 2016.

This Guidance Note was last revised in August 2013, when Part C was inserted in Form No. 3CEB to report specified domestic transactions under section 92BA. Since then there have been various developments in law; for example – notification of safe harbour rules in respect of arm’s length price under section 92C or section 92CA; notification of provisions/rules for roll back mechanism; range concept and use of multiple year data for determination of arm’s length price; increased threshold limit for the applicability of the specified domestic transaction, etc.

This revised version of the Guidance Note contains all these important changes.

 

Click here to read the complete Guidance note.

 

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Yours Sincerely,
Jeet R.Shah
       M.Com , CFP , Ph.D
Partner - Veer Consultancy Services
F-6 , Second Floor , 

Jawan Nagar CHS ,

Adjacent to Indraprastha Shopping Centre

Borivali - West , Mumbai - 400092
cell - 9867 23 9899
www.veerconsultancy.com






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