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Jun 4, 2020 · Safe Harbour Rules (SHR), introduced by the Central Board of Direct Taxes (CBDT) in the year 2009, provides for circumstances in which a certain category of taxpayers can follow a simple set of rules under which transfer prices are automatically accepted by the revenue authorities.
Apr 10, 2022 · benefits of safe harbor rules in india- to the taxpayers and revenue authorities: 1. Advance information or knowledge about the range of profits or prices to qualify for SHR.
However, the safe harbour programme received a tepid response from taxpayers in India, due to perceived high margins and ambiguity in the classification of services. The CBDT has now, vide a notification2 dated 7 June 2017, revised the existing safe harbour rules in India.
Background: The Central Board of Direct Taxes (CBDT) issued a gazette notification on 20 May 2020, to specify the safe harbour rates applicable for FY 2019-20, for determining arm’s length rates for certain specified international transactions.
Jul 30, 2023 · An overview of transfer pricing rules in India and who to contact for expert guidance.
Tax alert: Safe Harbour rules amended to streamline intra group financing arrangements with global standards. 21 December 2023 . Unveiling India's latest Safe Harbour amendments: Revised intra-group loan rules and new interest rate benchmarks. In a nutshell. Revised intra group Loan. Interest Rate Reform: Credit Rating Clarification: Definitions:
Safe harbours are defined to mean those circumstances in which the income-tax authorities shall accept the transfer price declared by the taxpayer.
Jun 17, 2022 · Safe Harbour rules for AY 2022 2023 | Income tax Act, 1961 | Notification No. 66/2022-Income-Tax | Dated: 17th June, 2022 | CBDT amends Rule 10TD of Income Tax Rules, 1962 and extended applicability of safe Harbour Rule 10TD(1) and Rule 10TD(2A) to AY 2022-23.
‘Safe harbour rules’ means circumstances in which the income tax authorities shall accept the transfer price declared by the taxpayer.
A “safe harbor” is defined in the Indian Income Tax Law (ITL) as circumstances under which the tax authorities will accept the transfer price declared by the taxpayer.
