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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114<\/a>[TO BE PUBLSIHED IN THE GAZETTE OF GOVERNMENT OF INDIA<\/strong> <\/span><\/p>\n MINISTRY OF FINANCE<\/strong> <\/span><\/p>\n DEPARTMENT OF REVENUE<\/strong> <\/span><\/p>\n [CENTRAL BOARD OF DIRECT TAXES]<\/strong> <\/span><\/p>\n Notification<\/strong> <\/span><\/p>\n New Delhi, the 4th<\/sup>February, INCOME \u2013 TAX<\/strong><\/span><\/p>\n <\/span><\/p>\n S.O.350 (E)In exercise of the powers <\/span><\/p>\n 1. <\/span><\/p>\n (2) <\/span><\/p>\n 2. <\/span><\/p>\n (A) <\/span><\/p>\n (1) <\/span><\/p>\n (a) <\/span>after \u201c(2A) Nothing contained in sub-rule (1), in so far as it <\/span><\/p>\n (i) <\/span>a (ii) <\/span><\/p>\n <\/span><\/p>\n (iii) <\/p>\n (iv) a (v) a (vi) the (vii) any <\/p>\n (b)in sub-rule (3), <\/p>\n (c) in sub-rule (4) and in the proviso to sub-rule <\/p>\n (d)in sub-rule (5), for the words, <\/p>\n <\/p>\n (2) after rule <\/p>\n (3) <\/p>\n \u2018\u201cSafe Harbour Rules for Specified Domestic Download Complete Rule<\/a><\/p>\n <\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" [TO BE PUBLSIHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] Notification New Delhi, the 4thFebruary, 2015 INCOME \u2013 TAX S.O.350 (E)In exercise of the powers conferred by sections 92CB and 92D read with section 295 of the Income-tax … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[60],"class_list":["post-1455","post","type-post","status-publish","format-standard","hentry","category-income-tax","tag-rule"],"yoast_head":"\n
\nINDIA EXTRAORDINARY, PART <\/span>II,SECTION 3, SUB-SECTION (ii)]<\/span> <\/span><\/p>\n
\n2015<\/span> <\/span><\/p>\n
\nconferred by sections 92CB and 92D read with section 295 of the Income-tax Act,
\n1961(43 of 1961), the Central Board of Direct Taxes hereby makes the following
\nrules further to amend the Income-tax Rules, 1962, namely:-<\/span><\/p>\n
\n<\/span><\/span>(1) These rules may be called the Income-tax
\n(2 nd Amendment), Rules, 2015. <\/p>\n
\n<\/span>They shall come into force from the date of
\ntheir publication in the Official Gazette. <\/p>\n
\n<\/span>In
\nthe Income-tax Rules, 1962, — <\/span><\/p>\n
\n<\/span>in
\nPart-II, in sub-part D relating to special cases,– <\/span><\/p>\n
\n<\/span>in
\nrule 10 D,– <\/span><\/p>\n
\nsub-rule (2), the following sub-rule shall be inserted, namely:- <\/span><\/p>\n
\nrelates to an eligible specified domestic transaction referred to in rule 10
\nTHB , shall apply in a case of an eligible assessee referred to in rule 10 THA
\nand, the said eligible assessee, shall keep and maintain the following
\ninformation and documents, namely:- <\/p>\n
\ndescription of the ownership structure of the assessee enterprise with details
\nof shares or other ownership interest held therein by other enterprises; <\/span><\/p>\n
\n<\/span><\/span>a
\nbroad description of the business of the assessee and the industry in which the
\nassessee operates, and of the business of the associated enterprises with whom
\nthe <\/span>assessee has transacted;<\/p>\n
\nthe nature and terms (including prices) of specified domestic transactions
\nentered into with each associated <\/span>enterprise
\nand the quantum and the value of each such transaction or class of such
\ntransaction;<\/span><\/p>\n<\/div>\n
\nrecord of proceedings if any before the regulatory commission and orders of
\nsuch commission relating to the specified domestic transaction; <\/p>\n
\nrecord of the actual working carried out for determining the transfer price of
\nthe specified domestic transaction; <\/p>\n
\nassumptions, policies and price negotiations, if any, which have critically
\naffected the determination of the transfer price; <\/p>\n
\nother information, data or document, including information or data relating to
\nthe associated enterprise, which may be relevant for determination of the
\ntransfer price.\u201d; <\/p>\n
\nfor the word, brackets and figure \u201csub-rule (1)
\n\u201d, the word, brackets, figures and letter \u201csub-rules (1) and (2A)\u201d shall be
\nsubstituted;<\/p>\n
\n(4), for the words, brackets and figures \u201csub-rules (1) and (2)\u201d,wherever they
\noccur, the words , brackets, figures and letter \u201csub-rules (1), (2) and (2A)\u201d
\nshall be substituted;<\/p>\n
\nbrackets and figures \u201csub-rules (1)
\nand (2)\u201d, the words, brackets, figures and letter \u201csub-rules (1), (2) and (2A)\u201d
\nshall be substituted; <\/p>\n
\n10 T, in the heading, for the words \u201cSafe Harbour Rules\u201d, the words \u201c Safe
\nHarbour Rules for International Transactions\u201d shall be substituted; <\/p>\n
\nafter
\nrule 10TG, the following rules shall be inserted, namely:- <\/p>\n
\nTransactions\u201d<\/strong><\/p>\n