CBDT extends applicability of safe harbour provision

The Central Board of Direct Taxes (CBDT) vide notification dated 17 June, 2022 has extended the applicability of Rule 10TD (3B) of the Income-tax Rules, 1962, which deals with safe harbour, till Assessment Year 2022-23. Rule 10 TD prescribes a list of eligible international transactions where the transfer price declared by the assessee shall be required to be accepted by the Income-tax Authorities.

Now, following the amendment, the safe harbour provision can be availed until 2022-23.

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