Tolerance range of Arm’s length price under income tax rules 1962.

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Tolerance range of Arm’s length price under income tax rules 1962.

 

 

CBDT has issued Notification No. 70/2022 dated 28th June 2022 relating to the tolerance range of Arm’s length price under income tax rules 1962.

The notification provides for a tolerance range of 1% (one percent) for wholesale trading and 3% (three per cent) in all other cases for the assessment year 2022-2023.

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