CBDT Notifies Revised Safe Harbour Rules
12 June 2017
The Indian Government has recently notified revisions to the Safe Harbour Rules, which fall within the purview of the Indian Transfer Pricing Regulations. Safe Harbours represent a scheme whereby taxpayers can adopt the rates prescribed and the same are considered to be at arm’s length by tax authorities. The relaxation in the rates prescribed and increase in the scope of eligible transactions is likely to elicit a positive response from taxpayers.
We, at BDO, have summarized the notification. We hope you find it useful.