CBDT has notified new Rule 10CB which prescribes computation of Interest pursuant to the Secondary Adjustment & the Time Limit for repatriation
The Finance Bill 2017 has brought the concept of Secondary Adjustment into Transfer Pricing kitty by proposing a new Section 92 CE, with effect from Assessment Year 2018-19.
Wef 1st Apr 2016, the provisions applicable to Income-Tax Rule 37BB read with Sec 195 is amended i.e. issuance of Form 15CB & CA. Following are the key points covered therein.The furnishing of information for payment to a non-resident, not being