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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Reducing the time provided for furnishing TP report - Now any ...


Deadline for Transfer Pricing Report Cut to 10 Days u/s 92D; Extension Possible Up to 30 Days.

February 3, 2023

Notes     Income Tax

Reducing the time provided for furnishing TP report - Now any information, documents required by AO for international transaction U/s 92D has to be furnished within 10 days instead of 30 days as earlier. Also, Assessee on an application to AO or the Commissioner (Appeals) may extend period of 10 days to further period of not exceeding 30 days.

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