RULE 89 INCOME-TAX RULES 2026 RULE 89 INCOME-TAX RULES 2026 Safe harbour for eligible international transactions. 89. (1) The transfer price de-clared by an eligible assessee in respect of an eligible international transaction for a tax year shall be accepted by the income-tax authorities, if— (a) the option exercised by the said assessee is not held… Read More »
RULE 88 INCOME-TAX RULES 2026 Eligible international transactions for safe harbour. 88. An “eligible international transaction” means an international transaction between the eligible assessee and its associated enterprise, one of which is necessarily a non-resident, and which comprises of— (a) provision of information technology services consisting of any one or more of the following:— (i) provision… Read More »
RULE 87 INCOME-TAX RULES 2026 RULE 87 INCOME-TAX RULES 2026 Eligible assessee for safe harbour rules for international transactions. 87. (1) Subject to the provisions of sub-rules (2) and (3), the “eligible assessee” means a person who has exercised a valid option for application of safe harbour rules in accordance with rule 90, and— (a) is… Read More »
RULE 86 INCOME-TAX RULES 2026 RULE 86 INCOME-TAX RULES 2026 Definitions for safe harbour rules for international transactions. 86. For the purposes of this rule and rules 87 to 93, — (a) “accountant”— (i) means an accountant referred to in section 515(3)(b), who fulfils the following conditions: — (A) if he is pursuing the profession of… Read More »
RULE 85 INCOME-TAX RULES 2026 Report from an accountant to be furnished under section 172. 85. (1) The report from an accountant, as defined in section 515(3)(b), required to be furnished under section 172 by every person who has entered into an international transaction or a specified domestic transaction during a tax year, shall be in… Read More »
RULE 84 INCOME-TAX RULES 2026 RULE 84 INCOME-TAX RULES 2026 Information and documents to be kept and maintained under section 171(1) . 84. (1) Every person who has entered into an international transaction or a specified domestic transaction, shall keep and maintain the following information and documents:— (a) a description of the ownership structure of the… Read More »
RULE 83 INCOME-TAX RULES 2026 RULE 83 INCOME-TAX RULES 2026 Time period for repatriation of excess money under section 170(2) and computation of interest income under section 170(4) pursuant to secondary adjustments. 83. (1) For the purposes of section 170(2)(b), the time limit for repatriation of excess money or part thereof in the circumstances mentioned in… Read More »
RULE 82 INCOME-TAX RULES 2026 RULE 82 INCOME-TAX RULES 2026 Exercise of option for determination of arm’s length price for multiple years in a single proceeding. 82. (1) The option or options as per section 166(9)(a) may be exercised by an assessee for determination of arm’s length price for multiple year in a single proceeding by… Read More »
RULE 81 INCOME-TAX RULES 2026 RULE 81 INCOME-TAX RULES 2026 Determination of arm’s length price in certain cases. 81. (1) Where in respect of an international transaction or a specified domestic transaction, the application of the most appropriate method referred to in section 165(3)(b) results in determination of more than one price, the arm’s length price… Read More »
RULE 80 INCOME-TAX RULES 2026 RULE 80 INCOME-TAX RULES 2026 Most appropriate method. 80. (1) For the purposes of section 165(2)(a), the most appropriate method shall be the method which is best suited to the facts and circumstances of each particular international transaction or specified domestic transaction and which provides the most reliable measure of an… Read More »