The Central Board of Direct Taxes (CBDT) issued a detailed Guidance on MAP in August 2020 for the process to be followed by an Indian Competent Authority (CA) and field officers, and comprehensive guidance on issues related to MAP processes.
Recently, on 19 October 2020, the Government of India retained the tolerance range applicable for transfer pricing for fiscal year 2019-20 at 1% for wholesale trading and 3% for all other cases.
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