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CBDT Defines 'Wholesale Trading'

Published on Tue, Oct 07,2014 | 16:02, Updated at Tue, Oct 07 at 16:02Source : Moneycontrol.com 

In a recent notification, the Central Board of Direct Taxes (CBDT) has defined the term "wholesale trading" while retaining the earlier tolerance band [1% for wholesale trading and 3% for others] for Financial Year (FY) 2013-14 for the range allowable for determination of  arm’s length price (ALP).  This is an important clarification removing the ambiguity around the term wholesale trading.

Attachments : CBDT Notification - Tolerance band.pdf
 
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