MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 18th July, 2017
INCOME-TAX
G.S.R. 891(E).—In exercise of the powers conferred by section 295 read with sub-section (2) of
section 92CB of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the
following rules further to amend the Income-tax Rules, 1962, namely:___
1.
(1)
These rules may be called the Income-tax (21st Amendment) Rules, 2017.
(2)
They shall come into force and shall be deemed to have come into force from the 1st day of
April, 2017.
2.
In the Income-tax Rules, 1962, in Appendix II, in Form No. 3CEFA, in paragraph 2, under the
heading “Eligible International Transaction”___
(I) in Sl. No. 3, ___
(i) after item (d), following item shall be inserted, namely:___
“(e)
Employee cost in relation to operating expense declared
”;
(ii) the existing items (e), (f) and (g) shall be renumbered as (f), (g) and (h) respectively;
(II) in Sl. No. 4, ___
(i) after item (d), the following items shall be inserted, namely:___
“(e)
Currency of denomination of the amount of loan for each loan transaction
(f)
Whether credit rating of AE has been done? If yes, the credit rating rank and the name of the
credit rating agency
”;
(ii) the existing items (e) and (f) shall be renumbered as (g) and (h) respectively;
(III) after Sl. No. 9, the following Sl. No. 10 and entities relating thereto shall be inserted, namely:___
4
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
Sl. No.
Particulars in respect of eligible international transaction
Remarks
“10.
Has the eligible assessee entered into any international transaction
in respect of receipt of low value-adding intra-group services as
referred to in item (x) of rule 10TC?
If yes, provide the following details:
(a)
Name and address of the associated enterprises (AE) with
whom the eligible international transaction has been
entered into.
(b)
Name of the country or territory in which AE (s) is located.
(c)
Whether country or territory is a no tax or low tax country
or territory as defined in rule 10TA.
(d)
Description of the eligible international transaction.
(e)
Amount paid or payable in relation to such transaction.
(f)
Mark-up charged in per cent.
(g)
Whether transfer price is in accordance with the
circumstances specified under rule 10TD.
”;
Yes
No
[Notification No. 62 /2017/ F. No. 370142/ 20/2017-TPL]
RAJESH KUMAR KEDIA, Director (Tax Policy and Legislation)
Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section-3,
Sub-section (ii) vide number S.O. 969(E) dated the 26th March, 1962 and were last amended vide
notification number G.S.R. 865(E), dated the 12th July, 2017.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
RAKESH SUKUL
Digitally signed by RAKESH SUKUL
Date: 2017.07.19 19:39:24 +05'30'
