On 21 May 2015, the Indian Ministry of Finance published draft rules for the computation of the arm’s length price of an international transaction or specified domestic transaction undertaken on or after 1 April 2014. The main change in the new rules is the adoption of the range concept instead of the arithmetic mean concept for determining the arm's length price, as well as the use of multiple year data. This change was announced as part of the 2014-2015 Budget, and the required amendments t…