On 2 September 2014, the Indian Central Board of Direct Taxes issued revised guidelines for manual selection of cases for transfer pricing audit. The new guidelines replace previous guidelines issued in 2013. The main change is the removal of the criteria that international transactions exceeding INR 150 million would be manually selected for transfer pricing Audit.
Under the new guidelines, international transactions of a taxpayer in the 2014-2015 financial year will only be manually selec…