TRANSFER
PRICING – CBDT WITHDRAWS CIRCULAR ON PROFIT SPLIT METHOD (PSM)
Circular no- 05/2013
Dated: 29th June 2013
CBDT had issued Circular No. 2 on 26th March 2013 regarding application of
Profit Split Method.
The
Circular appeared to give the impression that there was a hierarchy among the 6
methods listed in section 92C and that Profit Split Method (PSM) was the
preferred method in the case involving unique intangible or in multiple
interrelated international transactions.
Accordingly, CBDT withdraws Circular No
2 dated 26th March
2013 with immediate effect.
Regards
CA. Mona Singhal
Partner
Arpit Gupta & Associates
Chartered Accountants
701, Nirmal Tower,
26, Barakhamba Road,
Connaught Place, Delhi-110001
Mobile:- +91-9873082769
Website: www.caaga.co.in
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