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Income Tax Bill: Select panel proposes wider transfer-pricing net
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Monika Yadav New Delhi
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In a move that could have far-reaching repercussions on the corporate landscape, the proposed new Income Tax (I-T) law could bring inter-corporate transactions under transfer pricing scrutiny if the tax department considers one of the firms to have a substantive influence on another even if thresholds pertaining to shareholding or board control are not triggered.
This is a key recommendation made by the Lok Sabha's select committee in its report on the draft Income Tax Bill, 2025, tabled in Parliament on Monday.
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