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India raises threshold for transfer pricing rules

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Reuters NEW DELHI

NEW DELHI (Reuters) - India has raised the threshold for the application of transfer pricing rules to 200 million rupees ($3.24 million), from the current 50 million rupee level, according to the budget proposal presented by Finance Minister Arun Jaitley on Saturday.

($1 = 61.6489 rupees)

(Reporting by Manoj Kumar; Editing by Clara Ferreira Marques)

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First Published: Feb 28 2015 | 1:27 PM IST

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