Government will issue transfer pricing rules by April, says P.Chidambaram

The government will issue so-called safe harbour rules by April 2013, a set of provisions that under certain conditions would enable tax authorities to accept companies transfer pricing claims without further scrutiny, Finance Minister P Chidambaram said on Monday.

Transfer pricing is the value at which companies trade products, services or assets between units across borders, a regular part of doing business for a multinational.