Rule 10TC: Eligible international transaction

The Income-tax Rules, 1962Central Act · 1962

Eligible international transaction.

"Eligible international transaction" means an international transaction between the eligible assessee and its associated enterprise, either or both of whom are non-resident, and which comprises of :—

(i) provision of software development services;

(ii) provision of information technology enabled services;

(iii) provision of knowledge process outsourcing services;

(iv) advance of intra-group loan;

(v) provision of corporate guarantee, where the amount guaranteed,—

(a) does not exceed one hundred crore rupees; or

(b) exceeds one hundred crore rupees, and the credit rating of the associated enterprise, done by an agency registered with the Securities and Exchange Board of India, is of the adequate to highest safety;

(vi) provision of contract research and development services wholly or partly relating to software development;

(vii) provision of contract research and development services wholly or partly relating to generic pharmaceutical drugs;

(viii) manufacture and export of core auto components; [***]

(ix) manufacture and export of non-core auto components [; or]

30[(x(30[(x) receipt of low value-adding intra-group services from one or more members of its group,]

by the eligible assessee.

Where this provision sits

Act	The Income-tax Rules, 1962
Rule	10TC
Marginal note	Eligible international transaction
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

omitted. Word "or" omitted by the IT (Twelfth Amdt.) Rules, 2017, w.r.e.f. 1-4-2017.
inserted. Inserted by the IT (Twelfth Amdt.) Rules, 2017, w.r.e.f. 1-4-2017.

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

Search 49,000+ Central and State enactments by what a provision says, not by its number
Jump from any section to every judgment that has applied it
Search 300 million+ Indian court records alongside the statute
Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The Income-tax Rules, 1962 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.