The Indian Central Board of Direct Taxes has issued Notification No. 52/2017, which sets out the repatriation time limit and interest rate rules in relation to secondary adjustments following a primary transfer pricing adjustment of a taxpayer's income that resulted in excess money in the hands of the associated enterprise. The rules apply to primary adjustments exceeding INR 10 million made in respect of the assessment year 2017-18 and later years (2016-17 financial year).
The time limit fo…