The Finance Minister, in her recent budget speech of
1 February 2025, briefly underlined Taxation Reforms
as one of key reforms to realize the vision of ‘Viksit
Bharat’ (Advanced India). She touched upon the topic
of ease of doing business and introduced measures to
streamline the process of transfer pricing assessment.
The Finance Bill 2025 has proposed a multi-year
framework to determine Arm’s Length Price (ALP)
aimed at reducing excessive compliance burdens and
eliminating redundant assessments where there is
uniformity in transactions that remain consistent over
time.
