The first article provides an in-depth analysis of the revamped search assessment regime introduced through the re-enacted Chapter XIV-B, now applicable to searches initiated on or after 01.09.2024. It explains the block assessment mechanism, determination of undisclosed income, interaction with transfer pricing provisions, and the relationship between the block regime and the DRP route. The article also bridges the transition to the Income Tax Act, 2025, highlighting the continuity and divergences in procedure under the new law.
The second article continues the UAE Transfer Pricing series, focusing on controlled transactions, related parties, connected persons, and the practical application of recognised transfer pricing methods. It examines traditional and transactional profit-based methods, along with the CUP, RPM, CPM, TNMM, and PSM frameworks, providing a comprehensive understanding of arm’s length compliance under Article 34 of the UAE Corporate Tax Law.
Lastly, CBDT notifications and circulars for the month of september has been included in this wiki to ensure continual updating with the latest regulatory developments.
As Income Tax Act,2025 has been enacted to replace the existing Income tax Act, 1961, which will come into effect from 01.04.2026, all the articles in this wiki have been referred to the new sections of Income Tax Act,2025.
Key Topics:
- Income tax implications on joint development agreement
- Transfer pricing in UAE – Part III
- CBDT notifications for the month of September 2025
- CBDT circulars for the month of September 2025
