India raises threshold for transfer pricing rules

NEW DELHI (Reuters) - India has raised the threshold for the application of transfer pricing rules to 200 million rupees ($3.24 million), from the current 50 million rupee level, according to the budget proposal presented by Finance Minister Arun Jaitley on Saturday.

($1 = 61.6489 rupees)

(Reporting by Manoj Kumar; Editing by Clara Ferreira Marques)