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(b) resale price method (hereafter RPM); (c) cost plus method (hereafter CPM); (d) profit split method (hereafter PSM); (e) transactional net margin method (hereafter TNMM); and (t) any other method prescribed by the board (yet to be prescribed).

Further, section 92C(2) mentions that the most appropriate method shall be applied in the manner as may be prescribed. The prescription, accordingly, has been provided in Rule 10B of IT Rules, 1962.

8.The most appropriate method is a method, which in the facts and the circumstances of a particular international transaction is best suited to provide a reliable measure of an arm's length price. The TP Rules have prescribed the following factors to determine the most appropriate method: