Consider the following statements: Statement I: Data centres are notified as a Central Public Sector Undertaking (CPSU) under the Companies Act and therefore receive automatic budgetary support from the Union Government. Statement II: Safe Harbour Rules under India's transfer pricing regime mandate that all intra-group IT and cloud services must be priced at a uniform 15% markup for tax purposes. Which one of the following is correct?

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Economics · Economy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Both Statement I and Statement II are incorrect.

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Answer 1

Both Statement I and Statement II are incorrect.

Answer 2

Statement I is correct, but Statement II is incorrect.

Answer 3

Both Statement I and Statement II are correct, but Statement II does not explain Statement I.

Answer 4

Both Statement I and Statement II are correct, and Statement II explains Statement I.

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