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What is the Meaning of specified domestic transaction? Section 92BA of Income Tax Act 1961

Meaning of specified domestic transaction is defined under section 92BA of Income Tax Act 1961. Provisions under this Section is:

Section 92BA of Income Tax Act "Meaning of specified domestic transaction"

Section 92BA. For the purposes of this section and sections 92, 92C, 92D and 92E, "specified domestic transaction" in case of an assessee means any of the following transactions, not being an international transaction, namely:-

(i) any expenditure in respect of which payment has been made or is to be made to a person referred to in clause (b) of sub-section (2) of section 40A;

 
 

(ii) any transaction referred to in section 80A;

(iii) any transfer of goods or services referred to in sub-section (8) of section 80-IA;

(iv) any business transacted between the assessee and other person as referred to in sub-section (10) of section 80-IA;

(v) any transaction, referred to in any other section under Chapter VI-A or section 10AA, to which provisions of sub-section (8) or sub-section (10) of section 80-IA are applicable; or

(vi) any other transaction as may be prescribed, and where the aggregate of such transactions entered into by the assessee in the previous year exceeds a sum of [five] crore rupees.

Income Tax Act 1961

What is the Meaning of associated enterprise? Section 92A of Income Tax Act 1961

What is the Meaning of international transaction? Section 92B of Income Tax Act 1961

What is the Meaning of specified domestic transaction? Section 92BA of Income Tax Act 1961

What is Computation of arm's length price? Section 92C of Income Tax Act 1961

What is Reference to Transfer Pricing Officer? Section 92CA of Income Tax Act 1961

What is Power of Board to make safe harbour rules? What is Advance pricing agreement? Section 92CB and 92CC of Income Tax Act 1961

What is the Effect to advance pricing agreement? Section 92CD of Income Tax Act 1961

What is Maintenance and keeping of information and document by persons entering into an international transaction or specified domestic transaction? Section 92D of Income Tax Act 1961

What is Maintenance and keeping of information and document by persons entering into an international transaction or specified domestic transaction? What is Report from an accountant to be furnished by persons entering into international transaction or specified domestic transaction? Section 92D and 92E of Income Tax Act 1961

What is the Definitions of certain terms relevant to computation of arm's length price, etc? Section 92F of Income Tax Act 1961

What is the avoidance of income-tax by transactions resulting in transfer of income to non-residents? Section 93 of Income Tax Act 1961

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