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Section - 92 BA - Scope of section 92BA of the Income-tax Act relating to Specified Domestic Transactions -

 

The existing provisions provide that the transactions which are specified domestic transactions will be subject to arm’s length pricing in the same manner as the transfer pricing of international transactions. The transactions which are specified domestic transactions include any expenditure in respect of which payment has been made by the assesse to the persons specified under section 40A(2)(b). The amendment proposed deletes this type of transactions from specified domestic transactions with the result that such transactions will not be subject to transfer pricing regulations under this section.


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