Section - 92BA (of Income Tax Act, 1961), Meaning of specified domestic transaction
Section - 92BA (of Income Tax Act, 1961), Meaning of specified domestic transaction
Meaning of specified domestic transaction.
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:—
(ii) any transaction referred to in section 80A (of Income Tax Act, 1961);
(iii) any transfer of goods or services referred to in sub-section (8) of section 80-IA (of Income Tax Act, 1961);
(iv) any business transacted between the assessee and other person as referred to in sub-section (10) of section 80-IA (of Income Tax Act, 1961);
(v) any transaction, referred to in any other section under Chapter VI-A or section 10AA (of Income Tax Act, 1961), to which provisions of sub-section (8) or sub-section (10) of section 80-IA (of Income Tax Act, 1961) are applicable; or
(va) any business transacted between the persons referred to in sub-section (6) of section 115BAB (of Income Tax Act, 1961);
(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 twenty crore rupees.
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