Expansion of transaction scope: specified domestic transactions are included alongside international transactions under the Income-tax Act. Amends section 271G of the Income-tax Act by substituting the words "international transaction" at both occurrences with "international transaction or ... Summary
Expansion of transaction scope: specified domestic transactions are included alongside international transactions under the Income-tax Act.
Amends section 271G of the Income-tax Act by substituting the words "international transaction" at both occurrences with "international transaction or specified domestic transaction", thereby expanding the provision's textual scope to include specified domestic transactions; the substitution is effective from the specified commencement date.
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