Specified domestic transaction extension adds domestic dealings to transfer pricing documentation and reporting requirements under Chapter X. The amendment substitutes the words "international transaction" with "international transaction or specified domestic transaction" in sections 92C, 92D ... Summary
Specified domestic transaction extension adds domestic dealings to transfer pricing documentation and reporting requirements under Chapter X.
The amendment substitutes the words "international transaction" with "international transaction or specified domestic transaction" in sections 92C, 92D and 92E of Chapter X, thereby extending the definition, documentation and record keeping obligations and the accountant's reporting requirement to specified domestic transactions; the change takes effect from 1st April, 2013 and applies to the relevant assessment year and subsequent assessment years.
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