Threshold for specified domestic transactions increased, changing when transfer pricing provisions and compliance obligations apply.

Amendment increases the monetary threshold for applicability of section 92BA of the Income-tax Act, which defines specified domestic transactions subject to transfer pricing scrutiny, by substituting the previous threshold with a higher threshold; the change, effected by the Finance Act, 2015, takes effect from the commencement date specified in the amendment and alters when domestic transactions become subject to transfer pricing compliance.

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