Specified domestic transaction classification brings certain related party domestic dealings under arm's length transfer pricing rules. Insertion of specified domestic transaction by section 92BA defines categories of non international transactions-payments to persons under section 40A(2)(b), transactions under Chapter VI A including section 80A and specified provisions of section 80 IA, and prescribed other transactions-that, when aggregated above the statutory threshold in a previous year, are subject to arm's length computation under sections 92, 92C, 92D and 92E; the amendment is effective from the stated assessment year.