Just a moment...

⚠✕
❮ Top
☎ Help
Upgrade to AI Search ✕

We've upgraded AI Search on TaxTMI with two powerful modes:

1. Basic
• Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI

2. Advanced
• Includes everything in Basic
• Detailed report covering:
     -   Overview Summary
     -   Governing Provisions [Acts, Notifications, Circulars]
     -   Relevant Case Laws
     -   Tariff / Classification / HSN
     -   Expert views from TaxTMI
     -   Practical Guidance with immediate steps and dispute strategy

• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:

Explore AI Search →

Powered by Weblekha - Building Scalable Websites

☰
×

By creating an account you can:

Logo TaxTMI
>
Keyword Search :
AI Search : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Search ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :

Print Options

+ Post an Article
Post a New Article ✕
Title :
0/200 char
Description :
Max 0 char
Category :
Co Author :

In case of Co-Author, You may provide Username as per TMI records

Delete Reply

Are you sure you want to delete your reply beginning with '' ?

Delete Issue

Are you sure you want to delete your Issue titled: '' ?

Articles

Back

All Articles

Advanced Search ❮
Reset Filters
Search By:
Search by Text :
Press 'Enter' to add multiple search terms
Select Date:
FromTo
Category :
Sort By:
Relevance Date
PrevPreviousNextNext

TRANSFER PRICING - BUDGET 2015

CS Swati D Rawat
Domestic transfer pricing threshold raised, narrowing scope of specified domestic transactions and changing applicability from the effective date. The Budget 2015 proposal amends section 92BA to raise the applicability threshold for specified domestic transactions so that domestic transfer pricing provisions apply only where the aggregate value of such transactions exceeds the new, higher threshold, with effect from April 1, 2016, thereby narrowing the set of related-party domestic arrangements subject to transfer pricing compliance and documentation obligations. (AI Summary)

TRANSFER PRICING

Domestic transfer pricing provisions - Threshold increased to ₹ 200 million

Determination of fair market value in case of certain domestic transactions undertaken amongst related parties was introduced in the Finance Act 2012, with effect from assessment year 2013-14.This amendment was primarily brought in Chapter X of the Income-tax Act, 1961 whereby the applicability of transfer pricing provisions was extended to certain domestic transactions between related parties referred to ‘Specified Domestic Transactions’ as enunciated under provisions in a newly inserted section of the Act (i.e. section 92BA of the Act). Accordingly, a new concept of ‘Domestic Transfer Pricing’ was introduced in India. As per the provisions of aforesaid section, the Domestic Transfer Pricing provisions would be applicable only where the aggregate value of such specified domestic transactions exceeds ₹ 50 million.

It is proposed to amend the provisions of section 92BA of the Act, whereby the domestic transfer pricing provisions shall be applicable where the aggregate value of specified domestic transactions exceeds ₹ 200 million.

This amendment will take effect from April 1, 2016.

Budget - Tax Proposals
answers
Sort by
+ Add A New Reply
Hide
+ Add A New Reply
Hide
Recent Articles