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of <h1>Domestic Tax Transactions Over 20 Crore Rupees Between Related Parties Require Comprehensive Reporting and Compliance</h1> Section 92BA defines 'specified domestic transaction' for tax purposes, covering various inter-company transactions within India. The provision applies to transactions between related parties where aggregate value exceeds 20 crore rupees, including transfers of goods/services, business transactions, and interactions covered under specific sections of Income Tax Act. Certain non-resident transactions may also be included, such as director remuneration. The threshold is calculated on a net basis, excluding indirect taxes, and based on book of accounts values.
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