Specified Domestic Transaction: Whether 5 Crore Limit Will Be Counted Taking Both Purchase & Sale

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The Finance Act 2012 brought in the specific domestic transaction within transfer pricing provisions given under Chapter X of the Income Tax Act. However, there is a ceiling below which the transfer pricing regulation will not apply on such specified domestic transaction. This is fixed at Rs 5o million (5 Crore) under section 92BA of…

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