Why Some Assessees May Not Be Under Transfer Pricing Provisions Despite Having Related Party Transactions of More Than Specified Limit ,

The transfer pricing provisions under Income Tax Act cover within its fold even domestic transactions from the assessment year 2013-14 onwards. So if the assessees have Specified Domestic Transactions for aggregate of Rs 20 Crore ( previoulsy only 5 crore ) as defined under section 92BA of the Income Tax Act with specified persons , they ( assessees ) will have to comply with transfer pricing laws that requires not only maintenance of records but seeking of accountants report under section 92E of the I.T.Act. This post is devoted on the topic that in certain situation , the domestic transfer pricing provision may not be applicable to certain assessee even if the gross transaction exceeds specified limits. 

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