Meaning of specified domestic transaction
[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
In this Chapter, “specified domestic transaction” in case of an assessee means any of the following transactions, not being an international transaction—
- (a) any transaction referred to in section 122;
- (b) any transfer of goods or services referred to in section 140(9);
- (c) any business transacted between the assessee and other person as referred to in section 140(13);
- (d) any transaction, referred to in any other section under Chapter VIII or section 144, to which provisions of section 140(9) or (13) are applicable;
- (e) any business transacted between the persons referred to in section 205(4);
- (f) any other transaction as prescribed,
and where the aggregate of such transactions entered into by the assessee in a tax year exceeds a sum of twenty crore rupees.
