For tax year 2026-27, under section 164 of the Income-tax Act, 2025, the transactions listed there are "specified domestic transactions" only where their aggregate value for the assessee in the tax…
Question and options
For tax year 2026-27, under section 164 of the Income-tax Act, 2025, the transactions listed there are "specified domestic transactions" only where their aggregate value for the assessee in the tax year exceeds which amount?
₹10 crore
₹5 crore
₹1 crore
₹20 crore
Answer and explanation
Section 164 of the Income-tax Act, 2025 treats the listed transactions as specified domestic transactions only where their aggregate in the tax year exceeds twenty crore rupees, carrying over the limit of section 92BA of the 1961 Act. The lower figure of ₹5 crore was the original section 92BA limit, raised to ₹20 crore from assessment year 2016-17.
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