What annual aggregate value must eligible domestic transactions exceed under section 164 to be specified domestic transactions?
Question and options
What annual aggregate value must eligible domestic transactions exceed under section 164 to be specified domestic transactions?
₹1 crore
₹5 crore
₹20 crore
₹10 crore
Answer and explanation
Correct answer: C - ₹20 crore
Under section 164 of the Income-tax Act, 2025, the listed domestic transactions are specified domestic transactions, subject to transfer pricing, only where their aggregate value in the tax year exceeds ₹20 crore. ₹1 crore is the primary-adjustment threshold for secondary adjustment under section 170, not this limit.
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