Sec. 92 :An amendment is proposed to the
transfer pricing provisions which would extend the purview of the
provisons to include within its scope not only international
transactions but certain specified domestic transactions. The
proposed amendment is to take effect from 1st day of April,
2013
International Transactions: Sec. 92B
The Finance Bill by way of proposed amendment has clarified that
the definition of International Transaction w.e.f 1st April, 2002
shall include the following:
- purchase, sale, transfer, lease or use of tangible property and
intangible property
- capital financing, borrowing, lending or guarantee
- provision of services
- transaction with an associated enterprise for business
restructuring or reorganization
