Search Results For: 80IA


QUERY: The Finance Act, 2012 had introduced an amendment that transfer pricing provisions will apply to Specified Domestic Transactions (SDT) if the aggregate value of such transactions exceeds Rs. 5/- crores. What would the term refer to here? Is it possible to argue that if no value is recorded for a transaction in the books of accounts, it will not attract the TP provisions?
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S. 92BA has been inserted by the Finance Act, 2012 with effect from April 01, 2013 which reads as under:

Meaning of specified domestic transaction

‘92BA. For the purposes of this section and sections 92,

QUERY: An assessee has constructed units in an industrial park approved by the Government. The said units were given on lease and rent collected from lessees. Is assessee eligible for deduction under section 80-IA(4)(iii)?
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Generally the income falling under sections 80-IA or 80-IB should be of business income. Where the assessee merely derives rental income. Such income may not be eligible. But an exception is possible where income is derived from lease, while supplying all infrastructure services of SEZ.