The secondary adjustment in certain international transaction is required to be made when the amount of primary adjustment exceeds:

CS Executive · Tax Laws and Practice · PYQS · June 2019
The secondary adjustment in certain international transaction is required to be made when the amount of primary adjustment exceeds:
(A) ₹10 Crore
(B) ₹5 Crore
(C) ₹3 Crore
(D) ₹1 Crore

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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