The provisions of transfer pricing are applicable with effect from 1st April, 2012 to specified domestic transactions entered into by the assessee in the previous year in aggregate of

CS Executive · Tax Laws and Practice · PYQS · December 2015
The provisions of transfer pricing are applicable with effect from 1st April, 2012 to specified domestic transactions entered into by the assessee in the previous year in aggregate of
(A) ₹300 lakh
(B) ₹500 lakh
(C) ₹2,000 lakh
(D) ₹1,000 lakh.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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