§ 164
Chapter X — Special Provisions Relating To A Voidance Of Tax
Meaning of specified domestic transaction
Income-tax Act, 2025
For tax purposes, a specified domestic transaction refers to certain business deals between an assessee and another party. These include transactions like goods or services transfers and business conducted with specific persons. The transactions must exceed ₹20 crore in a tax year. Key points include:
- transactions like those in sections 122, 140(9), and 140(13)
- business with persons in section 205(4)
- aggregate transactions over ₹20 crore in a tax year
📜 Official text of the section +
164. For the purposes of this Chapter, the expression “specified domestic
transaction” in case of an assessee means any of the following transactions
(not being an international transaction),—
( a) any transaction referred to in section 122;
( b) any transfer of goods or services referred to in section 140(9);
( c) any business transacted between the assessee and other person as referred
to in section 140(13);
( d) any transaction, referred to in any other section under Chapter VIII
20[***], to which provisions of section 140(9) or (13) of this Act or
section 80-IA(8) or (10) of the Income-tax Act, 1961 (43 of 1961) are
applicable;
( e) any business transacted between the persons referred to in section 205(4);
( f) any other transaction as may be prescribed,
and where the aggregate of such transactions entered into by the assessee in a tax
year exceeds a sum of twenty crore rupees.
Determination of arm’s length price.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.