Section 92D of ITA, 1961 : Section 92D: Maintenance And Keeping Of Information And Document By Persons Entering Into An International Transaction Or Specified Domestic Transaction
ITA, 1961
JavaScript did not load properly
Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.
Explanation using Example
Imagine a hypothetical scenario where an Indian software development company, "TechGenix Pvt. Ltd.," has entered into a contract with a US-based company, "GlobalTech Inc.," to provide IT services. This contract is an "international transaction" because it involves two entities in different countries.
As per Section 92D(1) of the Income-tax Act, 1961, TechGenix Pvt. Ltd. is required to keep and maintain detailed records and documentation related to this transaction. This coul...
Login to access all pages and read more content.
To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.
🚀 Special Offer! Enjoy 1 Year of Ad-Free Browsing with any subscription.
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: We're building AI tools for the Indian Law community. Help shape the future by filling out this quick form for a chance to get a free 1-year usage of the requested tool.
Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app
