Clause 27 - Amendment of section 92CA. - Finance (No. 2) Bill, 2024

Amendment of section 92CA. 27. In section 92CA of the Income-tax Act, with effect from the 1st day of April, 2025, (a) in sub-section (2A), (i) for the words and bracket any other international transaction [other than an international transaction , the words and bracket any other international transaction or specified domestic transaction [other than an international transaction or a specified domestic transaction shall be substituted; (ii) for the words if such other international transaction is an international transaction , the words if such other international transaction or a specified domestic transaction is an international transaction or a specified domestic transaction shall be substituted; (b) in the sub-section (2B), (i) after the words Where in respect of an international transaction , the words or a specified domestic transaction shall be inserted; (ii) for the words such transaction is an international transaction , the words such transaction is an international transaction or a specified domestic transaction shall be substituted.